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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
30th Jun 20116:01 pmRNSTotal Voting Rights
17th Jun 201112:36 pmRNSResult of AGM
17th Jun 201111:00 amRNSAGM Statement
9th Jun 20117:00 amRNSExercise of Option
4th May 20112:49 pmRNSTotal Voting Rights
1st Apr 20117:00 amRNSExercise of options
31st Mar 201110:18 amRNSTotal Voting Rights and Capital
31st Mar 20117:00 amRNSFinal Results
3rd Mar 20117:00 amRNSExercise of Option
31st Jan 201110:41 amRNSTotal Voting Rights
28th Jan 201110:08 amRNSExercise of Option
26th Jan 20117:00 amRNSExercise of Option
25th Jan 20117:30 amRNSSystems integrator update
25th Jan 20117:00 amRNSAgreement with global systems integrator
2nd Dec 20107:00 amRNSFORscene Cloud added by Siemens in India
8th Nov 20107:00 amRNSShare Option Grant
29th Oct 20103:28 pmRNSTotal Voting Rights
29th Oct 20107:00 amRNSLoan Repayment
15th Oct 20107:00 amRNSDirectors Dealing
14th Oct 20107:00 amRNSForbidden raises ?1.6m via institutional placing
8th Oct 20107:00 amRNSExercise of Option
1st Oct 20107:00 amRNSExercise of option
27th Sep 20107:00 amRNSInterim results for the six months to 30 June 2010
22nd Sep 20107:00 amRNSNotice of Interim Results & Analyst Presentation
13th Sep 20107:00 amRNSFORscene Cloud hosted by Siemens in South Africa
8th Sep 20107:00 amRNSEnvy chooses FORscene
6th Sep 20107:00 amRNSSmartphone prototype of FORscene
31st Aug 20107:01 amRNSFORscene to output HTML5
25th Aug 20107:00 amRNSFORscene used on 'The Unforgettables'
17th Aug 20107:00 amRNSFORscene used in prime time series, The Hospital
12th Aug 20107:00 amRNSFORscene used in IBC TV News
10th Aug 20107:00 amRNSFORscene used in Sky1 HD production
4th Aug 20107:01 amRNSRenegade Pictures uses FORscene
30th Jul 20107:00 amRNSTotal Voting Rights
28th Jul 20108:07 amRNSDirectors Dealing
27th Jul 20103:17 pmRNSOption Agreement
26th Jul 20107:00 amRNSLoan Repayment
23rd Jul 20103:20 pmRNSExercise of Option
8th Jul 20107:00 amRNSExercise of Option
7th Jul 20107:00 amRNSTotal Voting Rights
6th Jul 201010:57 amRNSShare Option Grant
30th Jun 201012:44 pmRNSExercise of Option
29th Jun 20101:49 pmRNSResult of AGM
29th Jun 201011:00 amRNSAGM Statement
28th Jun 201011:07 amRNSForbidden Technologies partners with EditShare
4th Jun 20104:25 pmRNSExercise of option
28th May 20107:49 amRNSTotal Voting Rights
27th May 20107:00 amRNSFinal Results
26th May 20105:24 pmRNSExercise of Option
25th May 20103:31 pmRNSExercise of Option

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