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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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@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 |
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0 | 0 | N/A | 0 |
@UK PLC 01 September 2006 Immediate release 1 September 2006 @UK PLC ("@UK") @UK expands customer base to Thames Valley Police @UK PLC (AIM:ATUK), a leading provider of software solutions that facilitate eCommerce and eProcurement in the local government and Health sectors, is pleased to announce that it has widened its customer base across the public sector buying organisations, by being selected to provide an eProcurement and e-invoicing system to Thames Valley Police (TVP). TVP, whose total spend on goods and services is over #40m p.a., is the largest non-metropolitan police force in the country. The force covers 2,200 square miles of Berkshire, Buckinghamshire and Oxfordshire and serves a population of 2.2 million people. The TVP area is policed by around 4,140 police officers, 350 Special Constables, 370 volunteers and 2,860 other police staff. The @UK Supplier Management System (SMS) will enhance existing TVP procurement systems by providing a mechanism to send electronic purchase orders to, and receive electronic invoices from all their suppliers, no matter what their size or existing electronic trading capability. Stage one of the project will be to create a link between the @UK supplier network and TVP administrative systems. This builds on @UK's wide base of experience in linking to similar financial systems in other areas of the public service. Over the next 3 months it is intended that the @UK PLC system will be rolled out to the majority of the force's 1,500 suppliers. Lyn Duncan, Managing Director of @UK PLC said: "We are delighted to have been chosen by TVP as their eProcurement provider. Working in partnership with an organisation that has such a well-deserved reputation for procurement excellence is an exciting step forward for us. It also widens our organisational experience into another area of the public service with tremendous potential for eProcurement. Once we begin to e-enable TVP suppliers, they are instantly available to be used by every other force in the country, one of the big advantages of our national supplier network. We look forward with keen anticipation, to working on the TVP project over the coming months." Barbara Hill, Procurement Manager at TVP said: "We believe the @UK PLC system offers TVP an ideal infrastructure on which to build our future procurement strategy. It provides both us and our suppliers with the ability to save time, increase efficiency in processing and eliminate the potential for error right through the supply chain. The @UK PLC e-invoicing capability for all our suppliers is an especially important part of the process. It establishes an ideal mechanism for us to achieve huge efficiencies in our administrative processes. It also affords suppliers the opportunity to reduce their costs significantly in dealing with us and the ability for both parties to share those benefits." 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. It purchased Coding International, its first acquisition since becoming a quoted company, in May 2006. @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 NRAAKDKNCBKKCCK
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