Trading Statement
April 06 2004 - 2:00AM
UK Regulatory
RNS Number:3845X
Market Age PLC
06 April 2004
Press Release
Embargo 07h00 6 April 2004
The Market Age plc ("The Group")
Trading Statement
The Board of the Market Age plc ("the Company") issued the following trading
statement today, 6 April 2004.
For the year ended 29 February 2004 the Company achieved total revenues in
excess of of #400,000 with the second half showing a 50% increase over the
first half (Full year 2003: #241,000). This revenue figure includes only two
months' benefit of the significant contract recently announced in the 2003/4
financial year. The present level of contracted revenues means that the company
is now operating on an EBITDA break-even basis.
Further, the company is pleased to announce that the implementation of its
service on Bloomberg went live, on schedule, on 2 April 2004 and marketing
initiatives are now in progress with the first stages in London and New York
expected to complete during April.
The company is also pleased to report that the first full month of provision of
its trading advisory service to Forex Capital Markets LLC generated a real cash
return of approximately 42% against trading margin employed. Whilst it is still
early to forecast potential revenues from this collaboration, the directors are
encouraged by these initial stage results.
Finally, the directors have noted last week's press release and beta product
release by Google, Inc. of a web-based email service which has the working title
of "Gmail" and which is accredited on the Google website with a "TM" suffix.
Pronet Analytics.com, having launched its own web-based e-mail service called
GmailTM in mid-2002 and having subsequently operated the service in some 80
countries, has as a consequence of the Google, Inc. press release, registered
its interest in the trademark with the US Patents and Trademark Office and is
seeking advice concerning the best policy for protection of this intellectual
property. GmailTM remains a key strategic tool in Pronet's strategic sales and
marketing plans.
The Board expect to issue the preliminary results for the year to 29 February
2004, following the audit, in June 2004.
- ends -
For further information please contact:
Shane Smith Shane.smith@pronetanalytics.com 07785 276 703
This press announcement has been issued by Insinger de Beaufort on behalf of The
Market Age plc
Insinger de Beaufort is a subsidiary of Bank Insinger de Beaufort N.V.
Authorised and regulated by the Financial Services Authority
Registered in England and Wales No. 2479169
This information is provided by RNS
The company news service from the London Stock Exchange
END
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