Foresightgr Regulatory News (FSG)

16 Feb 2006 07:01

Focus Solutions Group PLC16 February 2006 Thursday 16 February 2006 Focus Solutions Group plc ("Focus" or "the Group") Focus appoints new Chief Executive Officer Focus, a leading provider of XML development software and solutions to theretail financial services market, is pleased to announce today the appointment of Richard Stevenson, as Chief Executive Officer of the Group with effect from 1st March 2006. John Streets, founder and incumbent Chief Executive Officer haschanged roles and will remain on the Board as a Non-Executive Director. Richard James Stevenson, (39), was most recently CEO and President for BusinessAgility Limited, a systems integrator focusing on enterprise class operations software and related services. Prior to that he was CEO and President of AST Europe and brings broad experience of developing software based technologybusinesses in a global market to the Group. With the full support of John Streets, the Board decided to recruit a new CEO to accelerate the expansion of Focus' business into multiple business sectors worldwide. Alastair M Taylor, Chairman, expressed his delight with the new appointment. "Richard is an outstanding individual with a proven track record and I very much look forward to working with him and ensuring a smooth transition of responsibilities." Mr Stevenson, said "I am very excited by the opportunity to transform Focus into a global technology product provider, and to significantly grow the Group's revenues and profitability by concentrating efforts with the current partnerships and blue chip financial services customer base." John Streets commented: "After 10 years leading the Company from start up, partnering with AT&T, acquiring venture capital funding from Top Technology and floating the company on AIM in March 2000, I am pleased to be involved in the next significant step the Group needs to take. Following the signing of the successful Global Reseller Agreement with BEA and patent award for goal:technology, we will move into the next phase of the Group's development. Globalising our technology across many market sectors through our partnership programmes is a priority. It is vital we take this next step with the right management expertise and I am delighted that Richard has decided to join the Group and I look forward to working with him in our new roles." Further details are as follows: Current directorships and partnerships and those held in the last five years areas follows: Current directorships: • RJS Transformation Services Limited Director Previous directorships: • Business Agility UK Limited Director • Agilus Technologies Limited IT Director • Henely Software Consultants Limited Director • Astounding Business Group Limited Director • Managed Enterprise Resources in IT Inc President • Managed Enterprise Resources in IT Limited Director There are no other disclosures required to be made in accordance with Rule 17 of the AIM Rules. Richard does not currently hold any interest in the share capital of Focus. For further information, please contact: Martin ClementsFinance DirectorFocus Solutions Group plc martin.clements@focus-solutions.co.uk077696 54 527 About Focus Solutions Group plc Focus Solutions Group plc is a specialist provider of XML development softwareand e-commerce solutions. The Group has two distinct business units: FocusBusiness Solutions Limited develops business process solutions to support thecustomer management process within the Retail Financial Services marketplace.Focus Software Limited is a specialist provider of XML toolkits with thedeployment capability for delivery onto Windows and J2EE platforms. FocusSoftware is working with strategic partners and distributors to promote itstechnology on a worldwide basis. The Group has been delivering XML development tools to enable data capture forover 10 years achieving a blue chip customer base and a community of over 40,000users. 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