TNG.L Regulatory News (TNG)

13 Jul 2007 07:00

Tangent Communications PLC13 July 2007 Date: 13 July 2007On behalf of: Tangent Communications PLC ('Tangent' or the 'Company')Embargoed until: 0700hrs Tangent Communications plc AGM Statement Tangent Communications plc, the direct marketing business, announces that at theCompany's Annual General Meeting, to be held at 10am today, Piers Caldecote,Chairman of Tangent, will make the following statement: "I am delighted to report that there has been an excellent start to the newfinancial year. Newly acquired Ravensworth has delivered an above budgetperformance every month since acquisition. Sales have increased by 23% againstthe same period last year (April - June) and currently Ravensworth has 2,994live customers using its system to generate orders, which represents an increaseof 28% over the previous year. "Tangent Marketing Services, via its online Toolkit platform, has delivered a70% increase in ordered volume above the same period last year. Tangent Labs hassigned a Master Agreement with SAP, and is now creating applications whichintegrate directly with SAP's own installations of SAP software. "Each of our five key performance indicators (turnover, operating profit,operating margin, operating cash and earnings per share) are running ahead ofour expectations and the Board is confident about performance for the remainderof the year. "In closing the AGM, I would like to thank shareholders for their continuedsupport." Further enquiries: Tangent Communications plc 020 7553 6600Nicholas Green (Joint CEO)Graeme Harris (Finance Director) Redleaf CommunicationsDuncan McCormick, Emma Kane 020 7822 0200 Collins StewartSeema Paterson, Stewart Wallace 020 7523 8350 Notes to Editors Tangent Communications plc Tangent Communications creates online and offline marketing systems to delivercustomised data driven marketing material for companies including SAP, Lane Fox,Greene King and Sainsbury's. The Company employs 160 people across threelocations, London, Newcastle and Cheltenham and is admitted to trading on AIM(AIM : TNG) This information is provided by RNS The company news service from the London Stock Exchange