Information  X 
Enter a valid email address

1PM plc (OPM)

  Print      Mail a friend       Annual reports

Wednesday 18 June, 2008

1PM plc

Further funding underpins growth

                            ("1pm" or the "Company")

      Extra GBP 400,000 lending facility secured to underpin further growth

Date: 18 June 2008

The  board of 1pm, a provider of asset finance facilities to the small  business
community,  is  pleased to announce that it has secured a further £400,000  from
one of its existing lenders.

In  the  past  three months, total  banking  facilities available  to  1pm  have
increased by £1,650,000 now providing the business with total funding facilities
of over £3.5m

This  is  another  significant success for the Company, following  on  from  the
recently  announced £500,000 of additional funding and enables the  business  to
increase its market share, build its client base and accelerate growth.

Mike Johnson, Chairman stated:

"I am delighted with this additional funding which now provides the Company with
over  £3.5m  of  funds  compared to just £700,000  a  year  ago.   Our  business
continues to perform exceptionally well post restructuring and the timely  focus
on  the  small ticket leasing sector and I look forward to updating shareholders
with further progress in due course."


Mike Johnson, Chairman 1pm plc                               08707 397 397

Ian Callaway, SVS Securities plc                             020 7638 5600

Nick Harriss, Blomfield Corporate Finance                    020 7489 4500

Shane  Dolan, Biddicks                                       020 7448 1000