GlobalData Regulatory News (DATA)

15 Jan 2010 07:00



15 January 2010

DATACASH GROUP PLC: DATA / Index: AIM/ Sector: Support Services 

DataCash Group Plc ('the Company')

Trading Update

The Board of DataCash Group plc is pleased to report its pre-close trading statement for the year ended 31st December 2009.

The Board is pleased to announce that the Group expects to report results in line with the Board's expectations.

After a quiet summer period, it is pleasing to report that volumes through many of our gaming merchants improved significantly towards year end, and, as expected, we saw increasing momentum in e-commerce in all market sectors. 

Overall transaction growth continued to be very healthy, growing over 20 per cent. year-on-year. 

Our net cash position was in excess of £18m as at 31 December 2009.

The Board continues to view the future with confidence. 

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For further information please contact: 

DataCash Group PLC 

Ashley Head Tel:+ 44 (7887) 850069

Executive Chairman E-mail: ashley.head@datacash.com

Paul Burton Tel:+44 (0)20 7421 8453 

Finance Director E-mail: Paul.Burton@datacash.com 

Website: www.datacash.com

About DataCash 

DataCash Group Plc (AIM: DATA), a market leading provider of payment processing solutions, provides merchants with a single interface that allows them to process secure payments, both on and offline, anywhere in the world. 

DataCash also provides a range of value added services with its fraud and Risk 

Management solutions supporting AVS/CV2, 3-D Secure (Verified by Visa and MasterCard Secure Code) together with traditional rules-based screening. 

DataCash provides first-class service reliability at a fraction of the price of an in-house solution, servicing clients within the retail, travel, telecommunications and gaming sectors..