Last checked at 2 Apr 2009 07:00
2 April 2009
TRAKM8 HOLDINGS PLC
('Trakm8' or 'the Group')
Trading Update
Trakm8, the AIM-listed designer and developer of licensed GPRS based hardware and software for the vehicle placement and security market, is pleased to provide an update on trading for the year ended 31 March 2009.
As set out in the Company's interim results announcement on 16 December 2008, the Board was optimistic that the Group was making good progress towards returning to profitability. The Company is therefore pleased to announce that trading in the second half of the year was in line with the Board's expectations.
Recent contract wins with SmartSurv and E.ON, announced on 23 March and 25 March respectively, are indicative of Trakm8's improved trading performance and give confidence that results will continue to improve in 2009.
The Company expects to announce its preliminary results for the year ended 31 March 2009 in July 2009.
Dawson Buck, Chairman of Trakm8 commented, "We are very pleased that following our management changes last September and the remedial actions taken, Trakm8 has returned to profitability and that the trend for the future is positive."
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For further information please contact:
| Trakm8 plc | 0870 380 0531 |
| John Watkins, Chief Executive Officer | |
| Tavistock Communications | 020 7920 3150 |
| Simon Hudson | |
| Arbuthnot Securities Limited | 020 7012 2000 |
| Alasdair Younie |
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.