Orca Interactive Ltd
27 July 2005
For immediate release: Wednesday 27 July, 2005
ORCA INTERACTIVE LIMITED
AGM trading update
Orca Interactive (LSE: ORCA), a global market leader in developing applications
for IPTV, announces at today's Annual General Meeting that trading for the first
half of the year has been in line with management expectations.
Strong growth in Orca's pipeline of opportunities was reported at the time of
the Company's full year results announcement in February and this positive trend
has continued throughout the first half of the year. For this reason, Orca
remains confident that revenue expectations for the full year to December 2005
will be achieved.
Since the start of the year there has been a notable increase in interest from
operators in the North and South American markets. The Board of Orca has spent
this time reviewing the emerging opportunity in the Americas and has now
determined to commit extra resources to its partnership with Lucent to address
this sizeable market prospect in order to increase customer deal flow. As a
result, there will be some investment in sales and marketing and staff
relocation to the US over the coming year, which is not expected to exceed $2m
in the current financial year. The first customer deals to arise from this
investment are expected to occur during 2006.
Haggai Barel, CEO, commented, 'Historically, our focus has been on the rapidly
growing European and Asian markets but as the opportunity in the Americas has
emerged during 2005, so it has become increasingly important for us to build a
presence there. Our partnership with Lucent provides us with a perfect
opportunity to enter this market with maximum support and minimum risk.'
For further information:
Haggai Barel +972 9769 9400
CEO, Orca Interactive
James Melville-Ross / Cass Helstrip +44 20 7831 3113
Financial Dynamics
About Orca Interactive
Orca Interactive (LSE-ORCA) is a leading provider of IPTV middleware and
applications for broadband network operators and service providers. Orca enables
triple-play providers to deliver a full array of attractive video-over-IP
services that generate new revenue streams and strengthen customer loyalty.
Leveraging a flexible telco-grade middleware platform, Orca empowers operators
to deliver broadcast TV, video on demand (VOD), personal video recording (PVR),
home media and other compelling interactive services. Orca's SI-enabled
solutions are designed for easy outsourcing of integration services by an
operator's preferred systems integrator. Orca has formed strategic partnerships
with leading players across the IPTV value chain to ensure best-of-breed
solutions with low total cost of ownership. For more information, please visit
http://www.orcainteractive.com/
This information is provided by RNS
The company news service from the London Stock Exchange
Translate
