Trading Update
(Thomson Reuters ONE) - Press Release 24 July 2009 Atlantic Global Plc ("Atlantic Global" or "the Group") Trading UpdateAtlantic Global Plc (AIM: ATL), the specialist provider of integratedbusiness and resource management software applications, todayannounces a trading update prior to the announcement of its interimresults for the six months ended 30 June 2009, which are due to bepublished on 22 September 2009.Trading ResultsAs expected, turnover for the six months to 30 June 2009 was lowerthan the same period last year. The Group has incurred a loss beforetax of approximately £150,000 during this period. This arose due toadverse economic conditions affecting customers' procurement budgetsand also due to a slower than expected take-up of the OnDemandproduct. However, the Group did experience increased activity in thelast quarter. In addition, the Group secured a number of blue-chipOnDemand customers during the six months to 30 June 2009 includingMan Group Plc and GlaxoSmithKline Plc. Improvements to this producthave been launched during July 2009 to address some initial customerfeedback.Furthermore, Atlantic Global has secured first phase payments oncontracts with two significant global customers and the Group expectsfurther material revenue in the second half.OutlookThe pipeline of new business opportunities remains satisfactory andprogress has been made on contracts arising from partnershipopportunities. The Directors believe that the Group will produce animproved performance in the second half of 2009 but there can be nocertainty that the short falls experienced in this period will bemade up in the six months to 31 December 2009.Cash BalancesAs at 30 June 2009, the Group had net cash balances of over £2.265mcompared with £2.159m at 31 December 2008, showing an increase ofover £100,000. - Ends -For further information please contact:Atlantic Global PlcEugene Blaine, Managing Director Tel: +44 (0) 1274 863 300Rupert Hutton, Finance Directoreugene.blaine(at)atlantic-global.comrupert.hutton(at)atlantic-global.com www.atlantic-global.co.ukDaniel Stewart & Company plcGraham Webster / Charlotte Stranner Tel: +44 (0) 207 776 6550Media enquiries:AbchurchSarah Hollins / Mark Dixon Tel: +44 (0) 207 398 7729mark.dixon(at)abchurch-group.com www.abchurch-group.comNotes to Editors and Product Update:Atlantic Global develops and implements business management solutionsdesigned to manage businesses people, project and customerrelationship management processes. The solution includes fourintuitive, easy to use modules: time and expense management, projectmanagement, project portfolio management and customer relationshipmanagement. A key aspect of the Atlantic Global solution is costcontrol through better strategic planning, accurate cost capture andimproved resource utilisation.Atlantic Global is widely recognised by software industry analysts asbeing in the top 25 vendors within the emerging Project PortfolioManagement (PPM) market. More specifically, it is one of only twoEuropean organisations included in Gartner's 'Magic Quadrant' forPPM.Atlantic Global's software has been designed to be scalable to allorganisations no matter what size or complexity. The Group'scustomer base ranges from SMEs to global 1,000 organisations andincludes: Aircom International; Bank of Tokyo; GlaxoSmithKline;Norwich Union; Aviva; Provident Financial; Kingston Communications;The National Assembly of Wales; Tiscali, Capita National Strategiesand Virgin Mobile.Atlantic Global successfully launched an OnDemand (Software As AService) product in October 2008. The further development and sale ofthis product remains a key strategy for 2009 and beyond. The Grouphas received positive feedback from its customers who have adoptedOnDemand on the reliability and scalability of the product.New products include the following features with an objective ofmaking customers self sufficient:Multi-Tenancy: All OnDemand customers will use the same web sitereducing the overhead associated with adding and upgrading existingcustomers.Automated Data Load: A simple yet powerful function that allowscustomers to load their own data into the system without any need tocontact Atlantic Global.Integrated Training: Every major screen in the system will have alink to the Atlantic Global web site where customers will have accessto training videos and tutorials to support their use of the product.Further Improvements to the User Interface: The Group hasimplemented further changes to the user interface to make the systemeven more intuitive.House Keeping: The Group is introducing analytics which willcontinually assess the number of people accessing the system. Thiswill be used to quickly identify and remove customer trials wherethere is insufficient activity.Systems Administration: The Group has developed a tool to automatethe creation and removal of customer implementations. This willincrease the turnaround speed of getting customers up and running andalso reduce the administration cost.Pre-Configured Database: New customers will receive a pre-configureddatabase containing "best practice" configurations to supportdifferent approaches from Project and Resource management to widerbusiness disciplines including Customer Relationship Management,Helpdesk Management and Sales Management.These changes will improve the speed and ease of product adoptionwhilst significantly reducing the administration overhead, supportoverheads and cost of sales.Furthermore, it will now be feasible to offer very attractivepromotions to new customers at a relatively low cost to AtlanticGlobal.Traditional ImplementationsNew Product Initiatives:The next phase of development will introduce three key benefits tothe product.The first major feature will be to give customers access to thesystem using their mobile telephone.The second feature will be the introduction of an Advanced ContractManagement and Billing Module to help organisations to make theircontract management and billing processes more efficient.Thirdly, the Group will be introducing a new Organisational Profilingmodule to help larger organisations to gain better visibility ofresource utilisation across the business. It will also help toimprove the financial forecasting process throughout the business.All of these modules are scheduled are launch in the autumn of 2009and are geared at helping organisations to become more efficient andto prosper in challenging economic times.Founded in 1993, Atlantic Global is headquartered in West Yorkshire,England. It listed on the Alternative Investment Market (AIM) of TheLondon Stock Exchange in June 2001.---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 24.07.2009 - 08:02 Uhr
Sprache: Deutsch
News-ID 3936
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