PHD.L Regulatory News (PHD)

1 Aug 2006 07:03

PROACTIS Holdings PLC01 August 2006 For immediate release 1st August July 2006 PROACTIS Holdings PLC ("PROACTIS", the "Group" or the "Company") Pre-close Trading Update PROACTIS PLC, the specialist Spend Control software provider, is today issuingits trading update in respect of the year end to 31 July 2006, ahead of enteringits close period, and following successful admission of its shares to AIM on 1June 2006. The Board is pleased to report good progress for the year and that itanticipates that profits will be in line with management expectations. Highlights since the Company's successful flotation include a number of revenueenhancing new business wins in both the private and public sectors, a newstrategic partner in the Benelux region and expansion of PROACTIS' route intothe market in France and Switzerland through an existing partner. New business wins include contract awards from Domestic and General Insurance,Action for Employment, Thompson Directories and The British Olympic Association.These wins were achieved through PROACTIS' Accredited Channel Partners. Specialist healthcare vendor Market4Care has signed up as a new strategicpartner to PROACTIS, giving the Company a Channel Partner in the Benelux region,while FSG, an existing partner, has expanded its operations into France andSwitzerland. PROACTIS has also made significant progress in strengthening the sales team withthe appointment of Mark McCarthy as Director of UK Sales with responsibility forenhancing the Accredited Channel Partner scheme and growing the direct salesrevenue. Rod Jones, Chief Executive of PROACTIS, commented; "We are pleased with our progress over the last year and since flotation andlook forward to continued progress in 2006/2007." - ends - Enquiries: PROACTIS 01904 481 999Rod Jones, Chief Executive Weber Shandwick Square Mile 0207 067 0700Nick Oborne / John Moriarty / James White Notes to Editors: PROACTIS creates, sells and maintains specialist software under the brandPROACTIS P2P, which enables organisations to streamline, control and monitor allinternal and external expenditure, other than payroll. PROACTIS P2P is alreadyused in over 70 organisations in the UK from the commercial, public andnot-for-profit sectors. PROACTIS is a profitable, high growth business operating from York. It is asales led organisation with a marketing strategy involving a mix of sellingdirect and selling through a number of Accredited Channel Partners. PROACTISdevelops all of its own software with its own in-house team of developers. This information is provided by RNS The company news service from the London Stock Exchange