RETV Responzetv

RNS Number:3807R
ResponzeTV PLC
02 April 2008


                         ResponzeTV PLC ("the Company")


                                 Trading Update


ResponzeTV, an international TV home shopping and direct response TV company, is
pleased to announce a trading update ahead of the announcement of its
preliminary results for the financial year ended 31 December 2007.


The Group expects to show significant (over 10 times) growth in sales from the
previous year, to approximately US$23.0 million. This reflects mainly the
contributions of the Reliant and Famous Discoveries businesses acquired during
the year, although the year also saw a doubling of revenues from its
International Wholesale business, showing that each of these businesses
benefited from the synergies derived from being part of the Group.


Gross profit is also expected to show significant growth (approx 70 times) from
the previous year to approximately US$12.1 million, with gross profit margins
expected to be over 50%, compared to 8% the previous year. The Company also
expects to show large reductions in EBITDA losses and loss before tax.


At an operational level, the Group is now divided into three businesses:


   *Direct Response TV - the distribution of products directly to consumers
    through the medium of infomercials. The Group launched a number of products
    during 2007 and has a pipeline of products at different stages of
    development for 2008 and beyond;


   *Home Shopping - the supply of products to TV home shopping channels for
    sale on live TV. The Group now supplies channels in the major home shopping
    markets in North America, Europe and North Asia. Customers include HSN (US),
    QVC (UK, Germany and Japan), Ideal World (UK), TSC (Canada) and TF1
    (France); and


   *International Wholesale - the sourcing and supply of home shopping
    products to third party home shopping operations, as well as to Reliant and
    Famous Discoveries.


Commenting, Steven Goodman, Executive Chairman, said:


"A lot of progress was achieved in the year. The improvements, and the traction
secured towards the Group's strategic direction, took place during the initial
investment period of integration of the new businesses, the development of the
Group's distribution capabilities and customer base, and the establishment of a
pipeline of new products and projects. After the progress made in 2007, the
Board believes that the Group is well placed to continue moving ahead in 2008."


The preliminary results are expected to be announced at or around the end of
April 2008.



2 April 2008


For further enquiries contact:


Steven Goodman,
Executive Chairman, ResponzeTV PLC
+61 400 83 5555


Bobbie Hilliam,
Evolution Securities Limited
Tel: +44 207 071 4300



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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