ADVFN Regulatory News (AFN)

6 Dec 2005 12:30

ADVFN PLC06 December 2005 6 December 2005 ADVFN AGM statement At the Company's AGM held earlier today on 6th December, the Managing Directorof ADVFN, Clem Chambers, made the following statement: "2005 has been an exciting year which has seen a significant transformation ofADVFN. While the ADVFN financial website retains its leading position in the UKand Europe, it has broadened its offering and its reach with a series ofdevelopments ranging from the inclusion of a wide variety of data to thecreation of joint ventures in Japan and Brazil. ADVFN Japan, which has raised funding of 500,000,000 yen, is a significantopportunity and a good example of the value of below-the-line developments thatwe believe will begin to impact in the calendar year 2006. Additionally All IPO,Cupidbay and Fotothing have all added significantly to the intrinsic value ofthe company. As a group ADVFN is now generating more than 1,000,000 registrations a year;more than 300% growth on 2004 levels. This makes the company a significantaggregator of audience, a key metric in the blossoming Web 2.0 paradigm. With progress on all fronts we see 2006 as being a very important year for ADVFNand we are looking forward to pressing home the advantages we have beencarefully building" This information is provided by RNS The company news service from the London Stock Exchange