First Day of Dealings on AIM
21 June 2007 - 6:05PM
UK Regulatory
RNS Number:7520Y
Vicorp Group PLC
21 June 2007
Embargoed until 8.05am
21 June 2007
VICORP GROUP PLC
("Vicorp", "the Group", or "the Company")
ADMISSION TO AIM
Vicorp Group Plc (Ticker: VICP), a leader in the market for advanced service
creation technologies in the communications sector, is pleased to announce its
Admission to AIM. The Group provides software, which is coded in Voice XML
("VXML"), a programming language which is used to facilitate voice interactions
with computer systems. The Group has appointed Zimmerman Adams International
Limited as its Nominated Adviser and SVS Securities plc as its Financial Adviser
and Broker.
Admission Highlights
* The Group has raised #1.62million, before expenses
* The Group has placed 40,475,000 million shares at a price of four
pence
* On Admission the market capitalisation of the Group will be #7.7
million
Vicorp - Key Information
* Key product is xMP - an end-to-end Interactive Voice Response
("IVR") application which creates and manages complex voice and
data services
* Growth in the voice applications market is forecasted to grow at a
CAGR of 22 per cent. to 2009, and is estimated to be worth $1.2
billion at the end of 2007
* Global product and services agreements in place with Cable and
Wireless and IBM
* Vicorp's products are the technical leaders in the VXML tools
market
* Contract signed with Barclays Bank in April 2007 for development of
voice applications. In the Directors opinion, the contract may be
worth up to #2.75 million in the next two year period with revenues
being recognized on a project by project basis
* Considered "the leading independent vendor of service creation
tools in the market" by Datamonitor in March 2007
Brendan Treacy, Chief Executive of Vicorp, commented;
"We are delighted to announce our Admission to AIM, the culmination of two years
hard work for the Group and the start of the next phase of our development.
Vicorp's portfolio of leading products and the fund raising will allow Vicorp to
market this portfolio more extensively, and develop key partner and customer
relationships."
"At the same time as companies around the world look for better and more
efficient voice services to be made available to customers, so Vicorp is set to
use its technology to take advantage of this combined drive for better quality
and efficiency from IVR services."
For further information, please contact:
Vicorp Group Plc 01753 660 566
Brendan Treacy, Chief Executive
Zimmerman Adams International Ltd 020 7060 1760
Ray Zimmerman
SVS Securities Plc 020 7638 5600
Richard Morrison or Peter Manfield
Conduit PR 020 7429 6666
Christian Taylor-Wilkinson or Charlie Geller
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
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