Zamano Regulatory News (ZMNO)

29 Jan 2007 07:01

Zamano PLC29 January 2007 Zamano plc ("zamano" or "the Group") Trading Statement zamano Plc (AIM:ZMNO), a leading provider of mobile data services, today issuesthe following trading statement ahead of the release of its maiden full yearresults, which will be announced on 26 March 2007. Following successfully listing on AIM on 31 October 2006, the Group is pleasedto announce the successful conclusion of the trading year ended 31 December 2006with turnover and profits in line with market expectations. Highlights include: •Continued positive trading with strong profitability and cash generation •Satisfactory progress on strategic initiatives •Cash of not less than €7.4m in bank at 31 December 2006 •Plans for a supplementary listing on the Irish Enterprise Exchange (IEX) of the Irish Stock Exchange The Board has decided to take a supplementary listing on the Irish EnterpriseExchange (IEX) of the Irish Stock Exchange which will further broaden theshareholder base and enhance liquidity. NCB have been appointed as advisers inthis regard and trading on IEX should commence by 26 February 2007. The Company also announces that Sean Mac Reamoinn, Executive Director, hasresigned from the Board of the Company with immediate effect. After seven yearswith the company Sean has decided to move on to other challenges. The Board haveagreed to further enhance the executive team through the recruitment of aFinance Director and have commenced the search process. Rod Matthews, Non-Executive Chairman said today: "Our listing on AIM and the successful conclusion of the years trading to 31December 2006 have created the base for continued growth in 2007. Our goodtrading performance has been driven by progress across all areas of ouroperations. The intended recruitment of a finance director and the supplementarylisting on IEX all underpin shareholder value in zamano, and we look forward to2007 with confidence. "Sean Mac Reamoinn has played a significant role in the development of zamanosince its formation and while he is stepping down from the Board, we arefortunate that Sean will remain in the business supporting the Board andmanagement until such time as the Finance Director is appointed. On behalf ofthe Board, I thank Sean for his contribution and wish him well in the future." The Group will release results for the full year to 31 December 2006 on 26 March2007. For further information ZamanoJohn O'Shea +353 1 488 5830 www.zamano.com -----------------Seymour PierceSarah Wharry/Liam O'Donoghue +44 207 107 8000 www.seymourpierce.com ------------------------EdelmanKatherine Murphy +44 207 344 11571/ +44 7792 191 828Mark Cahalane/ Joe Carmody (Dublin) +353 1 678 9333 www.edelman.com ----------------- This information is provided by RNS The company news service from the London Stock Exchange