Adams Regulatory News (ADA)

7 Sep 2006 07:03

Adamind Ltd07 September 2006 7 September 2006 Adamind Ltd ("Adamind or the Company") AGM Statement Adamind Ltd, a leading global supplier of media handling software in the mobilemessaging, content and convergence services markets, announces that at today'sannual general meeting, Shailendra Jain, chief executive, will make thefollowing statement: "As announced in our trading updates in June and August, the current year hasbeen very challenging. Despite Adamind's leading edge solutions and largecustomer base, revenue growth has stalled in the short term due to a marketslowdown. Consequently, 2006 full year revenues will be at a similar level orslightly above last year's result. Nevertheless, we believe that demand for MMS and mobile content consumption willcontinue to expand over the long term and the market opportunity facing Adamindremains large. Media adaptation plays, and will continue to play, a criticalrole in enabling MMS and other content services to be experienced by end-usersacross any network, device or delivery platform - be it MMS, email, mobiletelevision or content streaming. Given Adamind's long term growth prospects, balance sheet and quality multimediatechnology products and solutions, the Board continues to look to the futurewith optimism. Our pipeline of deals remains encouraging, which gives usconfidence that Adamind will return to revenue growth from next year." Enquiries AdamindShailendra Jain, CEO +1 650 646 2368 Corfin CommunicationsNeil Thapar, Harry Chathli +44 20 7929 8989 About Adamind Adamind (LSE: ADA) is a provider of software that enables mobile multimediacontent and converged communications services. The company addresses theinteroperability challenge that exists between different mobile devices toreceive and process media rich content. The Adamind Spire(TM)platform providesmedia adaptation and enhancement software enabling service operators tosuccessfully deploy messaging, content and next generation convergence services;generate new revenue streams; and drive key new value-added-services (VAS)enablers such as advertising, branding, DRM and anti-abuse support. With over110 deployments in some of the world's major mobile operator networks andcontent providers such as Universal Mobile Music, Adamind is strategicallypoised to enable the promise of the Mobile Lifestyle revolution. Adamind hasstrategic relationships with major infrastructure vendors and system integratorsincluding Ericsson, HP, IBM, Accenture, LogicaCMG, Motorola, Openwave, CriticalPath and CBOSS. www.adamind.com This information is provided by RNS The company news service from the London Stock Exchange