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AGM Statement

29 Jun 2010 11:00

RNS Number : 4044O
Forbidden Technologies PLC
29 June 2010
 



29 June 2010

Forbidden Technologies plc

 

(AIM: FBT)

 

("Forbidden" or the "Company")

 

AGM Statement

Forbidden Technologies Chairman, Vic Steel, will make the following comments regarding current trading at the 2010 Annual General Meeting to be held today at 11.00am.

"Before addressing the formal motions of today's meeting, I would like to give a brief update on progress of the Company.

"In the broadcast post-production market we are enjoying continued growth in the number of productions using FORscene. We have been involved in more than three times as many productions than we were in the same period a year ago, and our technology is being used by more big production companies.

"Yesterday's EditShare partnership announcement is a significant example of the implementation of our stated strategy and the Company's ability to partner with well established organisations in a variety of market segments. EditShare will integrate FORscene into its product offering, giving it a competitive advantage, and giving FORscene access to many of EditShare's numerous broadcast clients across North America and Europe.

"In the Professional News market we are about to enter a pilot scheme with a major international group. This is currently under a Non Disclosure Agreement.

"Consistent with our strategy of partnership development we are at an advanced stage of discussion with a number of large international systems integrators. In each case FORscene would be integrated into a much larger system being marketed internationally.

 

"Since the end of December 2009 we have issued 525,000 new shares to t1ps Smaller Companies Growth Fund, which have brought in additional funds to the business, as well as increasing liquidity to the benefit of our shareholders. Furthermore, during the period a number of Forbidden's Executives have been invited to be speakers on the subject of both our technology and its position as a true cloud based video platform. This exemplifies a growing interest in cloud computing and the recognition of Forbidden as a leading industry commentator on the subject.

"We look forward to continuing growth as FORscene becomes increasingly recognised as a leading cloud-based video platform."

 

 

 

-Ends-

For more information, please visit www.forbidden.co.uk or contact:

 

Forbidden Technologies plc:

Pete Burns +44 (0)20 8879 7245

 

Bishopsgate Communications

Gemma O'Hara/Siobhra Murphy +44 (0)7917 042 335

 

Brewin Dolphin Corporate Advisory & Broking Neil Baldwin, Nominated Advisor +44 (0) 845 213 4726

 

 

 

Notes to Editors

 

Forbidden Technologies plc

 

Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.

 

Forbidden develops and markets a powerful internet video platform, FORscene, which is used by broadcasters, in professional web video, in education and by consumers. FORscene is one of the world's most advanced browser-based applications, operating in The Cloud.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGMPGUQPQUPUURB
Date   Source Headline
13th Jun 20137:00 amRNSFORscene used on The Voice UK by Wall to Wall
3rd Jun 20137:00 amRNSContract win
20th May 20137:00 amRNSForbidden supports Atos South Africa launch
26th Apr 20132:19 pmRNSGrant of share options
25th Apr 20134:13 pmRNSResult of AGM
5th Apr 20133:49 pmRNSNotice of AGM
28th Mar 20134:20 pmRNSTotal voting rights
27th Mar 201311:19 amRNSDirector's dealing
25th Mar 20137:00 amRNSForbidden partners with EVS
20th Mar 20137:00 amRNSKey Code Media signs FORscene contract for USA
5th Mar 20137:00 amRNSExercise of Option
4th Mar 20137:00 amRNSContract win
25th Feb 20137:00 amRNSFinal Results
11th Feb 20137:00 amRNSForbidden formalises agreement with Atos
1st Feb 201312:00 pmRNSAppointment of Nominated Adviser
29th Jan 20137:00 amRNSForbidden to present at Investment Forum
16th Jan 20137:00 amRNSTrading update
11th Dec 20127:00 amRNSExercise of option
29th Oct 20127:00 amRNSChange of Name of Nominated Adviser
8th Oct 20127:00 amRNSEnvy installs additional FORscene Server
10th Sep 20127:00 amRNSFORscene to be hosted by Atos in South Africa
3rd Sep 20122:59 pmRNSTotal Voting Rights
28th Aug 20127:00 amRNSRapid Pictures chooses FORscene
21st Aug 20122:05 pmRNSAward of share options
20th Aug 20127:00 amRNSSports Update
7th Aug 20127:00 amRNSExercise of options
6th Aug 20127:00 amRNSExercise of option
31st Jul 20127:00 amRNSExercise of option
24th Jul 20127:00 amRNSHalf Yearly Report
16th Jul 20127:00 amRNSEnters corporate market with Pegasus Works
11th Jul 20127:00 amRNSHalo chooses FORscene platform
9th Jul 20127:00 amRNSLion Television's Glasgow facility adds FORscene
2nd Jul 20127:00 amRNSFORscene wins major sports deal with YouTube
18th Jun 20127:00 amRNSFORscene wins sports deals
9th May 20127:00 amRNSAward of share options
27th Apr 201212:16 pmRNSResult of AGM
27th Apr 20127:00 amRNSAGM Statement
26th Mar 20127:00 amRNSFinal Results
13th Feb 20127:00 amRNSFORscene to showcase latest features at BVE 2012
1st Feb 20127:00 amRNSChange of Adviser
30th Jan 20127:00 amRNSTechtel distributes FORscene into SE Asian market
23rd Jan 20127:01 amRNSChange of Broker
16th Jan 20127:00 amRNSTrading Statement
9th Jan 20127:00 amRNSGorilla Group chooses FORscene
19th Dec 20117:00 amRNSDirector's dealing
14th Dec 20117:00 amRNSDirector/PDMR Shareholding
12th Dec 20117:00 amRNSForbidden licenses FORscene to YouTube
10th Oct 20117:00 amRNSDirector/PDMR Shareholding
7th Oct 20117:00 amRNSDirector/PDMR Shareholding
20th Sep 20117:00 amRNSInterim Results

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