Last checked at 20 Aug 2009 07:00
20 August 2009
Trakm8 Holdings plc
("Trakm8" or the "Company")
AGM Statement
Dawson Buck, Chairman of Trakm8 Holdings plc, the AIM-listed designer and developer of licensed GPRS based hardware and software for the vehicle placement and security market, will make the following statement at the Company's Annual General Meeting to be held later today:
"It was pleasing to report improved full year financial results in March, which demonstrated the Group's progress in returning to full profitability. Despite the current uncertain trading environment, the Company performance for the first three months of the current financial year has maintained that positive momentum, with revenues and profitability being broadly in line with the Board's expectations.
Although the Board anticipates little significant improvement in general economic conditions for the remainder of 2009, they are confident of continuing progress as a direct result of our increased focus on marketing and the positive publicity associated with securing recent major contracts"
ENDS
For further information, please contact:
Trakm8 Holdings plc
John Watkins, Chief Executive 0870 380 0531
Arbuthnot Securities Limited
Alasdair Younie/Richard Johnson 020 7012 2000
Tavistock Communications
Simon Hudson 020 7 920 3150
About Trakm8
Trakm8, based in Shaftesbury, Dorset is the leading technology provider, designer and developer of GPRS based hardware and software to the vehicle tracking and security market. The Company distributes its hardware and software worldwide through a network of distributors. In addition the Company provides ASP vehicle monitoring and tracking services direct to the B2B market. Trakm8's products allow vehicles and drivers to be monitored, allowing organisations to manage deliveries and services, or track stolen vehicles down to 5 metres.