Boxhill Technologies PLC AGM Statement (8845X)

TIDMBOX

RNS Number : 8845X

Boxhill Technologies PLC

17 January 2014

BOXHILL TECHNOLOGIES PLC

("Boxhill", the "Group" or the "Company")

AGM Statement

At the Annual General Meeting of Boxhill Technologies Plc (AIM:BOX) the AIM quoted lottery, software, gaming and leisure company, being held later today at the offices of Allenby Capital, 3 St Helen's Place London EC3A 6AB, Non-executive Chairman Lord Razzall will make the following statement:

"The Company is continuing to build on last year's transformation having developed an e-commerce related offering and changed its name from The Weather Lottery plc to Boxhill Technologies plc. As such, the main focus moving forward is on developing the range of activities within the software, lottery, gaming and leisure sectors.

"In December I underlined improvements giving an indication of FYQ4 revenue (EBIT) in the range of GBP175,000 to GBP250,000 - based on seven live and seven yet to go live but signed contracts, which means that the Company will have an annualised profit of circa GBP1million. Since then the Company continues to perform as expected, with another live customer and four further substantial companies going through integration due to go live in the next eight weeks.

"As touched upon in our Final Results published last month our operating loss before exceptional items was GBP34,000, impairment of tangible and intangible assets was GBP382,000, Group operating loss GBP416,000, interest payable GBP22,000 and loss from ordinary activities GBP438,000.

"In terms of our future outlook, we continue to deliver against won contracts previously announced, and are completing further integrations with signed customers. We also have new products in the pipeline and will be embarking on a strengthened investor and public relations programme to improve shareholders' understanding of our services and the customers we serve."

For further information contact:

   Boxhill Technologies PLC                                                       020 7618 9000

Philip Jackson, CEO

Website www.boxhillplc.com

Allenby Capital Limited (Nomad & Broker)

   Nick Harriss/Nick Athanas/James Reeve                                      020 3328 5656

Bishopsgate Communications (Financial PR)

   Nick Rome/Sam Allen                                                                020 7107 1890

Notes to editors:

Boxhill Technologies Plc (AIM:BOX), is an AIM quoted lottery, software, gaming and leisure company.

Boxhill has a range of ecommerce products that suit all merchants' and customers' needs enabling secure payments. The Company works within both regulated frameworks and in regions where traditional partners struggle to offer safe, secure services.

In addition, Boxhill operates the Weather Lottery, which has been in operation since 2002 and the Company holds one of the limited number of UK external lottery managers licences. Over GBP5 million has been raised to date for good causes and paid over four million prizes to winners.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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