Orcadian Engy Regulatory News (ORCA)

27 Jul 2005 11:00

Orca Interactive Ltd27 July 2005 For immediate release: Wednesday 27 July, 2005 ORCA INTERACTIVE LIMITED AGM trading update Orca Interactive (LSE: ORCA), a global market leader in developing applicationsfor IPTV, announces at today's Annual General Meeting that trading for the firsthalf of the year has been in line with management expectations. Strong growth in Orca's pipeline of opportunities was reported at the time ofthe Company's full year results announcement in February and this positive trendhas continued throughout the first half of the year. For this reason, Orcaremains confident that revenue expectations for the full year to December 2005will be achieved. Since the start of the year there has been a notable increase in interest fromoperators in the North and South American markets. The Board of Orca has spentthis time reviewing the emerging opportunity in the Americas and has nowdetermined to commit extra resources to its partnership with Lucent to addressthis sizeable market prospect in order to increase customer deal flow. As aresult, there will be some investment in sales and marketing and staffrelocation to the US over the coming year, which is not expected to exceed $2min the current financial year. The first customer deals to arise from thisinvestment are expected to occur during 2006. Haggai Barel, CEO, commented, "Historically, our focus has been on the rapidlygrowing European and Asian markets but as the opportunity in the Americas hasemerged during 2005, so it has become increasingly important for us to build apresence there. Our partnership with Lucent provides us with a perfectopportunity to enter this market with maximum support and minimum risk." For further information: Haggai Barel +972 9769 9400CEO, Orca Interactive James Melville-Ross / Cass Helstrip +44 20 7831 3113Financial Dynamics About Orca Interactive Orca Interactive (LSE-ORCA) is a leading provider of IPTV middleware andapplications for broadband network operators and service providers. Orca enablestriple-play providers to deliver a full array of attractive video-over-IPservices that generate new revenue streams and strengthen customer loyalty.Leveraging a flexible telco-grade middleware platform, Orca empowers operatorsto deliver broadcast TV, video on demand (VOD), personal video recording (PVR),home media and other compelling interactive services. Orca's SI-enabledsolutions are designed for easy outsourcing of integration services by anoperator's preferred systems integrator. Orca has formed strategic partnershipswith leading players across the IPTV value chain to ensure best-of-breedsolutions with low total cost of ownership. For more information, please visithttp://www.orcainteractive.com/ This information is provided by RNS The company news service from the London Stock Exchange