Chris Batterham, Chairman of Eckoh will provide the following trading statement at the Company's AGM later today:
'I am pleased to report that the Company has continued to experience strong levels of new business activity during the first Quarter of the new financial year and that current trading remains in line with market expectations.
Contracts secured in the prior financial year have contributed to the trading performance of the Company comfortably exceeding that of the corresponding period in the prior year. We have also announced significant five year contract wins with a major financial services company and with Capita Customer Management to provide technology support to one of its existing clients, a leading UK distribution business. These contracts will commence generating revenue in the second half of the financial year ensuring additional growth over the remainder of the year and beyond.
In addition to this organic growth we can report that integration of Veritape Limited, a provider of call recording software and on-premise secure payment solutions, is progressing well and that since the acquisition it has already secured both contracts with new clients and additional orders from existing customers. The rationale for broadening Eckoh's product mix through the Veritape transaction is already showing signs of success with a number of existing customers now evaluating our expanded portfolio of products.
The enlarged Eckoh group continue to enjoy a fluid pipeline of opportunities and are particularly enthused about the developing partnership arrangements which are in place. The combination of Eckoh's established multi-channel customer proposition and secure payment solutions coupled with the additional uplift from the acquisition of Veritape gives the Board confidence that the growth seen in recent periods will continue in the current financial year and foreseeable future.'
For further enquiries, please contact:
Eckoh plc Nik Philpot, Chief Executive Officer
Adam Moloney, Group Finance Director
Tel: 01442 458 300