Zamano Regulatory News (ZMNO)

3 Aug 2007 07:00

Zamano PLC03 August 2007 Zamano plc Trading Update Strong EBITDA growth expected in 2007 zamano Plc ("zamano" or "the Group") (AIM:ZMNO, IEX: ZAZ), a leading provider ofmobile data services, is pleased to announce that the Group continues toexperience strong trading and expects to report approximately 15% EBITDA growthfor H1 2007 versus the same period last year. EBITDA in H2 2007 will benefitfrom a full 6 months' contribution from a successfully integrated Eirborne(acquired April 2007), resulting in a further acceleration in growth. The Group has seen substantial revenue growth in the year to date. Sales in theB2B units are continuing to grow strongly, while B2C revenues have been boostedby the acquisition of Eirborne, which has been successfully integrated and isperforming ahead of expectations. The Group has increased expenditure in sales and marketing to support furthergrowth. Investment in the core platform, billing interfaces and applicationscontinues, and the development team has been expanded to deliver these projects.zamano expects to introduce its Payforit WAP billing solution in the second halfof the year, and will also launch a suite of Web portals providing mobilecontent, interactivity and communication services before year end. A newoffering providing video mail and webtext to users of social networking sitessuch as Bebo is also imminent. Zamano intends publishing its interim results on the 20th September 2007 andwill provide a further update on H2 trading at that point. In April 2007, the Company reported on the appointment of Cormac o Tighearnaighto the position of Finance Director, commencing at the end of May. It istherefore with regret that the Board yesterday accepted Cormac's resignation.Cormac received an opportunity to move to a business of a significantly largerscale in an unrelated sector. Cormac will stay with zamano until mid September,and the Board will proceed immediately to find a replacement. Zamano Chairman Rod Matthews commented "The Directors are very pleased with theprogress made in the business year to date. The acquisition of Eirborne was inline with our strategy, and has strengthened zamano's position at the forefrontof innovation in our market space. Looking forward, the Board is confident thattrading will remain good and that the Group is well positioned to avail offurther growth opportunities in the mobile arena." ZamanoJohn O'Shea +353 1 488 5830 www.zamano.com -----------------Seymour PierceDavid Newton/Matt Thomas +44 207 107 8000 www.seymourpierce.com ------------------------NCB Corporate FinanceConor McCarthy +353 1 611 5989 www.ncb.ie ------------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