AGM Statement (1818K)

TIDMBRU

RNS Number : 1818K

Brulines Group PLC

12 July 2011

 
 Press Release   12 July 2011 
 

Brulines Group plc

("Brulines" or "the Group")

AGM Statement and Trading Update

Brulines Group plc (AIM:BRU), the leading provider of real time monitoring systems and data management services for the leisure and forecourt solutions sectors, will be holding its Annual General Meeting today at 09:00 hrs at Grant Thornton UK LLP, 1 Whitehall Riverside, Leeds.

James Newman, Chairman, will provide the following trading update at today's meeting:

"Trading in the first quarter has been in line with management's expectations. We are pleased to report encouraging commercial progress across the Group, particularly for the iDraught, Nucleus Smart till and Vianet vending telemetry solutions.

"The Forecourt Solutions division's operational integration is progressing to plan, whilst its end to end product portfolio is developing strong interest with forecourt operators.

"Whilst the economic backdrop remains challenging, the progress that the Group has made on key products provides encouraging divisional growth prospects and the Board is confident that this will drive a return to growth this year."

- Ends -

Enquiries:

 
 Brulines Group plc 
 James Dickson, Chief Executive   Tel: [phone] 
                                                    800 
 [e-mail] 
 
 
 Cenkos Securities plc 
 Stephen Keys / Camilla Hume   Tel: [phone] 
                                               8900 
                                     www.cenkos.com 
 

Media enquiries:

 
 Abchurch Communications 
 Joanne Shears / Mark Dixon / Oliver           Tel: [phone] 
  Baxendale [e-mail]                      7729 
                                             www.abchurch-group.com 
 

About Brulines

Brulines Group is focused on the provision of real time monitoring systems and data management services for the UK's leisure and petrol forecourt sectors. Since its admission to AIM in 2006, the Group has grown both organically and through a series of strategic acquisitions to give the Group access to key vertical markets. The Group operates two divisions which comprise five key products:

LEISURE DIVISION

 
 Dispense Monitoring   The Group's core product, DMS, is widely used 
  (DMS)                 by owners and operators within the UK licensed 
                        on-trade, especially the tenanted / leased 
                        pub sector. Flow meters connected to draught 
                        beer dispense lines send data via an on-site 
                        communication panel to a secure central database. 
                        Liquid volumes by fount, draught wine or post 
                        mix are tracked as they are served, thereby 
                        helping customers to maximise sales, service 
                        and quality as well as managing their costs. 
                        DMS is installed in over 22,000 pubs and manages 
                        data for more than one in three UK pubs. 
 i-draught             A more recent and rapidly growing product offer is 
  (formerly BQM)       i-draughtTM, an extension of the Group's DMS, which 
                       scrutinises the quality of products running through 
                       beer lines in a bar; measuring volume, temperature, 
                       flow rate and liquid type (e.g. beer, cleaning fluid or 
                       water) at the point of dispense. i-draught is the first 
                       system to provide effective measurement of true yields 
                       on draught products. Actual dispense volumes are 
                       compared with till transactions to identify shrinkage 
                       from products given away, pilferage and wastage. 
                       i-draught measures the precise temperature of every 
                       pint as it is dispensed, the time taken to dispense 
                       each drink, and automatically identifies the liquid 
                       allowing customers to know exactly when lines are 
                       cleaned. Wherever they are, customers can stay in 
                       control through accessing their information on a secure 
                       web site. 
 Gaming                The acquisition of Coin Metrics in May 2007 was a 
  Machine Data          strong strategic fit with Brulines' existing Machine 
  Services              Insite business which already provides gaming machine 
                        data management and consultancy services to operators 
                        within the pub, club and leisure markets. Customers 
                        benefit from state-of-the-art real-time data capture 
                        and reporting systems that deliver improved machine 
                        profitability and operational security. 
 Vending               The Group's subsidiary Vianet is a pan-European 
  Telemetry            provider of telemetry solutions and data applications 
                       to the vending industry. Vianet provides services for 
                       all vending management needs; from operations, sales, 
                       field services, national accounts to senior 
                       management. 
 

FUEL SOLUTIONS DIVISION

 
 UK Petrol        The Group's wholly-owned subsidiary, Edensure, supplies key 
  Forecourt       management information to independent, multi branded owner, 
  Data Services   and supermarket petrol forecourt operators in the UK which 
                  helps reduce loss of fuel and improve profitability. 
                  Edensure provides petrol retailers with an unrivalled level 
                  of accuracy in the monitoring and management of their wet 
                  stock, using the most sophisticated analytical techniques 
                  available worldwide. This division has been further 
                  strengthened by the acquisitions of Energy Level Systems in 
                  March 2010, the UK distributor of OPW Fuel Management 
                  Systems tank gauging solutions, and Retail & Forecourt 
                  Solutions in June 2010, the market leader in fuel pump 
                  calibration, adjustment and legal verification, and also a 
                  leading provider of forecourt audit and compliance services. 
                  The acquisition of LBI Installations Ltd, also in June 2010, 
                  brought additional expertise in the area of web-based 
                  contract management solutions for forecourt operations. 
 

Headquartered in Stockton-on-Tees, Brulines employs more than 240 people.

For further information, please visit www.brulines.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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