AGM Statement
July 28 2009 - 2:00AM
UK Regulatory
TIDMTNG
RNS Number : 3537W
Tangent Communications PLC
28 July 2009
Tangent Communications plc ("Tangent")
AGM Statement
Tangent Communications plc, announces that at its Annual General Meeting, to be
held at 2.30pm today, Piers Caldecote, Chairman of Tangent, will make the
following statement:
"Trading in the first four months of the new financial year is ahead of our
expectations. Net cash remains above GBP2m.
Tangent Direct
Property sales are driven by the number of active accounts (branches) and volume
of transactions. The number of branches who have used our system has increased
by 37% in the last 7 months and we are beginning to see a recovery in unit order
levels from these clients. The integration of the VLM client base has gone well
and is making a profitable contribution.
Tangent One
Our web agency has performed particularly well. A combination of additional
revenue from existing clients, new client wins (Boots and RIBA) and the
integration of Lateral has contributed to its strong performance to date.
Tangent Labs
At the year end we announced that ZUI had won its first significant contract.
The build process is underway and the early signs are that the contract will be
larger than initially expected.
The Board is encouraged by the start to the year and the development of new
business areas into which we intend to continue to expand using our strong
financial position."
For further information, please contact:
+-------------------------------------------------+------------------------------+
| | |
+-------------------------------------------------+------------------------------+
| Tangent Communications plc | 020 7462 6100 |
+-------------------------------------------------+------------------------------+
| Nicholas Green (Joint CEO) | |
+-------------------------------------------------+------------------------------+
| Graeme Harris (Finance Director) | |
+-------------------------------------------------+------------------------------+
| | |
+-------------------------------------------------+------------------------------+
| Collins Stewart | 020 7523 8350 |
+-------------------------------------------------+------------------------------+
| Adrian Hadden/Stewart Wallace | |
+-------------------------------------------------+------------------------------+
About the Company:
Tangent is a leading integrator of technology and marketing strategy, delivering
for its clients improved customer engagement and revenue through direct mail,
web, email, mobile and print.
Tangent employs 175 people across three locations in London, Newcastle and
Cheltenham and is traded on AIM (AIM: TNG). Clients include Borders Books,
Citroen, Gala Coral Group, Halifax, Homeserve, The Labour Party, SAP, and
Wolseley Group.
For more information please visit www.tangentplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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