Foresightgr Regulatory News (FSG)

31 Mar 2008 07:01

Focus Solutions Group PLC31 March 2008 Embargoed until 0700 31st March 2008 Focus Solutions Group ("Focus" or the "Group") Contract Win & Trading Update Focus Solutions, (AIM: FSG), a leading provider of proven enterprise solutionsto the financial services market, is pleased to announce a contract win andtrading update. Contract WinFocus Solutions has been selected by a leading European information technologycompany to provide software components and development services to assist in thedelivery of Intermediary and Consumer Portal solutions for its mortgagecustomers. The value of the initial contract is £710,000 and relates to thedelivery of the solution to two customers. The partnership arrangement will potentially benefit thirty six of theirexisting customers who will be able to adopt the new product as a complementarymodule. It will also be offered to new customers looking for a cost effectivesolution to provide online sales of mortgage products. The solution will includeFocus' revolutionary new focus:360degrees product, providing a multi-channelsolution to support the business to consumer (B2C) channel via a lender's website and the business to business (B2B) channel to support mortgageintermediaries. Richard Stevenson, Chief Executive, Focus Solutions Group plc, comments: "We are delighted to have been selected as the development partner by such asignificant supplier to the UK mortgage market. This is a tremendous endorsementof our market-leading position and our ability to provide multi channelsolutions from a single technology platform. The new focus:360degreesproposition is gaining significant traction in the marketplace and this dealfurther cements our position in multi-channel mortgage distribution." Comment on Current Trading"The Board is pleased to report that the Group is trading broadly in line withexpectations. We have a strong pipeline of new business and remain confidentabout the prospects for the Group and further sales of the focus:360degreesproduct suite." END Enquiries: Focus Solutions Group plc 01926 468300Richard Stevenson - Chief ExecutiveMartin Clements - Finance Director Daniel Stewart 020 7776 6550Graham Webster/Chloe Ponsonby Smithfield 0207 360 4900Tania Wild/Reg Hoare Notes to editors: About Focus Solutions Group plc Focus Solutions is an established and proven supplier of enterprise solutions tothe financial services industry in both the UK and Ireland. Focus has anunrivalled reputation, based upon vast experience, domain knowledge andtechnical expertise in delivering successful market leading sales automationsolutions to some of the foremost financial institutions, providing a benchmarkby which other vendors are judged. Focus offers organisations an integrated whole office solution through a singletechnology platform - focus:360. A suite of modular, configurable componentsthat provides a complete end to end technology solution for financial servicesdistributors, combining front office solutions with sales process and supporttools and back office capability - a first for the industry! Focus has a successful track record of implementing multi-channel solutionsacross a broad range of financial services products to thousands of end users,enabling client's to concentrate on their core business - providing quality,compliant financial advice. 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