AGM Statement

24 Apr 2008 10:13

Sarantel Group PLC24 April 2008 24 April 2008 SARANTEL GROUP PLC AGM statement Sarantel (AIM: SLG, 'the Company'), the leading manufacturer of revolutionaryfiltering antennas for mobile and wireless devices, is making the followingtrading update at today's AGM: "The Company has traded in line with the Board's expectations for the first sixmonths of the year to 31 March 2008 with revenues of approximately £1 million(2007: £1.5 million), which is due primarily to an approximately 300 per cent.rise in GPS shipments compared to a difficult previous six months ended 30September 2007. Cash as at 31 March 2008 was £0.9 million before the receipt of£3.4 million from the placing announced on 7 April 2008. Overall the Company'sdevelopment remains on track." Sarantel expects to publish its interim results for the six months ended 31March 2008 in late June 2008. Enquiries: Sarantel David Wither, Chief Executive Officer 01933 670 560 Sitkow Yeung, Finance Director John East & Partners Limited 020 7628 2200 John East/Simon Clements College Hill 020 7457 2020 Adrian Duffield/Kate Norton Notes to Editors: Sarantel (www.sarantel.com) Sarantel is a leader in the design of high-performance miniature antennas forportable wireless applications including hand-held navigation, satellite radioand laptop computers. Sarantel's revolutionary ceramic filtering antennas offer dramatically improvedperformance over existing antenna designs, resulting in a clearer signal, betterrange and a 90 per cent reduction in the amount of signal radiation absorbed bythe body. Because of their smaller size and higher capabilities, Sarantel'santennas enable manufacturers to create innovative high-volume consumer productsincorporating technologies such as GPS, Wi-Fi, WiMax, 3G, GPRS, Satellite Radioand Bluetooth. This information is provided by RNS The company news service from the London Stock Exchange