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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
@UK | LSE:ATUK | London | Ordinary Share | GB00B09Y8Y28 | 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% | 52.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
@UK PLC 08 May 2006 Immediate release 8 May 2006 @UK PLC ("@UK") @UK confirms seven Local Authorities @UK PLC, (AIM: ATUK.L) a leading provider of software solutions that facilitate eCommerce and eProcurement, announced at its Maiden Preliminary Results on 11 April 2006 that 72 local authorities had adopted @UK's eProcurement marketplace. @UK is pleased to confirm that seven of those local authorities are based in the North Yorkshire County, bringing together local authority buying activity across the region. Using @UK's unique trading hub and supplier technologies, Selby, Harrogate, Hambleton, Craven, Richmondshire, Ryedale and Scarborough District Councils are now building an integrated network of Procurement and eCommerce applications. This will enable complete electronic trading for both the council and their suppliers throughout the North Yorkshire region and beyond. Ensuring local economies are not disadvantaged by eProcurement is a key feature of @UK's approach with small business in the region standing to see a particular benefit from being part of the system - a low cost, fully functioning eCommerce trading website. Lyn Duncan, Managing Director of @UK said: "By joining North Yorkshire County Council in implementing the @UK platform, the collective benefits across the region will be enormous. Not only are the Local Authorities now going to be capable of reaching the all important 'Excellent' rating for their ODPM 'Priority Outcomes', but businesses across the whole of North Yorkshire are presented with an unprecedented opportunity to exploit the benefits of eCommerce as well as being part of the Government's eProcurement programme." David Gigg, Assistant to the Chief Executive at Selby District Council who is supporting the collaborative effort across the Districts said: "This is an exciting opportunity for the councils in North Yorkshire to achieve real savings from better Procurement. Since the @UK PLC system allows for the transactions of electronic purchase orders and electronic invoices, there are real cost savings to be had for both buyers and suppliers." For further information please contact: @UK PLC +44 (0) 118 963 7000 Lyn Duncan Managing Director John Aiken Finance Director Shore Capital +44 (0) 151 600 3700 Mike Sawbridge Smithfield +44 (0) 20 7360 4900 Sara Musgrave/Tania Wild Notes to Editors: eCommerce can be defined as the buying and selling of products and services over the internet. eProcurement is the particular process by which large organisations carry out their purchasing using eCommerce. @UK offers a unique solution within the field of eCommerce/eProcurement. Using its online network, public sector bodies such as local authorities, schools and hospitals and private sector enterprises can buy online from small to medium enterprises (SMEs), as well as larger suppliers. At the same time those suppliers generally set up a trading website on @UK which can be used to sell online to other businesses and even consumers worldwide. @UK is currently focused strongly on selling this approach to buyers throughout the public sector since this sector offers specific opportunities as a result of the UK Government's stated requirements for eProcurement. Currently, there are over 1,000 public sector bodies spending over #100 billion annually on goods and services with around one million suppliers. These public sector bodies have now been given specific performance targets in connection with eProcurement, and substantial sums have been invested by the Government in eCommerce platforms in both central and local Government. These projects form a core part of the 'Gershon' efficiency drive to save the public purse more than #20 billion annually by 2007/08. This drive followed the publication in July 2004 of Sir Peter Gershon's report, 'Releasing resources to the front line: Independent Review of Public Sector Efficiency'. In addition, the Government encourages public sector bodies to engage with local companies and stimulate their adoption of eCommerce. The Directors believe that @UK is ideally positioned to experience significant growth as these public sector bodies put in place the necessary online links with their suppliers. @UK listed on AIM in December 2005, raising #8 million before expenses at an issue price of 60p. @UK is included in the Software and Computer Services Sector (9530). For further information please visit www.ukplc.net. This information is provided by RNS The company news service from the London Stock Exchange END NRABRGDULGGGGLU
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