Frp Advisory Group Regulatory News (FRP)

1 Nov 2007 07:00

Debt Free Direct Group PLC01 November 2007 1 November 2007 DEBT FREE DIRECT GROUP PLC PRE CLOSE ANNOUNCEMENT Debt Free Direct Group (DFD), the leading debt advice and solutions company,today confirms that its interim results announcement for the period ended 31October 2007 will be made on Tuesday 27 November 2007. At that time we willprovide analysts and shareholders with renewed guidance on our positive growthoutlook. DFD has previously announced that it is also planning to provide a strategyupdate to investors at that time. Those plans continue to be focused onpressing home our advantage as a large scale and low cost solution provider, andas a potential consolidator in the sector. We continue to be in dialogue with creditors regarding fee levels and,crucially, the appropriate access for debtors to the IVA process. We remainconfident of achieving a satisfactory outcome from these discussions and expectto update shareholders further at, or before, the time of our interim resultsannouncement. There will be an analyst presentation to discuss the interim results at 9.30amon 27 November 2007 at Financial Dynamics, Holborn Gate, 26 SouthamptonBuildings, London WC2A 1PB. Enquiries: Debt Free Direct Group plcAndrew Redmond, Chief Executive Officer 0845 296 0100Paul Latham, Finance Director 0845 296 0200 Numis SecuritiesLee Aston 020 7260 1000 Financial DynamicsEd Gascoigne-Pees 020 7269 7132Nick Henderson 020 7269 7114 Notes: Debt Free Direct helps individuals find the best solution to their debtproblems, based upon an analysis of their particular financial circumstances.Financial information on an individual is processed through a computer model(the Best Advice Model) developed by Debt Free Direct in order to recommend asolution suitable for that individual's particular financial circumstances. Thesolutions offered range from basic advice, such as simply destroying creditcards and curbing unnecessary expenditure, to the following solutions: • consolidation loan • re-mortgage • informal arrangement • individual voluntary arrangement (IVA) • bankruptcy Debt Free Direct is unique in the marketplace in that, unlike most of itscompetitors who sell specific products, Debt Free Direct looks to provide thebest advice to the consumer and recommends them the most appropriate service. Debt Free Direct is based in Chorley, Lancashire, and was admitted to AIM inDecember 2002. This information is provided by RNS The company news service from the London Stock Exchange