Access Intelligence PLC
15 April 2005
Access Intelligence plc
Provision of information and services on a subscription basis
* Sales for 17 weeks to 31 March 2005 up 52%
* Group pre-tax profits for first 4 months just ahead of breakeven
* All group companies making good progress
* Group still holds £2.6 million in cash
* Acquisition activity a top priority
Following the preliminary announcement on 27 February 2005, we wish to give the
following trading update:
'The 17 weeks sales to 31 March 2005 were 52 per cent. ahead of last year on a
like for like basis, continuing the growth evident at the close of the last
financial year. The group pre-tax profit for those first 4 months was just
ahead of breakeven. There will be no tax payable.
Since the beginning of the year on 1 December 2004 the company has added four
new salesmen to the Group's internal sales resource, all of whom are just
beginning to generate revenue.
Backup and Running has introduced a product upgrade and used the skills of its
sister company 'The Marketing Guild' to execute an e-mail marketing campaign
which is beginning to 'bear fruit'.
Wired-Gov is having considerable success with sponsorship which is now sold 60
days ahead. In March it sent 264,867 requested e-mail alerts (March 2004:
197,380) including announcements from the Financial Services Authority (FSA) who
were recently introduced to the service. A growing group of subscribers, now in
excess of 10,000, receive requested e-mail alerts everyday. New products are
planned for launch in the summer to theme information flow, whilst offering
increased sponsorship opportunity.
The Marketing Guild is successfully upgrading its members to its more premium
products and recently signed its 50th 'platinum' member (£1,800 per annum), 6
months after launching this grade of product. A further premium service has
just been launched at £4,800 per annum and already one company has signed up. A
new product feature for members was the introduction in January of 'Webinars' a
training session using the web and telephone saving members several hours when
compared with more traditional training.
Finally the company still holds the £2.6m net cash it raised before Christmas
2004. Acquisition activity is a top priority for the Group and although no
success has yet been achieved this has not been for lack of deal flow. Clearly a
sensibly priced, profitable acquisition would accelerate progress very quickly.'
Brendan Austin, Access Intelligence 01904 520840
William Vandyk/Luke Ahern, Corporate Synergy 020 7626 2244
Brian Coleman Smith, Beattie Financial 020 7053 6400
This information is provided by RNS
The company news service from the London Stock Exchange