Softcat Regulatory News (SCT)

21 Sep 2007 07:01

Screen Technology Group plc21 September 2007 Screen Technology Group plc Trading update Screen Technology Group plc ("Screen Technology" or the "Company") announcesthat trading for the current year remains challenging. The Board remainsencouraged by the level of interest shown in the new ITrans modular product.However, despite the interest shown by a number of potential customers, sales inthe year to December 2007 are expected to be below expectations. The ITrans modular screen was launched over the summer and we have receivedencouraging expressions of interest, particularly from a number of thespecialist screen marketing companies. The Company can now offer a range ofproduct variants, notably: fixed format screens for 'through the window' retailapplications, the ITrans modular product which is fully scaleable to virtuallyany size and aspect ratio, and the ITrans tile available to OEM partners for usein street furniture and other applications. The Company's enquiry pipeline has recently been strengthened significantly as aresult. The Company is continuing to focus on its relationships with existingand new added-value-resellers and OEM manufacturers however the time frame inwhich these enquiries will translate into orders remains uncertain. Given thelevel of enquiries the Board remains confident that the Company is capable ofachieving a very significant level of sales in 2008. Screen Technology continues to manage its cost base extremely carefully but, asa consequence of the delay in translating enquiries into sales, the Company isnow required to seek further funding. The Board is exploring variousalternatives in this regard and a further announcement will be made as soon aspossible. Enquiries: Screen Technology Group plc 01223 559600Thomas Jarman, CEO Charles Stanley Securities 020 7149 6000(Nominated Adviser)Russell CookHenry Fitzgerald O'Connor This information is provided by RNS The company news service from the London Stock Exchange