Trading Statement

 

TIDMSKHG 
 
RNS Number : 4405H 
Sky High PLC 
22 February 2010 
 

22 February 2010 
                                  SKY HIGH PLC 
                          ("Sky High" or the "Company" 
 
                                TRADING STATEMENT 
 
The Board of Sky High (AIM: SKHG), is pleased to provide an operational update. 
The Company has come through the recession in a strong and stable position 
through a combination of carefully managed fixed costs, increasing sales and 
investing in software and hardware.  Sales are back to last year's levels and 
are expected to increase in all its operating units as the Company's long term 
business plans take hold.  The Company does not expect to increase its fixed 
costs over this period. The Company is active in recruiting sales and marketing 
executives experienced in the data capture and data collection field. 
 
Sky High Technology Limited has operated at record levels this year and 
enquiries are at an all time high.  The important enquiries-to-sales conversion 
ratio has remained stable. 
 
Sky High Data Capture (SHDC), formerly Halifax Computer Services, has completed 
its first full year's trading within the Sky High Group.  SHDC remains 
profitable and is looking to expand its existing client base.  SHDC will  focus 
on growing its traditional work source and increasing profitability by 
outsourcing. 
 
Sky High Australia Data PTY has implemented some major changes.  It has won new 
framework agreements whilst retaining its existing agreements.    It has seen 
its orders grow by 48% since 1st April 2009 and has become a key player in the 
Australian vehicle data collection industry.  It has also reduced its fixed 
operating costs.    It is expected to add value by increasing its outsourcing 
abroad by up to 200% 
 
Diversification 
 
The Board continues to support and invest in the research and development of 
technologies and software which brings new opportunities for data collection 
such as vehicle tracking software.   Sky High is also actively engaged in inter 
company trading and joint ventures to help develop its overall strategy and 
therefore the growth of its business. 
 
Acquisitions 
 
The Board continues to review potential acquisitions and is actively engaged in 
finding and assessing suitable targets. 
 
 
 
For further information, please contact: 
 
+------------------------------------------------+-----------------+ 
| Sky High Plc                                   |                 | 
+------------------------------------------------+-----------------+ 
| Mark Mattison, Chief Executive Officer         |   01937 833 933 | 
+------------------------------------------------+-----------------+ 
|                                                |                 | 
+------------------------------------------------+-----------------+ 
| Astaire Securities Plc - Nominated Adviser &   |                 | 
| Broker                                         |                 | 
+------------------------------------------------+-----------------+ 
| Shane Gallwey                                  |   020 7448 4400 | 
+------------------------------------------------+-----------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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