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Venteco PLC (VTO)

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Friday 07 December, 2007

Venteco PLC

Trading Update

Venteco PLC
07 December 2007

7 December 2007

                                  Venteco plc
                           ('Venteco' or 'the Group')

                                  Trading Update

Venteco, the UK-based non-toxic pest control provider, announces that during the
second half of 2007 an unexpected slowdown in its core operations has been
experienced, as highlighted below. The Group now anticipates reporting a loss at
the EBITDA (earnings before interest, tax, depreciation and amortisation) level
for full year 2007, compared with the small profit previously expected.
Management reiterates, however, its continued confidence in the Group's overall
business plan and long-term goals.

Rationalisation of Operations

The Board has agreed to implement a cost cutting programme within its
operational businesses. The programme is designed to preserve cash resources
whilst allowing it to optimise both market and cross-selling opportunities. In
lowering the Group's break-even level, the results of this initiative should be
evident during the first half of 2008. Further details will be provided with the
Group's full year 2007 results.


Although levels of interest in Venteco's unique Cryonite technology remain very
high, to date efforts by CTS Technologies to secure those major contracts
necessary to achieve its targeted sales volumes have been slower than
anticipated. Management continues to seek strategic partnership and global
distribution agreements in support of these ambitions. A number of units have
been deployed with a leader in the UK pest control market. Whilst it is unlikely
that any arrangements will be reached in time to correct the shortfall now
anticipated for full year 2007, the management remains optimistic that recent
discussions and product trials will result in further arrangements being put in


Having experienced strong organic growth during the first six months of 2007,
Silvandersson's seasonal order intake has since been impacted by the relatively
cool and wet summer months experienced in its principal markets. As a result,
sales for September and October were weaker than expected.


Valiguard has continued to make progress in developing its core activities and
performance for the full year is expected to end in line with the Group's
original expectations.

Stefan Hansson, Chief Executive of Venteco, stated: 'It is frustrating that much
of the organic growth the Group had expected this year has been delayed. However
we are very encouraged by the favourable feedback Cryonite is gaining from tier
one customers in trials and we remain confident that the group is well placed to
deliver long term value to shareholders.'


Venteco plc
Stefan Hansson, Barry Gibb                     +44 (0) 207 977 0020

Libertas Capital
Aamir Quraishi, Charlie Wilson                 +44 (0) 207 569 9650

Corfin Communications
Ben Hunt, Clare Perks                          +44 (0) 207 977 0020

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

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