dotDigital Group Regulatory News (DOTD)

29 Mar 2011 07:00

dotDigital Group Plc First Day of Dealings on AIM Leading Digital Technology Company with Ambitious Growth Plans

Founded in 1999, dotDigital Group Plc ("dotDigital or the Group") has grown to become a leader in the provision of intuitive Software as a Service (`SaaS') products for digital marketing professionals. These products include the Group's email marketing platform, dotMailer and e-commerce offering, dotCommerce. As part of its broader offering to help clients to grow their businesses online, dotDigital also provides search marketing services, digital strategy advice and managed services.

Dealings in dotDigital's shares will start trading on AIM at the start of business today and the market capitalisation as at Admission is £21 million based on the middle market price of 7.875p per share as quoted on PLUS at the close of business on Monday 28th March.

Key business facts:

* 135 staff employed in six offices throughout the UK and a support team in Minsk * Over 3,500 clients * Very broad earnings across the client base with high levels of recurring revenues * Strong financial base: * + Year to June 2010 - £1.14m profit after tax on £6m turnover + Interim results announced 15th March 2011 show turnover and profits up by 48% + Cash: circa £2m and minimal debt as at the December half year end

The Directors remain committed to the delivery of products with recurring revenues and scalability. Accordingly, investment in product development and marketing is expected to accelerate in the year ahead. In addition, the Directors have commenced plans to expand into new market areas including overseas markets.

Peter Simmonds, Chief Executive, dotDigital, commented:

"A move to AIM is another key milestone for us and is part of a strategy to develop even greater awareness of our business plans with investors and our product plans with clients and new business prospects."

29 March 2011EnquiriesdotDigital Group Plc 020 7654 8686

Peter Simmonds, Chief Executive

Broker 0161 831 1512 Zeus Capital Ross Andrews/Nick Cowles Financial PR 020 7245 0909 Hansard Communications Guy McDougall/Nicholas Nelson