Trading Update
20 1월 2010 - 4:00PM
UK Regulatory
TIDMMST
RNS Number : 8119F
Mid-States PLC
20 January 2010
PRESS RELEASE
20 January 2010
MID-STATES PLC (the "Company")
Update on current business
The Board is pleased to announce that in the first half of the financial year
ended 30 June 2010 the Company has seen continued progress in its air
disinfection business. The Board believes that the
new business strategy
adopted last year, its strengthened management team and the heightened awareness
of viral threats (including swine 'flu), through national and international
press coverage, have been significant factors in this progress.
Orders received in the six months ended 31 December 2009 for the Company's AD
air disinfection device totalled 679. These included larger orders from
distributors in Spain, the Middle East and Norway
together with others which
were predominantly relatively low volume sales to potential new distributors as
the Company seeks to establish sales channels in new markets, both in the UK and
internationally. The Company is presently working with or in discussions with 25
distributors in different market sectors and territories around the world. In
addition, there are now over 450 AD in use at UK hospitals, successfully and
demonstrably playing a key role in the ongoing fight against viral and bacterial
pathogens.
Revenue for the first half is expected to be close to GBP0.2 million and at 31
December 2009 cash at bank
was GBP0.94 million.
The Company expects to publish its Interim Financial Statements for the six
months ended 31 December
2009 towards the end of March and
further information on trading will be provided at this time.
Javier Segura, Managing Director, commented:
"Whilst we are only half way through the Company's financial year, which formed
a period of transition, I am encouraged by progress already achieved. The
continued strategy of expanding into non-healthcare markets and internationally
should bring further growth as we progress through the remainder of the
financial year."
For further information
Mid-States PLCTel: +44 (0) 20 7603 1515
Andrew Tonks, Finance Director
Panmure Gordon (UK) Limited Tel: +44 (0) 20 7459
3600
Andrew Godber
This information is provided by RNS
The company news service from the London Stock Exchange
END
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