SVR.L Regulatory News (SVR)

25 Jan 2007 13:47

25 January 2007 SERVICEPOWER TECHNOLOGIES PLC ("SERVICEPOWER" OR THE "Company") Trading Update

ServicePower Technologies plc , the recognised leader in artificial intelligence based, field service scheduling solutions and computer services, provides the following trading update for the twelve months ended 31st December 2006.

As stated in the trading update in November, due to the uncertainty associated with the timing of software licence contracts, the Directors are determined to build profitable revenue streams from the hosting and outsourcing businesses. On this note, it is encouraging that, ahead of plan, the hosting and outsourcing businesses operated profitably during the month of December and are expected to do so throughout 2007.

However the closing of three extensions of software licences previously anticipated in 2006 has been delayed into 2007; one of which has already been signed in January.

Principally as a result of this, revenue reported for 2006 will be lower, but losses will be in line with, current broker forecast.

The cash position of the group is adequate for current operations, assuming current trading levels and forecasts.

For further information please contact:

Lindsay Bury, Non-executive Director Tel: 07967 636 928

David Brisco, Chief Executive Officer Tel: 0161 476 2277

ServicePower Technologies PLC

Tom Moriarty, Laura Cocker Tel: 020 7651 8688

ICIS Limited

About ServicePower

ServicePower offers tools that enable optimised service execution across the entire service chain. The company provides the most widely used artificial intelligence based field service scheduling application in the world. ServicePower solutions, offered throughout the U.S., Canada, the UK and Europe allow companies to locate their directly employed field resources in specific geographical areas and supplement their coverage with a network of independent, authorised servicers in other areas. The routes for both the company's field resources and the independent servicers are optimised by ServicePower's technology to ensure the right balance between service and cost. ServicePower also provides warranty chain management, call center services, and analytics for manufacturers, third-party administrators, and retailers. ServicePower's customers include innovative, world leading companies such as Argos, Avaya, GE, Hitachi, Sanyo, Sharp, and Siemens. For more information, visit www.servicepower.com