Blackbird PLC Regulatory News (BIRD)

27 Jun 2006 11:14

Forbidden Technologies PLC27 June 2006 27 June 2006 Forbidden Technologies plc AGM Statement At today's AGM, Vic Steel, Chairman of Forbidden Technologies plc (AIM: FBT),made the following comments: I am pleased to report that good progress is being made by your company. Salesin the first half of the year will be ahead of the whole year of 2005. At ourrecent monthly strategy review the board adjusted further the balance ofemphasis and resources to concentrate effort behind FORscene. With severalbroadcasters continuing to evaluate FORscene for logging, review, shot selectionand assembly editing, the board sees FORscene's role in post-production as thebiggest opportunity for profitable revenue in the near future. Several members of the broadcast community are undertaking fundamental reviewsof their processes and workflow and are considering how to use FORscene to itsbest advantage in the post-production process. In the meantime we have beenawarded repeat business from a number of major production companies in thebroadcast area. Our distributors in Canada and the Nordic area are also making good progress.Ryerson University in Toronto is planning to trial FORscene in the autumn andthe Technicolor company is planning to use FORscene for review purposes with itsmany customers. In Sweden, our distributor is planning a launch of our consumerversion in the autumn. As more and more members of the broadcast and video production communities areexposed to FORscene, it is gratifying to see the interest level grow aspotential users recognise the lower cost of FORscene and the value of its remotecollaborative features. This was particularly noticeable at last week'sBroadcast Live show. The board has confidence that FORscene has the potential to become an industrystandard product in the post-production world. Enquiries: Forbidden Technologies plc 020 8879 7245 Stephen Streater, Chief Executive Greg Hirst, Business Development Director College Hill 020 7457 2020 Corinna Dorward/Adrian Duffield This information is provided by RNS The company news service from the London Stock Exchange