CBUY.L Regulatory News (CBUY)

24 May 2007 07:01

@UK PLC24 May 2007 Embargoed until 07:00 24 May 2007 @UK PLC ("@UK" or the "Company") AGM Statement @UK PLC (AIM:ATUK), a leading eMarketplace provider of eCommerce andeProcurement solutions, will issue the following statement at its AGM today: "@UK has had a satisfactory start to the current financial year, in marketswhich remain challenging. We have continued to tightly manage costs and cashwhile we focus our sales effort in areas which provide the best opportunity tomaximise revenue growth. We are pleased to announce that we have won two moreLocal Authorities - London Borough of Lambeth and Lichfield City Council - sincethe preliminary results announcement in March. Although lead and conversion times for sales remain slow in the Local Authoritymarket, we have identified the NHS market as an area of potential significantopportunity for @UK. We are currently in discussions with major suppliers to theNHS marketplace, which could present wider commercial prospects to @UK andreduce its reliance on the Local Government market. The opportunities in the NHS underpin our confidence in the long term prospectsfor the Company." For further information please contact: @UK PLC +44 (0) 118 963 7000Grant Oliver, CEOJohn Aiken, Finance DirectorShore Capital +44 (0) 20 7408 4090Dru DanfordSmithfield +44 (0) 20 7360 4900Tania Wild Notes to Editors: @UK is one of the UK's leading eMarketplace providers. @UK's software provides asecure internet eMarketplace enabling buyers such as local authorities, schoolsand hospitals to buy online from commercial suppliers ranging from largecorporations to small to medium enterprises (SMEs). It works by linking the financial systems of bodies such as local authorities,hospitals, schools and large corporations to all their suppliers. This allowsbuying and selling to take place with no paperwork and no chance oftransposition errors, achieving major savings throughout the supply chain. @UK provides eCommerce to thousands of suppliers of every size, frommultinational businesses to "one man band" window cleaners and plumbers and thenumbers are growing daily. Even the smallest suppliers can now tradeelectronically with customers creating electronic orders and more importantlyraise electronic invoices for all their customers. @UK PLC also offers services to new businesses, including incorporation, companysecretary services and filing annual returns. Over 100,000 companies have beenincorporated using @UK's online company formation service. @UK joined AIM in December 2005, raising £8 million before expenses at an issueprice of 60p. In May 2006 it purchased Coding International Limited, its firstacquisition since becoming a quoted company, @UK is included in the Software andComputer Services Sector (9530). For further information please visitwww.ukplc.net. This information is provided by RNS The company news service from the London Stock Exchange