Business
AGM & Trading Update
AGM & Trading Update.
About this update from Advanced Medical Solutions Group Plc
[{"type":"text","content":"\n \nRNS Number : 9943H Advanced Medical Solutions Grp PLC 08 June 2011 \n \n\n8 June 2011\n \nAdvanced Medical Solutions Group plc\n(\"AMS\", the \"Company\" or the \"Group\")\n \nAnnual General Meeting and Trading Update\n \nWinsford, UK: Advanced Medical Solutions Group plc (AIM: AMS.L), the global medical technology company, will hold its Annual General Meeting at 11.00 today.\n \nDr. Don Evans, Chairman of the Company, will make the following comments on its current trading.\n \n\"I am pleased to report that the good start to the year, as highlighted in the 2010 Preliminary Results announcement on 8 March 2011, is continuing.\n \nFeedback from our partners in the US market on LiquiBand® continues to be very positive, with end user sales showing strong growth quarter-on-quarter. It is however important to reiterate that ex-factory sales in 2010 benefited from significant sampling and customer evaluation orders and that this will distort comparisons of LiquiBand® sales from 2010 to 2011. In this regard, sampling and customer evaluations are continuing, and we remain pleased with the rate at which hospitals are converting to regular usage. Overall, the Board is confident that AMS is well placed to grow its US market share and build a strong, global brand for LiquiBand®.\n \nElsewhere, our other key drivers for growth are also performing well. Our rebranding of ActivHeal® and its positioning for use on routine wounds is becoming better understood by practitioners and good progress is being maintained. Our foam business continues to grow well and we remain committed to the strategy of upgrading our processes and materials in order to deliver further value to the Group. Our partners continue to drive our silver alginate business forward, despite the slow-down in market growth rates.\n \nWhilst global economic conditions continue to be challenging, the Board is pleased to confirm that trading is in line with current market expectations for the full year 2011 and we remain confident about the long term prospects for the Group.\" \n \n \n- ends -\n \nFor further enquiries:\n \nAdvanced Medical Solutions Group plc &nb...