Access Intelligence PLC
14 June 2005
FOR RELEASE 7.00AM 14 JUNE 2005
ACCESS INTELLIGENCE PLC
('Access Intelligence' or 'the Group')
(Range of companies providing information, advice and services to small and
medium sized businesses and the public sector)
POSITIVE START TO THE CURRENT YEAR
Jeremy Hamer, the Chairman of Access Intelligence, will make the following
comments on current trading at the Annual General Meeting to be held later today
'I am pleased to report that the Group is now trading profitably.
Earlier this month we announced the first step in our strategy of building a
portfolio of companies which provide information, advice and services to
business and public sector organisations on a recurring revenue basis and we are
continuing to target businesses which we believe will add value to the Group.
In evaluating businesses we have maintained our cautious approach and we have
been very thorough in carrying out our due diligence and we shall remain so .
Ridgeway Technologies, our first acquisition since flotation, is an excellent
business and strengthens our position as a provider of specialist IT services
for the backup and storage of data. It will be fully integrated into our
existing Backup and Running business and we are confident that there will be a
number of cross selling opportunities for both companies.
These are early days in the development of the Group, but we have £2 million in
the bank and an excellent team of people who are determined to build a highly
successful business through carefully targeted acquisitions and strong organic
We have made a positive start to the current year and I look forward to
reporting on more acquisitions as the year progresses and on developments within
our operating companies.'
For further information:
Jeremy Hamer (Chairman) 01904 520840
Brendan Austin (Chief Executive) 01904 520840
Colin Davies (Finance Director) 01904 520840
Brian Coleman-Smith / Jo Clewlow 020 7053 6400
Rhod Cruwys 020 7626 2244
The Company was incorporated in June 2003 and in November of that year acquired
Access Intelligence Limited which owned three businesses, The Marketing Guild,
Wired Gov and Backup and Running. The common links between these businesses are
that they provide practical services and advice to small and medium sized
companies and public sector organisations. The services provided are
subscription-based and provide a foundation for expansion by means of recurring
annual revenues. Further information on the Group's businesses is set out below.
The Marketing Guild
The Marketing Guild provides practical marketing help and advice aimed at small
and medium sized businesses. This is delivered through regular newsletters, a
helpline and training seminars for which members pay a fee based on the level of
service they require. In addition, members have access through the helpline to
'MAGiC', a database containing ideas and tactics, which offers strategies to
Wired Gov provides its subscribers with immediate press releases from the
government and other public sector organisations via its website and e-mail
alert system. Income is derived from subscriptions and sponsorship. Subscribers
to the service can specify from which organisations they wish to receive
information and additionally use key word searches. An archive system is also
available. Wired Gov has approximately 10,000 registered users.
Backup and Running
Backup and Running provides small and medium sized organisations with a disaster
recovery service for computerised information. The software is made available
under a licence from Novastor Corporation Inc. The software allows users to
configure an operating system to specify which files are to be backed up and the
frequency of the routine. The specified information is encrypted then sent to a
remote storage facility. The software has several facilities including an
archive facility which allows the user to retrieve all back ups made over a five
year period. Backup and Running has approximately 130 customers.
The Group's ongoing strategy is to establish a portfolio of companies which
provide information, advice and services to business and public sector
organisations on a recurring revenue basis. The Directors believe that this
model provides high levels of repeat business and, thus, high quality revenues,
together with cross selling opportunities within the Group.
This information is provided by RNS
The company news service from the London Stock Exchange