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Horizon Tech.Group (HOR)

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Thursday 10 January, 2008

Horizon Tech.Group

Trading Update

Horizon Technology Group PLC
10 January 2008



                          Horizon Technology Group plc


 Dublin: HOR.I                      London: HOR.L                   ADR: HZNTY


                 Trading update and release of preliminary results


                                                10 January 2008: Dublin & London


Horizon Technology Group plc, a leading system integrator and distributor of
information technology products in the UK and Ireland, is pleased to provide a
year-end trading update and announce that it intends to release preliminary
results on 13 March 2008.

Horizon's revenue, which has become increasingly weighted towards the end of
each quarter, was lower than expected in December, partly due to orders slipping
into 2008. The directors anticipate that diluted adjusted EPS in 2007 will show
single-digit growth.

The directors consider that the group's bad debt provisions need to be
strengthened by €0.8 million to reflect an exposure to a significant UK customer
whose business has gone into Administration.

The group has performed ahead of expectation in terms of cash generation and
market share growth. Having generated approximately €11 million of cash flow in
2007 and with net cash at 31 December 2007 of approximately €4 million, the
group is in a very strong financial position.


For further information please contact:

Horizon Technology Group plc

Cathal O'Caoimh, Chief Financial Officer             353 1 620 4900

K Capital Source

Mark Kenny/Jonathan Neilan                           353 1 631 5500




ABOUT HORIZON

Horizon Technology Group plc is a leading technical integrator and distributor
of information technology products in the UK and Ireland. For more information
about Horizon Technology Group plc, visit www.horizon.ie.



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