Arria NLG PLC Product Launch

TIDMNLG

Arria NLG PLC

31 August 2016

Arria NLG plc

("Arria NLG" or the "Company")

Product Launch

Arria NLG (AIM: NLG), a technology leader in Natural Language Generation ("NLG"), is pleased to announce the public beta launch of Recount, a Software as a Service ("SaaS") business reporting tool designed to work with large online accounting systems such as Xero, Quickbooks and Sage, providing customers with instant financial insights, expressed in plain language.

Recount is an Artificial Intelligence (AI) solution developed by Arria NLG for use by small and medium sized businesses, to provide them with access to full time skills common to financial analysts, spotting trends, identifying problems, and forecasting what's likely to happen next. Using Arria NLG's patented technology, the Company has created a SaaS based solution which will provide reports with relevant details, in seconds.

The Public Beta will include a free Healthcheck Report which demonstrates:

-- NLG Narrative

-- Interactive charts

-- Detailed Sales Report

-- Detailed Cash Report

-- Detailed Expenses Report

-- Detailed Receivables Report

-- Simple Sales Forecast

-- Word Export

Recount has been integrated into Xero's offerings for release in Australia and New Zealand, and will be available for Xero and Quickbooks in the USA by December, with more integration partners to come. Recount provides users with natural language narrative, interactive charts, detailed reports on sales, cash position, expenses and simple sales forecasts; all able to be exported to Microsoft Word and available for as little as the equivalent of GBP20 per month.

Sharon Daniels, Chairman and Interim CEO of Arria NLG plc, commented: "Recount literally tells you what is happening in your business. It is exciting to be at the start of this growth journey with Artificial Intelligence for small and medium sized businesses. Quickbooks' SaaS service alone has over 1.5 million users worldwide, with XERO on 700,000 and growing fast. We believe that both Quickbooks and XERO users will see Recount as a way to turbocharge their existing process.

"This is a key milestone in our journey to expand our product offerings and develop ongoing recurring revenue models for our patented NLG technology."

For further information, please visit www.arria.com or contact:

 
Arria NLG plc                              Tel :+44 (0)20 7100 4540 
 Sharon Daniels 
 Chairman and Interim CEO 
--------------------------  --------------------------------------- 
Allenby Capital                            Tel: +44 (0)20 3328 5656 
 Nominated Adviser & Joint 
 Broker 
 Nick Naylor 
 Jeremy Porter 
 James Reeve 
--------------------------  --------------------------------------- 
MSL Capital Markets                          Tel: +64 (0)4 472 2716 
 Lead Manager 
 Andrew McDouall 
 Justine Dunnett 
 Peter Lynds 
--------------------------  --------------------------------------- 
Stockdale Securities                       Tel: +44 (0)20 7601 6100 
 Joint Broker 
 Antonio Bossi 
 Robert Finlay 
--------------------------  --------------------------------------- 
IFC Advisory                               Tel: +44 (0)20 3053 8671 
 Financial PR and IR              tim.metcalfe@investor-focus.co.uk 
 Tim Metcalfe                   graham.herring@investor-focus.co.uk 
 Graham Herring              heather.armstrong@investor-focus.co.uk 
 Heather Armstrong 
--------------------------  --------------------------------------- 
Ruder Finn                                     Tel: +1 541-326-5847 
 PR (USA)                                      Tel: +1 203-246-1304 
 Scott Beaver (West Coast) 
 Brianna Mulligan (East 
 Coast) 
--------------------------  ---------------------------------------

Arria NLG

Arria NLG's core product is known as the Arria NLG Platform, a form of artificial intelligence software specialised in extracting information from complex data sources and communicating that information in natural language (i.e. as if written by a human). The scientific foundation for the Arria NLG Platform is based on more than 30 years of research and development by the founders of Arria Data2Text Limited at the University of Aberdeen. For additional information, visit www.arria.com. Follow Arria NLG on Twitter, LinkedIn, Google+ and YouTube.

About Recount

Find out more at recount.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 31, 2016 02:01 ET (06:01 GMT)

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