ACC.L Regulatory News (ACC)

21 Feb 2007 07:01

Access Intelligence PLC21 February 2007 FOR IMMEDIATE RELEASE 21 February 2007 7:00am ACCESS INTELLIGENCE PLC ("Access Intelligence" or "the Group") PREMLIMINARY RESULTS ANNOUNCEMENT Thursday, 15 March 2007 Access Intelligence will be announcing preliminary results for the year ended 30November 2006 on Thursday, 15 March 2007. On the day the Group will be holdingan analysts' and private client brokers' meeting, the details of which are asfollows: Date: Thursday, 15 March 2007Time: 12.15 pm for 12.30 pmVenue: Corporate Synergy 30 Old Broad Street London, EC2N 1HT Jeremy Hamer (Chairman), Brendan Austin (Chief Executive) and Colin Davies(Finance Director) of Access Intelligence will present the results, the strategyand future prospects. For further information: Cubitt Consulting 020 7367 5100Brian Coleman-Smith / Leanne Denman / Allison Reid Background Note Access Intelligence is a Software and Computer Services group of companiesproviding business critical compliance and legislative driven services to bothpublic and private sectors on a recurring revenue basis. Since the flotation onAIM in November 2003, the Group has made three acquisitions all of which havegrown strongly since being acquired. The Group Today Access Intelligence is based in York with subsidiaries in York, in Stockport,Greater Manchester, Chorley, Lancashire and Newcastle upon Tyne. The company has two principal divisions which are: * Compliance software and services division: This includes a range of software including The Virtual Compliance OfficerTM which enables companies in the retail financial services sector to support their customer acquisition process whilst also ensuring that they comply with ever increasing regulations from the EU and the FSA. Our suite of sourcing and procurement software streamlines and reduces costs of tendering and contract management for both buyers and suppliers in the public and private sectors. The government has the objective that all public sector bodies comply with its directive to use methods such as electronic tendering for goods and services in order that it can meet its planned reductions in public spending. * Data storage back-up retrieval division: The architecture and provision of high availability systems for mission critical applications that enable customers' data to be available at all times in the event of computer failure. Online offsite data storage and retrieval Backup & RunningTM via secure data centres. Email archiving. There is an ever increasing compliance emphasis driven by initiatives such as Sarbannes-Oxley to ensure data is held appropriately and can be retrieved easily when required. The Business Model The Group's income strategy is to build repeating revenues delivered throughrecurring contracts ranging between one and five years. This model providesexcellent visibility of future revenues and, with effective customer retention,outstanding gross margins over the longer term. The Strategy for Growth The strategy is to acquire businesses which have good management and high growthpotential that fit the revenue model while, at the same time, adding value tothe Group's existing services. The businesses acquired will have substantial autonomy to develop within budgetsagreed with the Group Chief Executive and Finance Director, whilst benefitingfrom the experience and cross selling opportunities provided by being part of anexpanding group of companies. New companies to the group can take advantage ofback office facilities where appropriate thus enabling them to concentrate onthe core activities of customer acquisition, service delivery and productdevelopment. At this stage of the Group's development, the Central Group Executive Team,which is based in York, will be kept to a maximum of four people, includingsupport staff. The Non-Executive Directors will continue to be involved insourcing and evaluating potential acquisitions and monitoring the performance ofthe Group. This information is provided by RNS The company news service from the London Stock Exchange