DATA Globaldata Plc

RNS Number:8067Y
Datacash Group PLC
18 May 2004


DataCash Group Plc: DATA / Index: AIM / Sector: Support Services

18 May 2004

News Item



                DATACASH GROUP PLC ('DataCash' or 'the Company')

                                 AGM STATEMENT


DataCash Group Plc, the AIM listed payments service provider, held its AGM today
and all resolutions were duly passed.  Chairman David Bailey made the following
statement:


"This has been an eventful and busy year for the Company during which we have
firmly established ourselves as one of the country's leading payments service
providers.


"During the first four months of the current year the Card Holder Not Present
business has continued to grow rapidly and we have won some important new
clients particularly in the travel and ticketing areas. They should contribute
to revenue growth going forward.


 "One of the most significant events of the year was the announcement that we
are working with IBM in a team to market a complete Chip and Pin solution to
mid-tier retailers. Initial marketing has been encouraging and we are
increasingly confident that this outsourced multi-channel proposition will
generate significant revenues and opportunities for the Group in the future.


 "We look forward to reporting on our progress when the interims are published
in early August."


                                  * * ENDS * *


Issued on behalf of DataCash Group Plc by St Brides Media & Finance Ltd, 46
Bedford Row, London WC1R 4LR.

Contacts:

David Bailey                      DataCash Group              Tel: 0870 7274760
Cliff Feltham/Isabel Crossley     St Brides Media & Finance   Tel: 020 7242 4477





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

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