FUZ8 Fuse 8

TIDMFUZ8

RNS Number : 8827E

Fuse 8 PLC

14 April 2011

 
 Date:              14 April 2011 
 On behalf of:      Fuse 8 plc ('Fuse 8' or 'the Company') 
 Embargoed until:   0700hrs 
 

Fuse 8 plc

Pre-Close Trading Update

Fuse 8 plc (AIM: FUZ 8), the full service digital marketing agency, is pleased to provide an update on trading for the year ended 31 March 2011 in advance of its Preliminary Results announcement, which is expected to be made in June 2011.

The second half of the financial year has continued to progress steadily and the Company expects to report revenues and profits before exceptional items in line with current expectations. The exceptional items during the period relate to the costs of Fuse 8's admission to AIM and the acquisition of Delete Digital Marketing.

Despite the fragile UK economy the Company has continued to see increased levels of activity as both existing and new clients turn to Fuse 8 to help them deploy digital marketing strategies and campaigns.

New business wins have continued at a good pace, with new clients including: London Stock Exchange, Olympic Park Legacy Company and Welcome to Yorkshire. Some sectors, such as the public sector, have shown a slowing in clients' decision making, however the overall pipeline is still strong.

The Company's new office in London, acquired in December 2010, has been successfully integrated into the Fuse 8 infrastructure, and has increased the opportunities for the enlarged Company within its key markets.

The outlook over the next financial year remains positive and the Company expects to further increase revenues and profits whilst also actively reviewing acquisition opportunities for complementary businesses that will both add to the Fuse 8 client offering, and drive shareholder value.

The Company is also pleased to announce that Mark Walton, currently Executive Chairman of Fuse 8 Group plc, will now be focusing on strategic technology development for Fuse 8. Such development is intended to keep the Company at the leading edge of communications capabilities. Mr Walton will remain on the Board of Directors and become the Non-Executive Chairman.

Commenting Nigel Hunter, Chief Executive Officer said:

"We are pleased with the progress that the Company has made since joining the market, and we continue to win clients and service our growing client base.

"We know that we cannot be complacent about the condition of the economy and recognise the need to continue to deliver exceptional service and results to our clients in order to maintain the continued growth of Fuse 8."

For Further Information please contact:

 
 Fuse 8 plc 
 Nigel Hunter/Graeme Burns              Tel +44 (0)113 260 4600 
 
 finnCap 
 Geoff Nash/ Charlotte Stranner         Tel +44 (0) 20 7600 1658 
 
 Redleaf Communications 
 Rebecca Sanders-Hewett/ Lucy Salaman   Tel +44 (0) 20 7566 6700 
 

Notes to editors:

Fuse 8 is a full service digital marketing specialist covering a wide spectrum of services, ranging from creative development services to Search Engine Optimisation (SEO). Fuse 8, has offices in Leeds and Russia, centres most of its services around enhancing clients' reputations by helping to market and build their brands. The Group's principal expertise is in assisting its clients to build, grow and develop their online brands and, through this, help to drive sales and market share growth.

Fuse 8's current service offering encompasses the six main sectors below:

-- Online Design & Build

-- Digital Marketing

-- Creative Services

-- Media Planning & Buying

-- Marketing Consultancy

-- Online Press & Public Relations, Online Content

Fuse 8 was founded in 2000 by Mark Walton and Andy Hutchinson. As an early adopter of online technology, the Company has spent ten years developing and refining its digital marketing offering and has grown rapidly in a fragmented marketplace. The business now services more than 100 clients across the UK, Continental Europe, and the USA. Major clients currently include: Adidas, Arla Foods, Alton Towers, Asda, British Airways, Central Office of Information, Manpower, Miele, Persimmon Homes, Soreen, and UK Trade & Investment.

Fuse 8 is listed on the London Stock Exchange under the symbol FUZ8. Further information on the Company can be found at www.fuse8.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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