Adams Regulatory News (ADA)

11 Mar 2005 12:22

DawMed Systems PLC11 March 2005 FOR IMMEDIATE RELEASE 11 MARCH 2005 DAWMED SYSTEMS PLC ("DawMed" or "the Company") AGM STATEMENT At today's Annual General Meeting of DawMed Systems plc ("DawMed" or "theCompany"), the medical devices company which designs, manufactures, sells andservices washer-disinfector-dryers ("WDD") used by NHS Trust hospitals, privatehospitals and clinics, the Executive Chairman, Kevin Gilmore, commented: "I am pleased to report that, in line with my December year-end Statement, everyDivision of your Company is indicating significantly improved levels of businesscompared with 2004, which I anticipate will lead to a return to profitabilitythis year. "The Board has continued to concentrate on the Company's current and futuregrowth areas; namely Wassenburg flexible endoscope WD products, the SupportServices Division and the 'Clinic' bench top WDD. These three important areasare seen by the Board as the key drivers to the future growth and profitabilityof the business on which it intends to concentrate the Company's resources, butthe traditional business Division of large WDDs for the Sterile ServicesDepartments ("SSD") of hospitals is also showing a welcome increase comparedwith 2004. "It has been a highly active period so far. In the first five months of thisyear alone, the Board has demonstrated the strength of its management team andbusiness performance through a successful fundraising of £260,000 gross,predominantly for marketing the 'Clinic' and for working capital, followed bythe awards of two significant Hospital Trust contracts with a combined valueexceeding £1 million, one of which represents your company's largest singlecontract to date comprising traditional SSD Division WDDs. "Moreover, following our announcement that your company had receivedconfirmation of its Preferred Supplier Status award by the NHS for its 'Clinic'Primary Care bench top WDD in England, the Directors received a noticeable andencouraging level of positive interest when it exhibited the 'Clinic' at theArab Health Exhibition, the Middle East's largest healthcare exhibition, inDubai. "The focus is now on the achievement of a good return on the past investments inall Divisions of the Company and the optimisation of the existing and newlyemerging areas of application of the 'Clinic' bench top WDD from the platform ofyour Company's healthy and established organisation and infrastructure." All resolutions proposed at the Annual General Meeting were duly passed. ---ENDS--- Enquiries: DawMed Systems plc Tel: 1789 450075Kevin Gilmore, Executive Chairman Beaumont Cornish limited Tel: 020 7628 3396Roland Cornish Bishopsgate Communications Limited Tel: 020 7430 1600Maxine BarnesDominic Barretto For further information please visit DawMed's website at www.dawmed.com This information is provided by RNS The company news service from the London Stock Exchange