Business
Unaudited Interim Results
Unaudited Interim Results.
About this update from Tekcapital Plc
[{"type":"text","content":"\n \nRNS Number : 1818Q Tekcapital plc 28 August 2014 \n \n\n \n \n28 August 2014\n \nTekcapital Plc\n \n(\"Tekcapital\", \"the Company\" or \"the Group\")\n \nUnaudited Interim Results\nfor the six months ended 31 May 2014\n \n \nTekcapital plc (AIM: TEK), an international provider of technology and intellectual property services, announces its unaudited interim results for the six months ended 31 May 2014.\n \nHighlights \n \n- IPO successfully completed in April 2014 raising gross proceeds of £2 million\n- The number of retained clients increased by 30% since flotation\n- Strong progress made towards the strategic objectives as set out in the IPO Admission Document as follows:\no expansion of the Company's sales and marketing team\no recruitment of additional support staff\no expansion of the service offering \no extension of Tekcapital's international reach\n- New offices opened in Florida, Singapore and London\n- Science Advisory Board strengthened further with seven new appointments to enhance the Company's offering in several industries\n- Strategic partnership formed with Blick Rothenberg and Cleveland IP to provide a solution to help U.K. companies benefit from the Patent Box tax law\n- Post period end, completion of the acquisition of InventionEvaluator.com\n- Cash at 31 May 2014 of £1.3 million\nCommenting on the results, Dr. Clifford Gross, Executive Chairman of Tekcapital plc, said: \n \n\"We have made solid progress towards a number of the goals that we set out when we came to market in April 2014. During the first half, we have made significant progress in establishing a foundation for achieving future growth including the opening of small office hubs in Miami, London and Singapore, hiring new sales representatives, developing initiatives to work with new strategic partners and expanding our scientific advisory board. This solid foundation gives us confidence in our future prospects for both growing the business and facilitating the creation of marketpl...