Arcontech Group Regulatory News (ARC)

28 Nov 2005 07:00

Knowledge Technology Solutions PLC28 November 2005 RNS Release 28 November 2005 AGM statement Knowledge Technology Solutions PLC ('KTS'), provider of professional financialinformation services, will hold its Annual General Meeting at 9.00am today atwhich Chief Executive Marc Pinter-Krainer provides the following update oncurrent developments. Dr. Marc Pinter-Krainer says: Since we reported our full-year results on 12th October 2005, we have madeprogress on additional revenue-enhancing initiatives. From constant contact with our customer base of financial institutions, there isa clearly discernible trend for financial professionals to spend more time withclients and less time at their desks monitoring market moves. Accordingly, we see significant growth opportunities to deliver ourMarketTerminal service to handheld devices such as Blackberries, other populartypes of PDA and to the growing number of laptops fitted with the appropriatewireless connectivity. Users can already subscribe to receive MarketTerminal onPDAs running the Microsoft Pocket PC operating system and the Blackberryhandheld. Our goal is to offer the best 'one-stop solution' for mobile financialinformation, and we are in discussions with mobile network operators and otherhardware suppliers to extend our presence in the mobile market data space. Using the advantages of our technology to organise and display both live andhistoric financial data in an easy to understand manner on individual desktops,we are exploring opportunities to help financial institutions integrate theirinternal data and research with exchange information. This approach would provide a possible route to supplying a fully-integratedMarketTerminal display application, with clients subscribing to exchange data inaddition to being able to view their own internally-generated information. Webelieve that this type of data interface service offers significant revenuepotential. From 1st January 2006, we will be integrating our live market data service underthe single MarketTerminal(R) brand. This will have a number of benefitsincluding a clearer brand identity. Not only will we be able to tailor ourservices more precisely to each customer's needs, it will also provideopportunities to increase the average revenue per user (ARPU). Dr Marc Pinter-Krainer Neil Boom/Rosemary AcfieldKnowledge Technology Solutions PLC Gresham PR Ltd.020 7256 2300 020 7404 9000 This information is provided by RNS The company news service from the London Stock Exchange