Sysgroup Regulatory News (SYS)

22 Nov 2005 10:03

System C Healthcare plc22 November 2005 System C Healthcare plc: AGM Statement The following will be read out by Jim Horsburgh the Company's Chairman at thecompany's Annual General Meeting to be held at 10.30am today 22nd November 2005. "It has been well documented in recent months that changes in system scopewithin the National Program for IT (NPfIT), and structural changes within theNHS, have led to a rescheduling of new deployments by the four UK regional LocalService Providers. This volatility in the flow of contracted work has createdmore difficult market conditions for many suppliers, and has led to revenue notbeing generated as fast as anticipated for the first half of our financial year.We have maintained our operational and development capacity to ensure that weare able to take full advantage of the significant business opportunitiesreferred to below. Overall demand for new systems remains high and these timing changes havegenerated very significant new product and services opportunities which we arecurrently negotiating. The outcome of these negotiations will have a significantimpact on the results for the full year and beyond. Our reputation for products and service delivery record is increasinglyrecognised within the industry, and we remain in a strong position to profitfrom growth opportunities as NPfIT gathers pace. We are well supported in thisby a strong cash and balance sheet position. Our interim results will be announced on 25th January 2006." Enquiries: System C Healthcare 01622 691 616Ian Denley, Chief ExectutiveJim Horsburgh, Chairman Maitland 020 7379 5151Emma BurdettNeil Bennett This information is provided by RNS The company news service from the London Stock Exchange