RNS Number : 5457X
RCG Holdings Limited
26 June 2008
Press Release 26 June 2008
RCG Holdings Limited
("RCG" or "the Group")
Trading Update
Ahead of entering its close period, RCG Holdings Limited (AIM:RCG), a leading global
provider of integrated biometrics and RFID security
solutions, announces the following update on current trading in respect of the six months to
30 June 2008. The Group is pleased to report
that trading has been robust in the first six months of the current financial year with solid
progress being made across all segments,
comprising Consumer, Enterprise and Projects.
RCG expects revenues to be considerably higher during the first half of the current year,
as compared with the second half of last year
and above management's expectations and this is expected to flow through to the second half.Accordingly, although it is early in the
period, the Board expects to exceed market expectation for the full year. RCG anticipates
announcing its interim results in the first week
of September 2008.
The strong trading in the Projects segment reported earlier in the year has continued. The
Group anticipates further growth in this
segment following the successful strategic acquisition of Vast Base in May 2008, and Chance
Best in December 2007, coupled with multiple
contract wins in Southeast Asia, Middle East and Greater China. The two acquisitions have
greatly improved the Group's presence in the fast
growth anti-counterfeit and healthcare markets in the People's Republic of China.
In the Consumer and Enterprise segments, sales have also been strong following the Group's
collaboration with Acer and NEC, two of the
world's largest computer manufacturers. These successful partnerships clearly demonstrate
recognition of RCG's market leading product,
FxGuard Windows Logon Vista, in notebook security. The first half of the financial year has
witnessed the successful launch of several
innovative products into the enterprise security marketplace including K8, a biometric
security access system, i9 and S904 fingerprint
access control devices, M30 fingerprint door lock, and VxSkynet intelligent surveillance
system.
Commenting on the trading update, Dr. Raymond Chu, Chairman and CEO of RCG Holdings
Limited, commented: "We are delighted with the
Group's performance to date and the outlook for the second half. We are extremely pleased with
our sales achieved following recent product
launches. We remain confident and excited about the future prospects for RCG."
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For further information:
RCG Holdings Limited
Dr. Raymond Chu, Chairman & CEO Tel: 00 852 3669 6999
KC Chong, Chief Financial
Officer
kcchong@rcg.tv www.rcg.tv
Investec Investment Banking
Erik Anderson / Andrew Pinder / Rowena Murray Tel: +44 (0) 20 7597 5000
Media enquiries:
Abchurch
Henry Harrison-Topham / Chris Lane Tel: +44 (0) 20 7398 7702
henry.ht@abchurch-group.com www.abchurch-group.com
About RCG
RCG is a leading global provider of integrated biometrics and RFID security solutions,
which was listed on AIM in July 2004. The Group
has an aggressive growth strategy with a clear focus on developing new applications and
revenue streams for global roll-out, particularly in
the security applications industry.
This information is provided by RNS
The company news service from the London Stock Exchange
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