BVM Belgravium Tech

RNS Number:8415D
Belgravium Technologies PLC
18 May 2001


Chairman's statement to shareholders of Belgravium Technologies Plc

Annual General Meeting, 18 May 2001

Speaking at the group's Annual General Meeting today, John Kembery, Chairman of
Belgravium Technologies Plc said:


"The New Board of Belgravium Technologies is pleased that shareholders approved
the plans for the recent demerger of Eadie Industries from the company, leaving
Belgravium exceptionally well positioned to grow and to utilise its own
resources to expand. The company is now completely separated from all residual
liabilities and has no borrowings. It is investing strongly in new product and
market developments and will grow organically as well as through suitable
acquisitions."


"I am also pleased to announce that in the quarter ended March 2001, Belgravium
has performed strongly, and this level of trading continues to be sustained. As
a result, the Board remains confident of being able to deliver a favourable set
of interim results when reported in August.  As a measure of our confidence, as
shareholders may be aware, Directors made substantial purchases of shares
immediately after the announcement of the demerger. "


Enquires:

John Kembery, Chairman, Belgravium Technologies
Tel: 01274 718 800
Alex Walters, Walters Associates     
Tel: 0207 440 5658

Notes to editors:

Belgravium Technologies, demerged from Eadie Industries on 30 March 2001,
specialises in the manufacture and integration of real time communication
systems to provide data capture solutions to the logistics, manufacturing and
services sectors.  It is one of the leading providers of data capture systems to
the distribution market in the UK. The increasing use of data capture systems
within the distribution market continues to provide opportunity for future
growth.  Belgravium's products are based on wireless data communication, taking
the form of robust mobile computer terminals

Belgravium is well placed to expand into Europe and to capitalize on the
expected increase in demand for mobile communications solutions arising from the
predicted growth in e-commerce activity. 

In the year to 31 December 2000, Belgravium had turnover of #3.6 million (1999:
#3.0 million) and profit before interest and taxation of #0.8 million (1999:
#0.5 million) 

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