Stmnt re Share Price Movement

9 May 2005 07:01

K3 Business Technology Group PLC08 May 2005 K3 Business Technology Group plc ("K3" or "the Company") Trading Update The Board of K3 notes the recent movement in its share price and accordinglywishes to confirm that the Company's operating profit in 2004 was in line withmarket expectations and that trading to date in 2005 has been encouraging. In particular, K3 Landsteinar, the Microsoft Navision software provider,acquired in October 2004, has secured two new contracts worth a total of £1.0m.The contracts have been signed with a leading UK builders' merchant and SpaceNK, the luxury beauty product retailer. Space NK already uses K3's Elucidsolution for catalogue management and web ordering. Each contract is worth£0.5m. As previously stated, the Company's objective is to expand its businessactivities and the Board continues to review and evaluate acquisitionopportunities. The Company is currently in late stage negotiations with a thirdparty in respect of one such opportunity and, assuming a successful outcome ofthese negotiations, K3 hopes to announce its results for the year ended 31December 2004 at the time of the acquisition. A further announcement will bemade in due course. Enquiries: K3 Business Technology Group plc T: 01282 864111Andy Makeham, Chief Executive Biddicks T: 020 7448 1000Katie Tzouliadis/Zoe Biddick This information is provided by RNS The company news service from the London Stock Exchange