29 Jun 2007 12:43
Clinical Computing PLC29 June 2007 CLINICAL COMPUTING PLC AGM Statement Clinical Computing Plc (the "Company" or "Group"), the international developerof clinical information systems for the healthcare market, held its AnnualGeneral Meeting earlier today at which all resolutions were passed. The Chairman made the following statement at the AGM: "Since the Company began its restructuring plan in the first half of 2005 theGroup has reported steady progress with its operations and improving financialperformance with losses decreasing steadily over each of the subsequentreporting periods. The following trading areas were noted by Howard Kitchner,Chairman: • The Company is expecting to report comparative period on periodimprovements to top line revenues for the six month period to 30 June 2007. Thisis in spite of the significant weakening of the US dollar, over the comparativeperiods. • During the first half of 2007 the Company has seen its US andAustralian operations generating cash. At the present time the Company continuesto fund its UK operations with debt. • Since the announcement of our 2006 final results on 27 April 2007, theGroup has won a contract in the US to support the renal service department of ahospital with CLINIICAL VISION. Additionally, two customers have completed theimplementation of CLINCIAL VISION. • The Group is now working through eight active CLINICAL VISIONimplementations, with a future revenue opportunity of over £1,000,000. • With respect to the UK market, the Company continues to buildpartnerships and work with our UK customer base on an upgrade programme fromPROTON to CLINICAL VISION. With these trading conditions in mind the Board remains confident about theGroup's prospects and continues to view the future with optimism." ENDS Contacts:Clinical Computing plc http://www.ccl.comJoe Marlovits, Chief Executive 020 8747 8744 Parkgreen Communications Ltd 020 7479 7933Paul McManus 07980 541 893 paul.mcmanus@parkgreenmedia.com This information is provided by RNS The company news service from the London Stock Exchange