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16 Jul 2010 07:00
TO BE RELEASED
7.00AM
16 July 2010
PRINTING.COM PLC
("Printing.com" or "the Group")
AGM STATEMENT
George Hardie, the Chairman of Printing.com, will make the following announcement at the Annual General Meeting to be held at 3.00pm in Manchester today.
Trading Update
Post the last update, trading has continued to undulate, albeit conditions have been slightly softer than during April and May.
Outlook
Given the continued uncertainty about the economic situation, it remains appropriate to maintain a cautious stance in the short term.
The Company has therefore developed and published 'Vision 2015', an important strategy document to help our Franchisees in this challenging economic climate.
An integral part of this strategy is to add 'web-to-print' templates to the tools utilised by our network of outlets. We believe that by adding these systems, greater efficiencies can be realised, making the business model more robust and sustainable.
We also believe that the template based solution will open up new markets, in particular larger businesses and multi-site operators. Incorporating these elements will add, we believe, to the appeal of the various Printing.com Franchise formats.
We anticipate that these initiatives will add to revenues during the second half of the current financial year.
For further information:
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Printing.com plc Tony Rafferty (Chief Executive) Alan Roberts (Finance Director)
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07966 517 336 0161 848 5713 |
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Cubitt Consulting Chris Lane / Nicola Krafft
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020 7367 5100 |
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Brewin Dolphin Ltd (Nominated Adviser) |
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Mark Brady |
0845 213 4730 |
Alex Dewar 0845 213 2076 Background note:
Printing.com
In the UK, Ireland and France Printing.com offers a broad product range including leaflets, booklets, postcards, promotional cards, invitations, letterheads and business cards to consumers and small and medium sized companies. Unlike its competitors, Printing.com's Stores and Franchises do not depend on any printing equipment on location. The Group's printing and ancillary equipment is based at the centralised Production Hub with the head office in Manchester. All work is produced in full four colour rather than two colour. The printing sector has traditionally been served by smaller printing companies or other On Demand Printers and is estimated to be worth some £1- £2 billion.
Printing.com has three routes to market: Franchise Stores, Bolt-on Franchises and Company owned Stores.
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