REDT.L Regulatory News (REDT)

8 Jul 2005 14:03

ARC Risk Management Group PlcTrading UpdateSince the financial year end ARC Risk Management Group Plc ("ARC" or the"Group") has continued making good progress across the business, notablythrough red24, the core division, which provides global security services.red24 has taken a major step forward via a number of key agreements which werealluded to in the Chairman's statement in June.We are now pleased to announce that HSBC Bank plc, an existing client of red24,has included two levels of red24 service within its package of benefits tocustomers of its UK based Plus and Premier accounts. Plus account holders willreceive identity fraud protection through red24's ID Imposter service, whilstthe HSBC Premier customers receive the full benefits of both ID Imposter andred24 membership.Through this and other agreements, the past year has seen red24 increase itscustomer base ten-fold to a respectable 750,000.In addition, World Nomads, the travel insurance provider to the Lonely PlanetGuides, has started actively marketing red24 as part of its services and theGroup will announce developments in the near future.An intensive programme of product development and cost cutting implemented atGroup level, has led to a revival of productivity and through the threeoperating divisions, the Group has established a sound platform for long termcustomer growth.ARC looks forward with confidence to making further progress in the year ahead. 8 July 2005Contact:ARC Risk Management Group Plc 020 8080 0218 Simon Richards, Chairman Hansard Communications 020 7245 1100 Nicholas Nelson ENDARC RISK MANAGEMENT GROUP PLC