Technology Update
April 18 2007 - 3:01AM
RNS Non-Regulatory
Twenty PLC
18 April 2007
FOR IMMEDIATE RELEASE 18 April 2007
TWENTY PLC
INVESTMENT IN SUBSIDIARY GIVES DATAFORCE DIRECT COMMUNICATIONS THE EDGE OVER
COMPETITORS
The Board of Twenty plc ("Twenty" or "the Company"), an AIM listed investment
vehicle focused on the marketing services sector, announces that it has made
significant technology investment in the warehouse management systems and
machinery at its subsidiary company Dataforce Direct Communications, which will
enable the business to not only provide a greater level of client service, but
retain its position as a leading player in the direct marketing sector here in
the UK.
KEY POINTS
*Investment provides platform for strong client portfolio growth
*Productivity to increase following significant equipment upgrades
*Enhanced market positioning gained from increased capacity
Capital expenditure of up to #860,000 has allowed for a new warehouse management
system to be implemented, improving infrastructure. This is combined with the
replacement of two production lines with Sitma W15 machines worth #740,000 which
together will have a positive impact on productivity.
For many of Dataforce Direct Communications' clients, there is a specific time
frame in which products need to be distributed to their end users. New
machinery, to be steadily rolled out across the warehouse floor, means that
these deadlines will continue to be met.
Ian Lancaster, Group Chief Executive, Twenty Plc commented on these
developments: "This significant investment in Dataforce Direct Communications
underlines the Company's commitment to growth. By upgrading machinery for
production lines and investing in new warehouse management systems we are able
to increase efficiency and therefore output.
"Dataforce Direct Communications works to strict deadlines set out by its client
base, and the new machinery means greater compliance with these. Furthermore,
this investment puts us in a position to service existing clients better and
increase our client base.
"Our focus is constantly on improving the service quality that we provide to our
existing client base, whilst cultivating new business opportunities. It is
important, however, that additional sales of #500,000 are achieved this year in
order to support this expenditure, and we are confident of meeting this target."
---ends---
Enquiries:
Twenty Plc Tel: 01604 673847
Ian Lancaster, CEO
ARM Corporate Finance Ltd Tel: 020 7512 0191
Nomad: qualified executive - John Simpson
Bishopsgate Communications Ltd Tel: 020 7562 3350
Dominic Barretto
Nick Farmer
Dataforce
Dataforce is one of Europe's leading outsource providers of customer
communication solutions. The company has a long established reputation for
helping clients build meaningful and long-term customer relationships through
its seamless offering of database services, multi-channel contact centre,
response management and fulfilment, direct mail and email marketing and its
pioneering Brand Advocacy approach. The Company's blue chip clients include
Cancer Research UK, the Directorate of Naval Recruiting, Sky and the Department
of Work and Pensions.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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