TOU Touch Grp

 

TIDMTOU 
 
RNS Number : 4985T 
Touch Group PLC 
29 September 2010 
 
 
 
 
 
 
 
 
                   Touch Group plc ("Touch" or the "Company") 
                                  AGM Statement 
 
 Touch Group plc is pleased to announce that all resolutions proposed at today's 
Annual General Meeting were duly passed. 
 
Vincent Isaacs, Executive Chairman, stated the following at the AGM: 
 
"Following on from my last Chairman's Statement, which was issued on August 27th 
this year, as stated, we are putting every effort into building and developing 
our revenues. 
 
Reporting our progress for the first five months of our fiscal year in sales 
based revenue, we have achieved in excess of 35% over the same period last year. 
 However, this is not yet enough - we need a further increase to achieve 
profitability. 
 
Whilst the figures we are now achieving are sales based they are contracted 
orders; down the line they transfer into statutory revenue, which will reflect 
in our future Report and Accounts. 
 
I think it appropriate to also draw your attention to an unheralded capital 
asset embedded in our Company in the form of our portfolio of branded medical 
journals which have been established over the years. 
 
We produce in total 62 journals, 44 of these have been produced for over three 
years. Taking just these 44, the average period that they have been in 
production is over six years.  The total "averaged" annual revenue figure for 
these 44 journals is in excess of GBP2.7m.  In addition, we are generating 
reprint revenue from these journals which this year alone will be in excess of 
GBP750,000. 
 
We are well aware that we need to re-establish ourselves in the eyes of the 
investing market.  The past under achievement has been reflected in the market 
and is a point we are striving to address.  We need to remove this mantle and 
present ourselves as the Company we are working hard to be.  This can only be 
done by performance and we are striving to demonstrate this performance." 
 
 
 
 
Enquiries: 
 
Touch Group plc 
Vincent Isaacs, Executive Chairman                              Tel: 0207 452 
5222 
 
Shore Capital and Corporate (Nominated Adviser to the Company) 
Andrew Raca                                                               Tel: 
0207 408 4090 
 
 
 
About Touch Group plc 
 
Touch Group plc is an international business-to-business publisher providing 
cutting-edge information that specialises in meeting the needs and requirements 
of the pharmaceutical and medical communities in both digital media and print. 
The Company also focuses on the energy industry, covering oil and gas 
exploration and production and renewable energy, in both America and Europe. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 AGMPGUWGBUPUUBB 
 

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