Change of Adviser
24 January 2009 - 3:42AM
UK Regulatory
TIDMFMJ
RNS Number : 1933M
Formjet PLC
23 January 2009
FORMJET PLC
('FORMJET' OR 'THE COMPANY')
(AIM:FMJ)
CHANGE OF ADVISER
The Board announces that Old Park Lane Capital plc has resigned as Joint Broker
to the Company with immediate effect.
ENQUIRIES:
Formjet plc
Tel: 01293 848 860
Lyndon Chapman, Executive Chairman
Tony Lee, Chief Executive
www.formjetplc.com
Dowgate Capital Advisers Ltd
Tel: 020 7492 4777
Liam Murray, Nominated Adviser
www.dowgate.co.uk
Dowgate Capital Stockbrokers Ltd
Tel: 01293 517 744
Neil Badger, Broker
www.dowgate.co.uk
Notes to Editors:
Formjet plc
Formjet plc is a UK-based company with a highly distinctive business model. It
acquires territorial rights to 'alternative' software products, and markets,
sells, distributes and supports these products in place of the vendor in
worldwide markets. The strategy has at its heart the proposition that the
Company can acquire product lines in territories of at least one country without
the expense of either product development or the creation of IPR.
Alternative Products
* Panda Software (UK) distributes Panda Software antivirus and Internet security
products in the UK. With its high margins and recurring annual renewal revenues,
Panda is an important contributor to the Group's sales and profitability.
* Ability Software International (ASI) distributes a powerful suite of office
products which, as well as being sold under their own branding, form an integral
part of the white label opportunities that Formjet is creating. Ability Software
International has also developed the ASI Business Software range. This comprises
eight titles, which include fully comprehensive office and graphics suites,
Internet security, a business plan development application, small business
accounting, appointment book management and staff records management software.
In September the Company also added a remote access tool called BeAnywhere to
this range. Significant growth in 2008 and further growth targeted in 2009.
* EdAlive edutainment software has opened up a new and growing market for Formjet
and now covers a wide range of core subjects including maths, word skills and
spelling.
Alternative Routes to Market
* Formjet Innovations is the specialist distribution arm of the Formjet Group
focusing on its alternative product range and associated alternative routes to
market. The focus here is on creating "white label" software, targeting retail
and brand leaders of importance.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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