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AUS Amteus

7.75
0.00 (0.00%)
25 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Amteus LSE:AUS London Ordinary Share GB00B0NBKL01 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.75 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Trading Update

24/05/2007 12:09pm

UK Regulatory


    24 May 2007

                                  Amteus plc                                   

                   ("Amteus", the "Company" or the "Group")                    

                                Trading Update                                 

Amteus, the provider of private and secure IP based business communications
software, announces the following trading update.

As announced on 6 March 2007, the Group has refined its sales strategy from
majoring on the VoIP product seeking to sell it direct to customers, to leading
with the IM product and selling it through resellers. Since the new strategy
was adopted by the Group at the end of November 2006 the take-up from the
reseller sector has been encouraging.

The Company continues to focus on signing up resellers and has made progress in
recent weeks with a specific sales proposition for the educational sector,
which has been well received by the schools and their users.

The Company expects to announces its interim results for the six months ended
31 March 2007 in late June 2007 and will at that time be able to update
shareholders as to progress with resellers and sales to the educational sector.

The decision to suspend business development and marketing initiatives in the
United States of America which has resulted in Dr Aynur Unal leaving the
Company will enable the Group to concentrate all its resources on its UK
reseller and educational sector strategy. As a result of this decision there
will be cost savings of around £100,000 per annum. The Company plans to appoint
a distributor in the USA in due course.

For enquiries:

Amteus plc 01756 770376

Michael Abrahams (Chairman)

John East & Partners Limited 020 7628 2200

John East/Simon Clements/Johnny Townsend

Rawlings Financial 01756 770376

John Rawlings



END



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