Information  X 
Enter a valid email address

1PM plc (OPM)

  Print      Mail a friend       Annual reports

Wednesday 01 October, 2008

1PM plc

Trading Update

                                     1pm plc

                            ("1pm" or the "Company")

                   1PM SECURES ADDITIONAL £500,000 OF FUNDING

1 October 2008

The  board of 1pm, a provider of asset finance facilities to the small  business
community,  is  pleased to announce that it has secured an  additional  £500,000
block discounting facility from a new lender.

The  Company's  lending facilities now total £5 million and  have  increased  by
almost 50% over the last quarter, reflecting the Company's intention to steadily
grow its client base and associated lending capabilities.

Trading continues to be robust and is in line with the Board's expectations.

Mike Johnson, Chairman stated:

"I am delighted to announce this new facility as it endorses the strength of our
business  model  and  reflects the confidence of our lenders  in  the  Company's
definitive debt collection procedures. We continue to steadily grow our business
and  I  am pleased to report that trading is in line with expectations.  I  look
forward to reporting further progress in due course."


Mike Johnson
Chairman 1pm plc                   08707 397 397

Ian Callaway
SVS Securities plc                020 7638 5600

Emily Morgan/Nick Harriss
Blomfield Corporate Finance       020 7489 4500

Shane Dolan
Biddicks                           020 7448 1000