Touchstar PLC Trading Update (1567B)
08 January 2018 - 6:00PM
UK Regulatory
TIDMTST
RNS Number : 1567B
Touchstar PLC
08 January 2018
8 January 2018
Touchstar plc
Trading Update
The Board of Touchstar plc ((AIM:TST) 'Touchstar', the 'Company'
or 'the Group'), is pleased to announce that it expects the outcome
for its financial year ended 31 December 2017 to be in line with
market expectations with profit, adjusted for exceptional items,
after tax expected to be approximately GBP400,000 on turnover for
the year of approximately GBP8 million. The second half has seen
continued progress in delivering new solutions and phasing out old
products and pleasingly the second half has seen two subsidiaries;
Touchstar OnBoard Retail and Touchstar Proof of Delivery, deliver
significant roll outs of recently developed software solutions.
Touchstar Onboard Retail a provider of Onboard Retail Technology
to the Travel Retail industry for over 30 years, has completed the
implementation and roll out of its NovoStar Onboard retail solution
across the entire fleet of Sri Lankan Airlines' aircraft. The
Novostar solution supports both the in-cabin front end sale of
products on standard android-based devices which is then integrated
into NovoStar's cloud based back office suite. The NovoStar back
office includes various functions; inventory management, galley
planning, pricing and sales data. This functionality is supported
with a sophisticated reporting suite which provides critical and
real-time information that can be published on a management portal
as well as conventional reports.
Touchstar Proof of Delivery is a provider of Electronic Proof of
Delivery (EPOD), job and vehicle management solutions to the
commercial fleet sector has recently successfully piloted, and now
due for roll out January 2(nd) at React Transport. React are
specialists in fragile freight distribution offering same-day
nationwide and European express transport and warehousing. The
Cloud-based PodStar system offers a planning and vehicle management
tool that automates existing manual processes. Using real time job
information, clients are able to drag and drop jobs onto the
relevant vehicles. Built-in checks, ensure that vehicles are not
overloaded. Once a manifest has been created it is then
automatically sent out to the drivers remotely in the field. Once
downloaded the driver can receive their jobs and complete in real
time.
Commenting on the roll-outs, Mark Hardy, CEO of Touchstar,
said:
"These roll-outs are further key milestones for Touchstar new
product innovations. In both instances, the project leaders on
either side of the partnership performed well and the
implementation of the systems in a timely period was due to their
combined efforts and the ease with which cloud based systems can be
implemented."
For further information, please contact:
Touchstar plc Ian Martin 0161 8745050
Mark Hardy 0161 874 5050
Mike Coe/Ed
WH Ireland - Nominated Adviser Allsopp 0117 945 3472
Information on Touchstar plc can be seen at:
www.touchstarplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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