SNS Silanis

TIDMSNS

RNS Number : 7206V

Silanis International Limited

18 January 2012

 
 RNS Release   18 January 2012 
 

Silanis International Limited (the "Company") and its sole investment,

Silanis Technology Inc. ("Silanis")

Trading Update

The Company (AIM: SNS) is pleased to provide a trading update on Silanis. The Company's sole investment is a 24.98% interest in the outstanding shares of Silanis, from which the value of the Company is derived. The Company expects to announce audited 2011 results for both companies by the end of March 2012.

As previously reported in the H1 2011 results published 30 August 2011, Silanis saw the continuation of revenue growth and profitability which began in H2 2010 as its core financial services target market recovered from severe global recession.

This trend has continued for full year 2011 as demonstrated by the contract wins announced to date. In particular, Silanis has added three top-10 North American banks as enterprise licensees in 2011. As a result the turnover for Silanis in 2011 is expected to be greater than twice that achieved in 2010 and Silanis also expects to report a profit for the full year 2011.

For further details, please contact:

 
 Silanis International Limited 
  Tommy Petrogiannis, C.E.O.      Tel: +1 514 337 
  www.sil-intl.co.uk              5255 
 Canaccord Genuity Limited       Tel: +44 (0) 20 
  Simon Bridges                   7050 6500 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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