Assetco Regulatory News (ASTO)

31 Jul 2007 07:01

AssetCo PLC31 July 2007 Immediate Release 31 July 2007 AssetCo plc ('AssetCo' or the 'Company') Annual General Meeting Statement AssetCo plc, (AIM : ASTO) a leading support services group to the UK Fire andRescue Authorities, wishes to update the market on current trading and prospectsahead of its Annual General Meeting which will be held at 11.30am today. Updating shareholders on current trading, Tim Wightman, Chairman of AssetCo,said: "This is the first AGM of the Company since AssetCo joined AIM via the reversetakeover of AssetCo Group Limited by Asfare Group plc in March 2007. As statedat the time of our results in late June trading in quarter one was ahead of theBoard's expectations. In the Emergency Services Division the current bidpipeline currently has a potential life value of c. £600m over 20 years with 8FRAs in advanced stage of evaluation for outsourcing. The Emergency EquipmentDivision continues to benefit from the opportunities created by the takeover. "In-line with our strategic plan, we are continuing to investigate a number ofopportunities to grow the business further and build upon our leading positionwithin our markets not only organically, but also by means of acquisitions,which would enable us to further broaden and strengthen our client base. "The Board looks forward to the remainder of the year with confidence." For further information please contact: John Shannon: Chief Executive OfficerAssetCo Plc 020 85153999 Tim Anderson / Isabel PoddaBuchanan Communications 020 7466 5000 This information is provided by RNS The company news service from the London Stock Exchange