Foresight Group Holdings Regulatory News (FSG)

2 Aug 2007 07:00

Focus Solutions Group PLC02 August 2007 Embargoed until 0700 2 August 2007 Focus Solutions Group plc ('Focus' or 'the Group') AGM Trading Update Focus Solutions Group plc (AIM: FSG), a leading supplier of adaptive softwaresolutions to the financial services industry, will today issue the followingstatement at its AGM to be held later today: Focus has had a very encouraging start to the current financial year with ourfinancial performance to date in line with our expectations. Furthermore, forthe first time in the Group's history, Focus has traded profitably in the firstquarter of the financial year. New contracts signed since the start of the year include an extension to theHSBC contract worth £300,000, and an enterprise licence agreement for theOpenwork Trading Platform worth between £650,000 and £900,000 over five years.These contracts help underpin our expectations and we are confident of winningfurther new business in coming months. Focus is developing into a successful, consistently growing, profitable and cashgenerative business. Our confidence in the future is reflected in our plan tointroduce a dividend payment in respect of the current financial year. The Group's intention is to be recognised as the leading provider of frontoffice solutions to the UK financial services market and the Board has a clearstrategy for both organic and non-organic growth to achieve this. Enquiries: Focus Solutions Group 01926 468 300Richard Stevenson, CEO / Martin Clements CFO Seymour Pierce 020 7107 8000Mark Percy Smithfield 020 7360 4900Reg Hoare / Tania Wild Notes to editors:Focus is an established supplier of easily configured and re-usable componentbased software and business services, which enable faster, more effective andcost efficient processing of complex customer transactions. Focus has helped some of the world's leading public and private sectororganisations to successfully automate their most demanding customer processes.For further information on Focus, please visit www.focus-solutions.co.uk This information is provided by RNS The company news service from the London Stock Exchange