Brady Regulatory News (BRY)

16 May 2005 14:00

At today's annual general meeting Graham Simister, Chairman of Brady plc("Brady"), will give the following update on trading:"As a result of the extra resources we have devoted to sales and marketing, wehave established our most extensive sales pipeline ever. Our pipeline includesa mixture of major Trinity implementations (of a scale similar to thoseundertaken for HSBC and Alcan in 2004) and smaller customers, including forexample, hedge funds interested in the Opval valuation tool.The directors believe that the expected outturn for this year as a wholeremains in line with the statement in our annual report, namely that we hope tosee revenues and profits in excess of 2004 levels. Sales of the Trinitysolution tend to have long lead times. The directors expect sales in 2005 to beweighted towards the second half of the year as they were in 2004.On product development, version 600 of Trinity is currently in beta testing andis on track for release across our existing customers in the third quarter.Version 600 will become our flagship product and the improvements inperformance will strengthen our position with existing client and drive newsales. The Opval product, acquired last year has continued to be developed withthe power and energy accepted by RWE and available for release to othercustomers.The Company currently has cash balances totalling approximately ‚£4.3m."ENDBRADY PLC