Craneware Regulatory News (CRW)

4 Nov 2008 07:00



Craneware plc

("Craneware" or "the Company")

AGM Statement

4 November 2008 - Craneware plc, (AIM: CRW) a leading provider of financial performance improvement software for US healthcare organisations, will hold its Annual General Meeting in London today at which Keith Neilson, CEO, will make the following statement:

"I am pleased to report on a good start to the year. The legislative nature of the US healthcare market and the increasing financial pressures being exerted on healthcare organisations means our focus on providing tools to increase financial performance has given us resilience against the broader economic conditions. 

"We entered the year with visibility over $18.3m of revenue which we have augmented through a good performance in the area of new customer wins. Additionally the strengthening of the US dollar from 1.99 at the beginning of our fiscal year has further enhanced our financial prospects.

"I am therefore pleased to confirm we continue to see a positive outlook for Craneware and its shareholders." 

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About Craneware

Founded in 1999, Craneware has headquarters in Livingston, Scotland, with offices in Florida, Arizona and Kansas, employing over 100 staff. Craneware is a recognised leader of solutions that improve the financial performance of US healthcare organisations. Craneware partners with healthcare organisations to improve returns, increase productivity and manage risk, driving better financial and operational performance using market-driven revenue management solutions. By enhancing revenue capture processes, Craneware solutions allow those organisations to optimise reimbursement, improve operational efficiency, and support compliance.