NETD.L Regulatory News (NETD)

2 Jan 2008 15:45

NetDimensions (Holdings) Limited02 January 2008 NetDimensions (Holdings) Limited ("NetDimensions" or "the Company") Pre-close trading update NetDimensions, the software publisher that provides companies and governmentagencies with enterprise-class learning, knowledge and performance managementrelated software and services, announces a trading update following itsfinancial year-end on 31 December 2007. The Board expects revenues to increase to in excess of US$4 million and toreport a profit for the 12 months to 31 December 2007. While revenues haveincreased against the previous year, some contracts expected to be finalised in2007 slipped into 2008. During the year the Company has significantly increasedthe size of its sales teams although it is not expecting to see the full benefitof this come through until 2008. These factors mean the Company's results for2007 will be below current market expectations. The Directors believe it isimportant to emphasise that NetDimensions has a sound business model and, as arapidly expanding and cash generative business, remains in a good position togrow. The Company will continue to seek to take advantage of demand for its services,particularly from clients in highly regulated and compliance driven industries.Investments made in 2007 in expanding the sales teams together with significantproduct innovation have created a platform on which to drive sales growth. During 2008, NetDimensions will increase the marketing of the Company'sportfolio of products and, in particular, develop sales of the EnterpriseContent Platform ("ECP") and Enterprise Assessment Platform ("EAP"). ECP and EAP were both launched in the second half of 2007 to target specificmarket sectors. As a consequence the two products have only recently started tohelp drive the Company's expansion in the healthcare, aviation and energysectors and thereby further diversify the Company's target markets. NetDimensions expects to announce its preliminary results for the 12 months to31 December 2007 in March 2008. NetDimensions Chief Executive Officer Jay Shaw said, "NetDimensions is in a goodposition to continue to grow. We have an excellent portfolio of products tooffer enterprises globally. The challenges we faced toward the end of 2007 wereprimarily around contract timing issues. We continue to work to our long-termplan and look forward to further developing the business." Enquiries: +----------------------------------+----------------------+--------------------+|NetDimensions |Jay Shaw |+852 2122 4500 ||www.netdimensions.com/investor |Jeffrey Cheung | || |Allana Edwards | |+----------------------------------+----------------------+--------------------+|Landsbanki Securities (UK)Limited |Jeff Keating |+44 (0) 20 7426 9000||Nominated Adviser & Broker |Fred Walsh | || |Simon Brown | |+----------------------------------+----------------------+--------------------+|Cardew Group |Tim Robertson |+44 (0) 20 7930 0777|| |Shan Shan Willenbrock | || |Catherine Maitland | |+----------------------------------+----------------------+--------------------+ This information is provided by RNS The company news service from the London Stock Exchange