SVR.L Regulatory News (SVR)

ServicePower Technologies Plc

("ServicePower" or the "Company")

Trading Update & Notice of Results

12 July 2011 - ServicePower Technologies Plc (AIM: SVR), a market leader in outsourced services and field management, is pleased to give an update on trading for the six month period ended 30 June 2011.

Financial Update

·; Maiden half year operational profit of £0.8 million, ahead of expectations

·; Confidence in continued strengthened trading for the full year

·; Multi-year contracts provide strong levels of revenue visibility for 2012

The Company has enjoyed strong trading during the period and expects to report results for the six months ahead of expectations. Revenue for the half is expected to be approximately £6.0 million; EBITDA approximately £1.0 million and profit before tax in excess of £0.8 million. The Company's net cash position is expected to have improved to £3.9 million (31 December 2010, £3.7 million).

This strong level of trading combined with a healthy pipeline of prospects for the second half of the year mean the Board expects EBITDA for the year ending 31 December 2011 to be ahead of current market expectations.

In addition, the increase in new business opportunities combined with the increasing level of multi-year contracts being secured has resulted in a greater level of revenue visibility for subsequent years providing further confidence in the Company's business model.

Operational Update

The pipeline continues to bear fruit for the Company and we are delighted to have secured several contracts in the period, including;

·; Steritech, one of the largest outsourced food safety and quality assurance companies in the US, and HomeServe, the international home emergency repairs business;

·; an unnamed North American leading home appliance retailer;

·; RicherSounds, the UK's hi-fi, home cinema and flat panel TV's specialist retailer;

·; and, a transformational contract potentially worth £12.5m.

The final contract listed above was the first to be won in partnership with Assurant Solutions, one of the world's leading speciality insurance providers, demonstrating the early success of this licence and revenue share partnership agreement signed earlier in the period.

Notice of Interim Results

ServicePower will be announcing its Interim Results on Thursday 1 September 2011.

Mark Duffin, CEO of ServicePower, commented, "This has been another strong trading period for ServicePower. We are gaining significant traction in the outsourced services market, securing new business in the period with some of the largest retailers and insurance providers in the world. We believe this success has been achieved due to the superiority of our technology and the breadth of our services offering. Our pipeline for the second half of the year is healthy and we therefore expect to achieve a result for this year ahead of current market expectations."

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About ServicePower

ServicePower Technologies Plc is a third party administrator for global field services which uses a fully integrated artificial intelligence based software platform to recruit independent contractors, comply with global regulatory codes, facilitate training, schedule service calls, conduct global retail/wholesale pricing analysis, and ultimately facilitate an optimal customer buying experience. ServicePower's ServiceOutsource product is offered globally to end-consumer facing organisations in the retail, manufacturing, insurance, medical, and services industries providing the capability of offering quality installation services for their products through a network of professional, licensed, and insured independent contractors.

For more information please visit www.servicepower.com