Altitude Group Regulatory News (ALT)

29 Jan 2007 07:01

Dowlis Corporate Solutions plc29 January 2007 Date: 29th January 2007On behalf of: Dowlis Corporate Solutions PLC ("Dowlis" or "the Company")Embargoed until: 0700hrs Dowlis Corporate Solutions PLC • Trading Update Dowlis Corporate Solutions plc, the marketing, information and logisticssolutions business is pleased to make the following trading update prior to theannouncement of its annual results for the 12 months ended 31 December 2006,which is expected to take place on 29th March 2007. The board remains confident that decisive short-term actions executed during2006 and adherence to our focused strategy has ensured that the businessperforms in line with market expectations, and is in a position to takeadvantage of the future benefits of the lower cost base now in place. The business is split into three distinct divisions: Promotional Merchandise,Information Services and Industry Software. The directors are encouraged byincreasing numbers of PromoServe subscriptions and look forward to furthergrowth of the Trade Only Information Services business throughout 2007. - ENDS - Enquiries: Dowlis Corporate Solutions plc www.dowlis.comMartin Varley (Chief Executive) 0870 224 6677 Redleaf Communications Emma Kane/Sanna Lehtinen 020 7822 0200 Corporate Synergy PLCRhodri Cruwys 020 7448 4400 Zeus CapitalAlex Clarkson 0161 831 1512 Notes to Editors: • Publication quality photographs are available via Redleaf. • Dowlis has an experienced Board which comprises: Colin Cooke, Chairman, who has 21 years' experience as a public company director; Martin Varley, Chief Executive Officer, who has 17 years' experience in the promotional merchandise industry and has gained an extensive knowledge of the supply and distribution sectors of the market; Barrett Bedrossian, Finance Director, formerly finance director of Exley Publications Ltd prior to which he spent 14 years at a subsidiary of 4imprint PLC; Craig Slater, Non Executive Director, currently a Director of RTS prior to which he was finance director and then Chief Operating Officer of 4imprint PLC; and, Keith Willis, Non Executive Director, who was awarded a lifetime achievement award from PROMOTA in recognition of his 30 years' contribution to the industry. • It is estimated that the annual UK market for promotional merchandise is £1 billion (source: PROMOTA), which comprises approximately 2,000 distributors supported by 600 UK based suppliers of a wide range of products and services. • The Group currently has three primary sales channels: Promotional Products - the Directors believe Dowlis is the second largestdistributor of promotional products in the UK. It sources products from aroundthe World which are then personalised in accordance with the client's brand anddesign guidelines in support of their wider marketing campaigns. In addition,AdProducts.com - are suppliers to independent distributors via an annualcatalogue, exhibition and website. AdProducts.com receives orders fromapproximately 25 per cent of the UK's distributors who access the product whichis personalised with company details using the in house print facility. Information Services - Trade OnlyTM is the leading information resource for theUK promotional product industry. The www.tradeonly.co.uk site contains detailsof over 10,000 products, and is accessed by over 4000 registered users. Inaddition, Trade OnlyTM hold two exhibitions and a roadshow where suppliers meetdistributors to show their latest products. Industry Software- is the leading provider of software by number of users to theUK promotional product Industry. There are three key offerings aimed at therelated markets of Print Management, Office Supplies and Promotional Products,with the software 'sold' on a monthly fee basis. Users benefit from a data feedthat is provided by Trade OnlyTM providing detailed information on products,pricing and supplier details. This information is provided by RNS The company news service from the London Stock Exchange