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Grafenia Says Trading Has Met Its Hopes Since November

Thu, 16th Jan 2014 11:11

LONDON (Alliance News) - Grafenia PLC Thursday said trading has continued in line with its revised internal expectations since its last update at the start of November, with sales of its key product gaining momentum.

In a trading update, the company which used to be called Printing.com said sales of its software as a service web-to-print product, W3P, have gained momentum with over 50 new users adopting the product during calendar 2013.

It said it has now completed master license agreements in New Zealand and the US, replacing legacy deals and giving its partners access to the full range of Grafenia's software as a service functionality. It said it remains cautiously optimistic that a number of other international deal will complete in the near future.

It intends to give another trading update April 7.

AIM-listed Grafenia's shares were up 9.4% at 14.50 pence Thursday morning.

By Steve McGrath; stevemcgrath@alliancenews.com; @stevemcgrath1

Copyright 2014 Alliance News Limited. All Rights Reserved.

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