Business
Pre close trading statement
Pre close trading statement.
About this update from Software Circle Plc
[{"type":"text","content":"\n Printing.com plc\n07 April 2006\n\n\n\n\n\n\nFOR RELEASE 7:00AM 7 APRIL 2006\n\n \n PRINTING.COM PLC\n ('Printing.com' or 'the Company')\n Specialist retail chain with Outlets across the UK\n\n\n Pre close trading statement\n\n\nThe Company is pleased to report that its un-audited management accounts\nindicate that its performance in the year ending 31 March 2006 is in line with\nexpectations. This was achieved notwithstanding the expenditure associated with\nthe launch of the Company's International Master Franchise.\n\nTrading in most of the Company's four week trading Periods has proved robust.\nThe expansion of the Company's estate in the UK and Ireland continues to gather\npace with most of the anticipated new Printing.com Territory Franchises now\ntrading and many additional Bolt-on Franchises having been recruited.\n\nFurther to the announcement of the Company's Master Franchise Programme on 14\nNovember 2005, discussions have begun with a number of parties. The Master\nFranchise will enable commercial printers in countries outside the UK and\nIreland to execute the Printing.com business model under a royalty agreement and\nuse its software and systems in return. The Company is presently attending IPEX\n(the international printing exhibition) promoting its Master Franchise and plans\nto undertake similar activity over the coming year. Based on the progress that\nhas been made to date, the Board remains increasingly optimistic about the\npotential of this programme.\n\nThe Company's Manchester Hub is currently being upgraded with a mezzanine floor\nnow in place providing additional production space. The work on this upgrade\nwill be completed by mid-summer and will increase capacity (based on Total\nRetail Sales of the network) to £40-£45 million.\n\n\nFor further information:\n\nPrinting.com plc\nTony Rafferty (Chief Executive) 079 665 17336\nAlan Roberts (Finance Director) 0161 848 5713\n\nCubitt Consulting\n\nBrian Coleman-Smith / Allison Reid / Nia Thomas 020 7367 5100\n\n\nThe Directors of Printing.com plc take full responsibility for this\nannouncement.\n\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":2568,"tagName":"div"}]