Arcontech Group Regulatory News (ARC)

19 Feb 2007 07:01

Knowledge Technology Solutions PLC19 February 2007 RNS Release 19 February 2007 Board appointments Knowledge Technology Solutions PLC ('KTS' or 'the Company'), providers ofprofessional market information services in the finance sector, is pleased toannounce the board appointments of two directors with immediate effect. RichardLast has joined the Company as Chairman and Non-Executive Director and LouiseBarton as a Non-Executive Director. Richard Last, 49, has over 15 years' senior experience in informationtechnology, having worked at board level for a number of publicly quoted andprivate companies operating in this sector. Currently, he is Chairman and ChiefExecutive of Lynx plc, a privately-owned provider of technology infrastructureand mobile data solutions. Until February 2002 Lynx plc was part of the LynxGroup plc, a fully-listed IT services, software and financial services group.Richard sits on a number of other boards including Patsystems plc, an AIM quotedprovider of solutions for futures trading and exchange systems and is Chairmanof Xpertise Group plc, an AIM quoted IT training company . Louise Barton, 56, has more than 26 years' experience as an investment analyst.Louise's background embraces a high profile City career, including having heldsenior positions with fund management group Prudential Portfolio Managers andstockbrokers CCF Laurence Prust and Investec Securities. The Company, which recently raised £1.8 million in additional working capital,is pursuing a new growth strategy aimed at building a broader, higher marginrevenue base through a combination of further internal product development andselective acquisitions. The new initiatives leverage the strength andflexibility of KTS's proven application technology to target marketopportunities within investment banks and to address the market requirementsarising from the planned introduction of the Markets in Financial InstrumentsDirective, MiFID. These additional initiatives reduce the Company's dependencyon revenues derived solely from its live market data subscription services. Dr Marc Pinter-Krainer, Chief Executive of KTS PLC, said: "We are delighted to welcome Richard and Louise to the board of KTS. BothLouise and Richard are fully appraised and supportive of the Company's newgrowth strategy. As seasoned operators in the IT sector and the City, I amconfident that their practical approaches will be important in helping KTSdeliver the maximum returns on our investment in our new MiFID andMarketTerminal ON-SITE solutions." Louise Maxwell Barton does not have any current or former disclosabledirectorships. Mrs. Louise Barton and her husband, Mr. Brian D. Newman,currently hold in aggregate 26,820,000 ordinary shares of 0.1 pence each in theCompany representing approximately 8.07 per cent. of ordinary issued sharecapital. Richard Last currently holds 2,500,000 shares in the Company. His current andformer directorships are set out in appendix 1 in accordance with Paragraph G ofSchedule 2 to the AIM Rules. Save as disclosed in Appendix 1 there are no otherdisclosures are to be made for the purpose of that Schedule. Enquiries, please contact: Dr Marc Pinter-Krainer Neil BoomKnowledge Technology Solutions PLC Gresham PR Ltd.020 7256 2300 020 7404 9000 Barrie NewtonCorporate Synergy Plc01225 424 666 Appendix 1 - current and former directorshipsDirector's full name Richard Last Current directorships Lynx Plc British Smaller Companies VCT plc British Smaller Technology Companies VCT 2 plc Xpertise Group plc Xpertise Training Limited Sphinx CST Networks Limited APD Communications Limited Sphinx Professional Services Limited Orsted Limited Lynx Computer Services Limited Lynx Holdings Limited Lynx IT Communications Limited Lynx Overseas Investments Limited Lynx Technology Limited Lynxserv Limited Overseas 110 Limited Sphinx 110 Limited Sphinx Group Limited Sphinx CST Limited Switch Networks Limited FS (UK) Limited Patsystems plc Signal Limited Sphinx CST (Ireland) Limited Power Education Limited APD Mobile Data Limited Lihnet Limited Lynx Financial Systems Ply Limited Quantix Limited Quantix Holdings Limited APD-s.COM Limited Transient 110 Limited* Former directorships (past 5 Ascent Limitedyears) Bandhold Limited Bankhall Investment Management Limited Tamesis Limited Broomco (2248) Limited IFAengine Limited Level V Distribution Limited Lynx Commercial Systems Limited Bankhall Network Limited Lynx Tesoft (UK) Limited Apex Computers Limited Ascent Technology Limited Bewley Carlaw Computer Systems Limited Crownline Computers Limited Cavanagh Group plc Red Town Limited Tietonator Attentiv Systems Limited Lynx Financial Systems Limited Lynx Financial Systems (UK) Limited British Smaller Technology Companies VCT plc** Lihnet Limited Lynx Nominees Limited Lynx Publishing Limited Lynx Quest Trustee Limited IFA Holdings Company Limited Lynx Group Limited NMM Limited Lynx Wealth Management (Guernsey) Limited Lynx Wealth Management (IOM) Limited Lynx Wealth Management Systems Limited Lynx Financial Systems (Cayman) Limited WINIT Limited Avenue Specialist Systems Limited Open Specialist Systems Limited Lynx Financial Systems Limited * Transient 110 Limited is currently in a members' voluntaryliquidation following a group reconstruction. ** British Smaller Technology Companies VCT plc went into liquidationfollowing a transfer of assets to B-S-T-C VCT 2 plc Richard Last represented the Lynx Group on the board of Crown Products Group Plcfor a period to May 1997. Subsequently, in January 1998, Crown Products GroupPlc went into receivership. Notes to Editors About Knowledge Technology Solutions PLC Knowledge Technology Solutions PLC is an innovative provider of financial marketdata application services and the company is listed on AIM, a market operated bythe London Stock Exchange (ticker symbol: KTS). Utilising its proprietary advanced technologies, KTS focuses on developing andproviding real-time market data services to the financial marketplace bydelivering essential market data and news via more cost-effective communicationschannels. KTS differentiates itself from other leading information providers as itsservices are technology driven. They are designed to run on standard PCs andlaptops without the need for any installation of dedicated hardware, software orinfrastructure, as the application runs on the server side on powerful clustersof highly resilient and secure servers. Financial professionals can log on to KTS's services by using a standardInternet connection from any geographical location across fixed and wirelessnetworks. KTS's "zero-client" application service requires no client-sidecomponents and upgrades are automatic. Other benefits include flexibility andcost savings in support and maintenance using any market data infrastructure.More than 130 client organisations currently subscribe to KTS's financialinformation service KTS MarketTerminal. This information is provided by RNS The company news service from the London Stock Exchange