Belgravium Technologies PLC Trading Statement (3748F)
May 23 2013 - 1:00AM
UK Regulatory
TIDMBVM
RNS Number : 3748F
Belgravium Technologies PLC
23 May 2013
23 May 2013
Belgravium Technologies plc ("Belgravium")
Update on Trading
John Kembery, Chairman of Belgravium Technologies plc, AIM: BVM
the designer and supplier of computing solutions and services for
the mobile computing market, will make the following statement at
the Company's Annual General Meeting being held today.
" As indicated in my statement in the Annual Report, the Board
is expecting 2013 to be another challenging year with no
significant change expected in the trading conditions in our
markets.
The current year has started slowly with order in-take and sales
revenue being lower than anticipated. However our sales and
marketing activities have developed a good pipeline of sales
opportunity during the early part of 2013 and the Directors believe
that the strength and content of the pipeline will bring
improvements in revenue as the year progresses.
This process will be aided by the acquisition of Feedback Data
plc (FDP) as announced on 13 May and due to be completed on 31 May
when approved by Feedback shareholders.
FDP operates in sectors that are new and exciting to Belgravium
and the acquisition will enable both FDP and Belgravium to share
and utilise their respective hardware and software capabilities.
Belgravium brings a strong technical base to FDP's existing
business and product ranges, We believe that with the additional
resource and investment that we can provide, FDP will soon be
restored to a position of profitable growth."
Enquiries:
Belgravium Technologies Plc www.belgravium-ir.com
John Kembery, Executive Chairman +44 (0) 7770 731021
WH Ireland Limited (Nominated Adviser www.wh-ireland.co.uk
and Broker)
Mike Coe (Corporate Finance) +44 (0) 117 945 3470
This information is provided by RNS
The company news service from the London Stock Exchange
END
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