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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 Jul 20074:04 pmRNSShare Option Grant
13th Jul 200712:06 pmRNSResult of AGM
13th Jun 20077:01 amRNSFinal Results
5th Jun 20076:22 pmRNSLoan Facility - Correction
5th Jun 20074:49 pmRNS.1 million Loan Facility
22nd May 200712:54 pmRNSResult of EGM
24th Apr 200710:10 amRNSNotice of EGM
22nd Dec 200612:01 pmRNSTotal Voting Rights
18th Dec 20064:09 pmRNSPlacing of Shares
28th Sep 20067:01 amRNSInterim Results
27th Jun 200611:14 amRNSAGM Statement
10th May 200612:37 pmRNSShare Option Grant
25th Apr 20067:02 amRNSPreliminary Results
18th Apr 20067:00 amRNSNotice of Results
12th Jan 20063:59 pmRNSDirector's share purchase
11th Jan 20067:00 amRNSTiscali Partnership
9th Dec 20053:40 pmRNSIndustry Award
9th Sep 20052:54 pmRNSFORscene Upgrade
5th Sep 20054:20 pmRNSDirectorate Change
2nd Sep 20057:00 amRNSInterim Results
30th Jun 20055:23 pmRNSDirectorate Change
10th Jun 200511:16 amRNSAGM Statement
3rd May 20053:05 pmRNSShare Option Grant
29th Apr 20052:19 pmRNSDirector Shareholding
29th Apr 200512:51 pmRNSEGM Statement
25th Apr 20053:14 pmRNSDirector Shareholding
22nd Apr 20055:26 pmRNSDirector Shareholding
20th Apr 200511:27 amRNSDirector Shareholding
14th Apr 20057:00 amRNSFinal Results
13th Apr 200511:00 amRNSNotice of EGM
23rd Mar 20057:00 amRNSNotice of Results

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