RNS Number : 1260U
  Clinical Computing PLC
  11 May 2008
   


                             CLINICAL COMPUTING PLC

                            2007 PRELIMINARY RESULTS





Clinical Computing Plc ("Clinical Computing", the "Company" or the "Group"), the

international developer of clinical information systems for the healthcare

market, announces its preliminary results for the year ended 31 December 2007.

During 2007 the Group traded through three operating subsidiaries: Clinical

Computing UK, Ltd. in the United Kingdom and Europe, Clinical Computing, Inc. in

the United States and Clinical Computing Pty Limited in Australia.





On 22 February 2008 Datanet Research Limited (a wholly owned dormant subsidiary

of Clinical Computing Plc) acquired the business and certain assets and

liabilities of Program Management Group Plc ("PMG").  The acquisition included

approximately 50 customer contracts and PMG's project management and resource

planning software.  On the 28th February 2008 Datanet Research Limited changed

its name to Hydra Management Limited.







Financial Overview



·   Revenue increased 5.2% to £1,875,083 (2006: £1,781,658)



·   Operating costs consistent with prior year £2,717,112 (2006:

    £2,725,385)



·   Loss from operations reduced by 10.8% to £842,029 (2006: £943,727)



·   Loss per share of 2.0p (2006: loss 2.6p)



Business Review





·   Transferred listing from Official List to AIM



·   Fundraising completed on AIM in November 2007 raising £1,810,000 to

    advance development of Clinical Vision Web



·   Secured reseller agreement with Gambro opening Canadian market



·   Clinical Vision Web being tested by customers with view to go-live

    later this year



Subsequent Events





·   Acquisition of resource management software company completed



·   Further fundraising in February 2008 of £545,000 to strengthen 
balance

    sheet





Commenting on Outlook, Howard Kitchner, Chairman of Clinical Computing, said:





"The Group is at the early stages of an exciting partnership with a global

medical technology company and together with our recent acquisition and expected

release of our web based Clinical Vision solution entering the market in 2009 we

hope to report decreasing operating losses in 2008 with a move to profitability

in 2009."





Contacts:

Clinical Computing plc                                    http://www.ccl.com

Joe Marlovits, Chief Executive                            020 8747 8744



Dowgate Capital Advisers Limited                          020 7492 4777

James Caithie / Simon Sacerdoti







Chairman's and Chief Executive's Report





Business overview



We are pleased to report that the Company has had a number of significant

accomplishments since the interim report was published in September 2007.

Since then the Company has:



 · Completed the process of moving its listing from the Official List to AIM



  · Equity placing - raising £1,810,000 (before costs)



  · Signed a reseller agreement with Gambro (a global medical technology

    company)



  · After the year end the Company completed the acquisition of the 
business

    and certain assets and liabilities of the Programme Management Group Plc 
("

    PMG") and raised a further £545,000 of equity (before costs) to 
strengthen

    the Group's balance sheet
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