Trading Update
08 Juin 2007 - 11:44AM
UK Regulatory
RNS Number:0281Y
Personal Screening PLC
08 June 2007
Personal Screening plc ("the Company")
Trading update in advance of year end results
Unaudited sales for Personal Screening plc for the year to 31 December 2006, at
#31,337, were considerably below the Company's expectations. As reported at the
Interim stage, sales in the first half of the year were adversely affected by a
shortage of working capital which restricted the Company's ability to fulfil
orders. The Company raised new capital on admission to AIM in February 2006 and
again in April 2006, in order to deal with this problem but was subsequently
unable to prevent a further erosion of business as a result of continuing to
lose customers whom it had been unable satisfy earlier in the year.
It has taken much longer than anticipated to begin to rebuild the customer base
but this now appears to be taking place. Sales in the first five months of 2007
were #29,829 and the Board is hopeful that they will continue to grow at an
increased rate during the remainder of the year.
The Company expects to announce preliminary results for the year ended 31
December 2006 during the week commencing 25 June 2007 and to post its accounts
to shareholders during the same week.
Contacts:
Personal Screening plc
Michael Scorey, Chairman 01384 352717
michaelscorey@perscreen.com
Adventis Financial PR
Chris Steele 020 7034 4759
csteele@adventis.co.uk
Nominated Adviser:
Nabarro Wells & Co. Limited
JohnWilkes
This information is provided by RNS
The company news service from the London Stock Exchange
END
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