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Access Intelligence (ACC)

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Tuesday 10 August, 2004

Access Intelligence

Interim Results

Access Intelligence PLC
10 August 2004


ACCESS INTELLIGENCE PLC
CHAIRMAN'S STATEMENT


UNAUDITED INTERIM RESULTS
for the six months' period from 1 December 2003 to 31 May 2004


Results


During our first full six months of trading as an AIM company, the Group has
incurred a trading loss of £128,000. Subscription income has continued to grow
and we anticipate that the Group will start to make a monthly profit before the
end of this financial year.  As at the end of May 2004, the Group had cash
balances of £132,000.


The Marketing Guild


Subscribers to The Marketing Guild remained fairly constant throughout the
period. However, membership subscription rates have been increased to reflect
the improved level of service. In addition we have recently launched a new
Platinum Service at £1,800 per annum which includes a level of consultancy
support. Since the beginning of May we have accepted subscriptions at this
higher level. We now have six sales consultants marketing the Platinum Service.


Wired Gov


Wired Gov has increased its revenue from banner advertising and from public
bodies who are now using Wired Gov as a medium to disseminate their press
releases. We estimate that the service is now reaching over 10,000 desktops in
the UK which is almost twice as many as this time last year. Repeat revenues are
strong and market research shows that the service is highly regarded amongst
users.


Back up and Running


Back up and Running has doubled revenues within the last twelve months with many
new subscribers. The company has also invested in infrastructure and storage
capability which has significantly improved service levels. We have increased
the number of active resellers and invested in technical support.


Outlook


We expect our subscriber base to continue to expand in the second half of the
financial year and will continually look at ways to improve the service offering
of all companies. We will also continue to look for other acquisitions that will
expand our subscriber base and increase cross-selling opportunities.


Ian Savage
Chairman
10 August 2004


Background note:


Access Intelligence has three operating subsidiaries:


•  The Marketing Guild which provides marketing advice and support to
   small and medium sized businesses.  This is in the form of newsletters,
   consultancy, lead generation and member's services.


•  Wired Gov provides an online information service delivering press
   releases from over 100 government and public sector bodies.  Subscribers can
   customize the service specifying the agency or topic they require.


•  Backup and Running plc provides an online data storage and disaster
   recovery service which the client can customize to its own requirements.  The
   service offers significant advantages over other alternative systems in that 
   it backs up automatically and can provide a complete backup history for at 
   least three years.


All companies operate on a subscription basis and the group intends to focus on
the revenue method as a solid platform growth both organically and by
acquisition.


For further information contact:


Access Intelligence plc  Colin Davies, Finance Director         01904 449020


W. H. Ireland Limited    David W. Youngman                      0161 832 6644


ACCESS INTELLIGENCE PLC

UNAUDITED CONSOLIDATED PROFIT AND LOSS ACCOUNT
for the period 1 December 2003 to 31 May 2004


                                                    6 months' period
                                                  01/12/03 to 31/05/04

                                                          £'000

Turnover

Continuing operations                                       299

Operating loss

Continuing operations                                     (114)

Loss on ordinary activities before interest               (124)

Interest payable                                              4


Loss before taxation                                      (118)

Taxation                                                      0

Loss after taxation                                       (118)
                       
Dividends                                                     0

Retained loss in period                                   (118)

Earnings / (Loss) per share

Basic and diluted                                        (0.2p)


ACCESS INTELLIGENCE PLC

UNAUDITED CONSOLIDATED BALANCE SHEET
as at 31 May 2004

                                                      Unaudited
                                                       31/05/04

                                £'000                     £'000

Fixed assets

Goodwill                                                   2556

Tangible assets                                             125

                                                           2681

Current assets

Debtors                           96

Cash at bank                     132

                                 228


Creditors falling due within
  one year                     (176)

Net current assets                                          52

Total assets less current liabilities                    2,733

Creditors falling due after one year                     (181)

                                                         2,552


Capital and reserves

Called up share capital                                    367

Share premium account                                    2,329

Profit and loss account                                  (144)

Equity shareholders' funds                               2,552


ACCESS INTELLIGENCE PLC

UNAUDITED CONSOLIDATED CASHFLOW STATEMENT
for the period 1 December 2003 to 31 May 2004

                                         6 months' period
                                        01/12/03 to 31/05/04

                                   £'000                        £'000

Operating loss                                                  (114)

Movement in working capital                                     (368)

Net cash inflow from operating 
  activities                                                    (482)

Acquisition costs                                                 (7)

Capital Expenditure                                              (31)

Net cash outflow before use of liquid 
  resources and financing                                       (520)

Loan Repayments                                                   (29)

Decrease in cash in period                                        549

Analysis of net funds

Cash at bank and in hand                                          183

Overdraft                                                        (51)

                                                                  132

Debt repayable by instalments:

Due within one year                         (60)

Due after more than one year               (179)

                                                                (239)

                                                                (107)

ACCESS INTELLIGENCE PLC

UNAUDITED INTERIM ACCOUNTS
for the period 1 December 2003 to 31 May  2004


Notes

1. The company was incorporated in June 2003 and, therefore,
   there are no comparative figures for the previous period.


2. The results are unaudited and they do not constitute
   statutory accounts within the meaning of Section 240 of the Companies Act 
   1985.


3. The calculation of earnings per share for the period is
   based on the loss after taxation divided by the average weighted number of
   ordinary shares in issue being 28,253,378

                      This information is provided by RNS
            The company news service from the London Stock Exchange