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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Formjet (See LSE:TQC) | LSE:FMJ | London | Ordinary Share | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.715 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7297S Formjet PLC 17 October 2005 Embargoed until: 0700h, 17 October 2005 Formjet plc ("Formjet" or "the Company" or "the Group") Extension of Panda Software Licence Formjet, the AIM listed alternative software vendor, announces the extension of its exclusive licence to distribute Panda software products in the UK. The original licence was due to expire in January 2006 but has now been extended, on the same contract terms, to January 2008. The Company and Panda intend to negotiate a further extension at the appropriate time. Panda is one of Formjet's key product ranges and has delivered strong revenue growth over the last three years. It is recognised as one of the principal anti-virus software providers worldwide and is the market leader in a number of European countries including Spain and Portugal. Commenting on the announcement Formjet Chairman and Chief Executive Lyndon Chapman said: "This is a very important development for the Group, which will enable us to execute our proposed expansion strategy for next year and beyond with the considerable contribution from our Panda business secured. We continue to believe that we can capture a sizeable slice of the UK IT security market and new marketing and PR campaigns coupled with loyalty programmes to our distributors and resellers are set to be announced for 2006. These will further differentiate the product from those of our competitors." "I am also pleased to announce that Panda International have given permission for our Ability software brand to launch antivirus and anti malware products under the Ability name and corporate style. This enables Ability to broaden its product range and open up its retailer successes to Panda based products. "Formjet continues to actively seek additional product sets to promote through its unique business model." Enquiries to: Lyndon Chapman Simon Hudson/Clemmie Carr Chairman & Chief Executive, Formjet Plc Tavistock Communications Tel: 0870 6061670 Tel: 020 7920 3150 Notes to editors Formjet Plc is a UK-based company with a highly distinctive business model. It acquires territorial rights to 'alternative' software products, and markets, sells, distributes and supports these products in place of the vendor in worldwide markets. The strategy has at its heart the proposition that we can acquire product lines in territories of not less than a country without the expense of either product development or the creation of IPR. The Formjet Group currently has four product lines: Panda Software and Filestream are UK licences and Ability and Software Dialog are worldwide. Formjet reaches a customer base of more than 250,000 direct customers and in excess of 3,000 corporate clients. This market penetration has been achieved through careful research into relevant territories and then applying the most suitable routes to market, whether through distribution and/or reseller partners, or via direct sales. Formjet acquired SouthCoast Distribution, a specialist OEM provider to system builders in July 2005. This information is provided by RNS The company news service from the London Stock Exchange END MSCGUGMWUUPAGMC
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