AGM Statement
30 Avril 2008 - 1:37PM
UK Regulatory
RNS Number:4438T
Formjet PLC
30 April 2008
30 April 2008
FORMJET PLC
("FORMJET" OR "THE COMPANY")
(AIM:FMJ)
AGM STATEMENT
Formjet Plc, the AIM listed alternative software vendor, will today provide the
following update to the current trading at the Company's Annual General Meeting,
to be held at 11.30am at Henry Thomas House 5-11 Worship Street, London, EC2A
2BH.
Lyndon Chapman, Executive Chairman of Formjet, will provide the following update
at the meeting: "In Q1 2008 we have experienced delayed decision making in
particular amongst the major retailers, although, I am pleased to state that the
sell through reports of our products show no signs of reduced sales even in
these difficult retail conditions and the Board believes this will result in
re-stocking orders in Q2. Corporate sales in Q1 have grown month on month at an
average rate of 19% per month and demonstrates the importance that the Group
attaches to business software products. In mid- May the Group will launch a
complete range of B2B software titles ranging through accounting and business
planning tools to office suites and security products under its wholly owned ASI
Ability brand. This new range will also be available initially in six languages
and launch into ten countries during Q2."
The Company today launched www.formjetplc.com, www.formjetsoftware.com and
www.asiability.com.
---END---
ENQUIRIES
Formjet Plc Tel: 01293 848 860
Lyndon Chapman, Executive Chairman
Tony Lee, Chief Executive
Bishopsgate Communications Ltd Tel: 0207 562 3350
Maxine Barnes
Nick Rome
www.bishopsgatecommunications.com
Blue Oar Securities Plc Tel: 0207 448 4400
Romil Patel/Rhod Cruwys
www.blueoarsecurities.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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