Trading update
July 04 2003 - 3:00AM
UK Regulatory
RNS Number:1626N
Vocalis Group PLC
04 July 2003
Vocalis Group plc
Trading update
Vocalis has continued to transform itself from being a technology development
company to a business solutions provider to the UK Contact Centre market. This
strategy has resulted in the successful implementation and delivery of our
customer projects, within time scales and budget, and has provided the Group
with strong UK reference sites at major and respected companies in the utilities
and financial services sectors. In addition, Vocalis has been able to build a
significantly stronger order pipeline than in previous years.
However, market conditions have been and remain extremely challenging. As a
result of this, and combined with the relatively small size of Vocalis and its
financial position, no material new orders have been secured since 31 March
2003.
As at 30 June 2003, the Group had cash balances of approximately #1.1 million
and a cash burn of approximately #375,000 per month. As a consequence, the
Directors are currently pursuing a number of strategic options available to the
Group.
A further announcement will be made in due course.
Enquiries:
Vocalis Group plc 020 7588 4000 (on Friday 4 July 2003)
Paul Wright, Chief Executive 01223 846177 thereafter
Credit Lyonnais Securities 020 7588 4000
Simon Bennett
Chris Crawford
This information is provided by RNS
The company news service from the London Stock Exchange
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