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HEM Hemosense

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0.00 (0.00%)
After Hours
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Hemosense AMEX:HEM AMEX Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Trading Statement

03/11/2003 10:25am

UK Regulatory


RNS Number:5649R
Hemscott PLC
03 November 2003

                                  HEMSCOTT PLC

            TRADING UPDATE, NEW BUSINESS AND LAUNCH OF NEW PRODUCTS


Hemscott plc, the award-winning provider of business and investment information,
today announces that for the year ending 31 December 2003, the company expects
to report a substantially improved performance year on year with the outturn
significantly ahead of current market expectations.

This strong position has been achieved through top line growth across the
business and tight cost control. Improvements in product margins and strict cash
management controls have resulted in the company being cash flow neutral for the
first time throughout the third quarter of the year. However, the company will
continue with its successful strategy to invest in growing the business.

Hemscott has benefited from the recovery in both the private investor and media
sectors and has over 6000 retail customers paying for subscription services.
Hemscott is now the UK's leading provider of subscriptions services for the
private investor. For the third year running, the company won the Investors
Chronicle award for the best information and research provider.

Hemscott also announces the signing of an enterprise wide agreement with KPMG
LLP, one of the UK's largest professional services firms, for the provision of
its leading online professional research service, Company Guru and a data
outsourcing contract with Hewitt Bacon & Woodrow, part of the global HR
outsourcing and consulting firm Hewitt Associates.

The company continues to innovate and deliver new, proprietary products to
market. Most recently, it launched Premium Plus, aimed at the sophisticated
private investor and stockbroking communities. The service, based on Hemscott's
proprietary database, includes individual company facts reports, corporate
calendars, user-defined real-time stock tracker and a comprehensive suite of
proprietary tools to assist in better-informed investment decisions.

Hemscott also announces today, the launch of a new 'Directory of Directors'
module within the Company Guru service which adds a further 42,000 UK directors
profiles to the service.

Hemscott also remains the leader in Corporate website solutions with over 300
clients and over 35% of the FTSE 100.

Ros Wilton, CEO stated: "Hemscott continues to make excellent progress. Annual
recurring revenues and continual product innovation are bringing us closer to
profitability which remains our goal."

ENDS

For further information contact:

Ros Wilton, Chief Executive Officer
Hemscott plc Tel: 020 7496 0055

Matthew Smallwood Tel: 020 7457 2020
College Hill

NOTES TO EDITORS

Hemscott plc

   *Hemscott is a leading UK and European business information and research
    company that owns and operates a leading database providing extensive UK and
    European company fundamentals and director information. The company's main
    focus is the collection, sale and distribution of financial, corporate and
    professional data.


   *Hemscott provides data products, on-line investor relations solutions and
    media and investment services to a client base comprised of listed
    companies, financial organisations, professional advisers and sophisticated
    retail investors.


   *Hemscott is the leading provider of online investor relation websites to
    UK public companies (over 300 public companies and 35% of the FTSE 100).


   *Hemscott owns and operates the leading business research website,
    www.hemscott.net.


   *For more information about the company visit www.hemscottplc.com



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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