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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
6th May 20103:14 pmRNSExercise of Option
13th Apr 20107:00 amRNSForbidden launches multicam
9th Mar 20107:00 amRNSMolinare selects FORscene
1st Mar 20107:00 amRNSFORscene selected for ITV's 'Children's Hospital'
26th Feb 20107:00 amRNSFORscene enhances Air Post's production workflow
23rd Feb 20107:00 amRNSITV Manchester extends FORscene use
10th Feb 20107:00 amRNSForbidden partners with Brightcove
8th Dec 20097:00 amRNSFORscene web-based platform in tapeless production
30th Nov 20097:00 amRNSEndemol uses FORscene for new reality TV programme
23rd Nov 20097:00 amRNSCTVC uses FORscene on ITV shows
4th Nov 20098:50 amRNSITV Manchester uses FORscene
26th Oct 20097:00 amRNSEndemol uses FORscene for 'Dating in the Dark'
20th Oct 20097:00 amRNSClear Cut Pictures to use FORscene
11th Sep 20097:00 amRNSLaunch of Osprey Video Codec
10th Sep 20097:00 amRNSLaunch of FORscene HD
9th Sep 200910:26 amRNSLaunch of FORscene Server
8th Sep 200911:57 amRNSFORscene now supporting Serial Digital Interface
7th Sep 200910:11 amRNSSHARE TRANSFER COMPLETE
28th Aug 20094:01 pmRNSTotal Voting Rights and Capital
25th Aug 20091:52 pmRNSShare Option Grant
24th Aug 20093:31 pmRNSExercise of Option
20th Aug 20097:00 amRNSIBC News to use FORscene to syndicate news footage
13th Aug 20095:05 pmRNSExercise of option
12th Aug 20093:03 pmRNSIssue of Equity
10th Aug 20097:00 amRNSHalf Yearly Report
5th Aug 20093:01 pmRNSHolding(s) in Company
4th Aug 20093:32 pmRNSNotice of Results
3rd Aug 20094:41 pmRNSAppointment of PR Adviser
28th Jul 20097:00 amRNSIssue of Equity
26th Jun 200911:00 amRNSAGM Statement
26th Jun 200911:00 amRNSAGM Statement
14th May 20097:00 amRNSFinal Results
20th Apr 20097:00 amRNSPartnership Agreement
20th Jan 200912:39 pmRNSBIM
19th Jan 200911:59 amRNSDirector/PDMR Shareholding
29th Dec 200811:24 amRNSTrading Update
30th Sep 20087:00 amRNSInterim Results
5th Sep 200811:00 amRNSAGM Statement
30th Jul 20084:13 pmRNSDirector/PDMR Shareholding
23rd Jul 20085:10 pmRNSDirector/PDMR Shareholding
30th Jun 20083:05 pmRNSAnnual Report and Accounts
19th Jun 20083:59 pmRNSDirector/PDMR Shareholding
4th Jun 200810:09 amRNSFORscene in the US
4th Jun 20087:00 amRNSFinal Results-Amendment
3rd Jun 20087:00 amRNSFinal Results
9th Apr 20082:37 pmRNSStmnt re Share Price Movement
29th Jan 20089:15 amRNSChange of Address
27th Sep 20077:01 amRNSInterim Results
5th Sep 20077:01 amRNSLaunch FORscene DV
17th Aug 20073:36 pmRNSAIM Rule 26

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