BSD.L Regulatory News (BSD)

15 Mar 2007 08:39

Emblaze Ltd15 March 2007 Emblaze Ltd Update on Trading 15 March 2007: Emblaze Ltd (Emblaze or "the Group") (LSE: BLZ), the wired andwireless telecom technologies group, provides a trading update ahead of theannouncement of its full year results to 31 December 2006 due in the second halfof April 2007. The Group expects to incur a net loss of not more than $10m for the year as aresult of an ongoing value added tax (VAT) dispute concerning HM Revenue &Customs (HMRC) that is currently impacting hundreds of companies within the UKmobile phone distribution industry. This has impacted the Group in two ways. Firstly, the Group has had to make asignificant provision for the potential loss of VAT refund in 2006. Secondly,the HMRC action has led to uncertainty in the mobile distribution market and asignificant slowdown in trading. The Company will provide a further update at the time of its full year resultsannouncement. Enquiries: EmblazeHagit Gal + 972 9 7699339 Corfin CommunicationsHarry Chathli, Neil Thapar +44 20 7929 8989 Note to Editors About EmblazeEmblaze Ltd is a group of companies sharing a common mission to provide telecomoperators with technologies, products and solutions for next generationservices: Emblaze Mobile, a new breed in handsets design and manufacturing;ZONE-IP a provider of IP technologies and owner of Emblaze VCON, a leadingprovider of wireless video communications technologies and conferencingsolutions for operators and enterprise markets over IP networks; OrcaInteractive (LSE: ORCA), provider of Interactive Television IPTV middleware forVideo On Demand (VOD) and broadcast services, aimed at Telecom, cable and xDSLoperators; Emblaze SmartContent, developer of highly advanced technology forContent-Push over wireless and IP networks to mobile devices and personalcomputers; emoze, a free global Push Email service for mobile devices that willpush send your Emails and PIM data to you anywhere and to any device and VisualDefence (LSE: VDI), a provider of wireless and IP video solutions for militaryand homeland security markets; Formula Systems Ltd (NASDAQ:FORTY), is a globalsolutions provider of technology, software and IT solutions fortelecommunications companies, operators and a wide range of sectors. The FormulaSystems companies are trading on NASAQ: Magic Software Enterprises (MGIC),Sapiens International Corporation N.V. (SPNS), BluePhoenix Solutions (BPHX). Thefollowing companies are dually trading also on the Tel Aviv Stock Exchange(TASE): Formula Systems, Magic, Sapiens, BluePhoenix and Matrix Emblaze Group is traded on the London Stock Exchange (LSE: BLZ) since 1996.www.Emblaze.com This information is provided by RNS The company news service from the London Stock Exchange