BVM Belgravium Tech

RNS Number:5315D
Belgravium Technologies PLC
25 May 2006

25 MAY 2006




                          BELGRAVIUM TECHNOLOGIES PLC

                           AGM AND TRADING STATEMENT

At the Annual General Meeting of Belgravium Technologies plc ("Belgravium" or
the "Company"), to be held at the offices of Teather & Greenwood Limited at 11am
today, Chairman John Kembery will make the following statement:

"Trading was slow in the first quarter of 2006 in all Belgravium companies, a
regular feature in the markets we serve. There has, however, been no significant
upturn in the second quarter and it has become evident that the contracts needed
to achieve anticipated sales are currently taking longer to negotiate and close.
  In addition to a cautious market, Belgravium Limited is coming under price
pressure and we are taking steps to address the impact of this.  This is much
less of a factor in Touchstar Limited ("Touchstar") and Novo IVC which are
exposed to a wider range of markets and have a lower reliance on hardware sales
than Belgravium Limited. It has taken us a little longer to replenish the sales
pipeline at Touchstar than we originally anticipated and we have therefore
focused the necessary resource in this area. In addition, one of the major
contracts anticipated to be won at the time of the Touchstar acquisition has
been deferred until next year. However, we expect Touchstar to trade well in the
second half of the year and we remain confident that Touchstar will prove to be
a successful acquisition for the Group.

Whilst we are confident that the order book will convert into revenues, there is
still limited visibility for the second half of the year.  It therefore appears
unlikely that the company will meet expectations for sales and profits for the
full year."



For further information please contact:

Buchanan Communications ltd                            Eric Burns/Alastair Watson
                                                       01943 883990

Belgravium Technologies plc                            John Kembery
                                                       Mob: 07770 731021
www.belgraviuminvestorrelations.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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