AVS.L Share News (AVS)

FFastFill, the AIM-listed Software as a Service (SaaS) provider to derivatives markets, has announced that R.J. O'Brien & Associates has signed a deal for its front office trade execution and management suite, Trading Pro, is to be deployed within Europe and the US. In a statemnent FFastFill said: "This is a very significant contract win for FFastFill. FFastFill is delighted to be working with a firm like RJO - one of the most respected names in the futures industry."Nasstar, which describes itself as a cloud services provider, has announced that since the start of 2012 it has increased the number of users on its Hosted Desktop service by over 150 subscribers. These users have come from a number of new customers signed to contracts with Nasstar's distribution partners. Charles Black, Chief Executive Officer of Nasstar, said: "We will continue to work closely with our distribution partners to ensure that we continue to increase our subscriber base and promote our cloud services." Leisure good firm SocialGo has released a statement acknowledging the recent share price movement and said it is "not aware of any price sensitive information that needs to be released to the market". The share price has climbed over 60% in the past week, equivalent to 0.55p. Avesco Group, a provider of services to the corporate media markets, has posted a rise in revenue on a like-for-like basis for the three months ended December 31st. Revenue rose from £30.5m to £33.6m, while profit was £0.1m compared to breaking even the same period the previous year. Adjusted basic losses per share were 1.2p (2010: 1.4p). "Trading since the start of the second quarter remains positive and, as we progress through the year, the benefits of the considerable investment we have made should begin to flow through into much improved financial results," the firm said. Concha, an investment vehicle previously known as Hot Tuna, has agreed a short term loan facility of up to £0.75m with Churchill Media. The loan is repayable on demand and has a maximum duration of 10 months, with interest 6% above LIBOR. "By entering into this loan facility with CML we believe we will receive a better return on our cash than simply leaving the money on deposit whilst we actively pursue strategic acquisition opportunities on behalf of Concha's shareholders during the term of the loan," the company said. Top Level Domain, a company focused on acquiring and operating new generic top-level domains, has announced that Minds + Machines, its majority owned registry services business, has been appointed by the German state of North Rhine-Westphalia to manage the dot NRW top level domain application and ongoing management of the dot NRW domain. The technical back-end for the dot NRW domain has been sub-contracted by Minds + Machines to Knipp Medien und Kommunikation, an experienced domain services company based in North Rhine-Westphalia. NextGen Group, a provider of biomarker discoveries services and diagnostic assay development, has announced that its subsidiary, NextGen Sciences, has filed for intellectual property (IP) on a combination of protein biomarkers with the potential for diagnosing changes in cognition for patients with early-stage dementia. "The biomarkers we have identified in cerebrospinal fluid (CSF) have the potential to aid decision-making on how to treat patients who have early-stage dementia, to assist in patient selection for clinical trials and to monitor the effectiveness of drugs in development. It gives us an immediate foothold in a critical healthcare market," the firm said. Walker Crips, a financial services firm, has entered into an agreement with Liontrust Asset Management, to purchchase the entire issued share capital of Walker Crips Asset Managers (WCAM) for a total consideration of £12.348m. WCAM increases Liontrust's assets under management by £604m. As at March 12th, the aggregate value of the consideration receivable from Liontrust in respect of the disposal was £12.3m. Low Carbon Accelerator announces that it has invested a further $1 million (approx. £635,000) in Lumenergi, Inc. ("Lumenergi") in the form of equity as part of a larger funding round of $5.2 million, alongside other existing investors. At the same time, $800,000 of the outstanding convertible loan, of which LCA invested $200,000, has also converted into equity at the close of this funding round. The funding will provide Lumenergi with additional working capital in order to deliver the forecast sales growth from its intelligent lighting solutions and take it through to profitability.NR