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30 Jun 2014 07:00
SafeCharge International Group Limited
("SafeCharge" or the "Company")
Trading Update
SafeCharge (AIM: SCH), the international provider of payments services, risk management and IT solutions for online businesses, today provides the following Trading Update.
In the trading update released on the 16 May the Company announced that the momentum generated throughout 2013 had continued into 2014 and that Q1 2014 revenues were substantially ahead of Q4 2013 and better than expectations for the quarter.
The Directors are now pleased to announce that the strong start to 2014 has continued and that as a result, both revenues and EBITDA for the full year to 31 December 2014 are expected to be materially ahead of market expectations.
The Board looks forward to updating shareholders on the Group's progress at the time of its interim results in September.
-Ends-
For more information
SafeCharge International Group Limited David Avgi, Chief Executive Officer Tim Mickley, Chief Financial Officer c/o Bell Pottinger
| +44 (0) 20 7861 3232 |
Shore Capital (Nomad and Broker) Pascal Keane Toby Gibbs
| +44 (0) 20 7408 4090 |
Bell Pottinger David Rydell Olly Scott Guy Scarborough | +44 (0) 20 7861 3232 |
About SafeCharge
SafeCharge International Group Limited is a global provider of payments service, risk management and IT solutions for online businesses. The SafeCharge group has a diversified, blue chip client base and is a trusted payment partner for customers from various e-commerce verticals. SafeCharge has been Payment Card Industry Data Security Standard ("PCI-DSS") Level 1 certified since 2007 and is listed on the London Stock Exchange AIM market (LSE: SCH). SafeCharge Limited, a wholly owned subsidiary of SafeCharge, is an authorised Payment institution regulated by the Central Bank of Cyprus (CBC). The SafeCharge group has operations in the UK, Cyprus, Bulgaria, Israel, Germany and Austria. www.safecharge.com
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