THE FUTURE IS BRIGHT - THE FUTURE IS EICOM

JA
probably haven't replied because its in the interim report, despite them being tossers!

Chief Executive's Review
Overview
I am pleased to report that the company continues to make good progress with its
plans to create a portfolio of digital TV channels. Currently the company owns
and operates Performance Channel, SciTech TV and the Job Channel.
The channels continue to gain contracts outside the UK and, with the signing of
an agreement for the carriage of the Performance Channel on the T-Kabel cable
system in Hungary, we are pleased to announce that it is now carried on 11
platforms in countries across Europe including Denmark, Belgium, The
Netherlands, Germany, Portugal, Latvia, Slovenia and Hungary with a reach of
more than 1 million homes outside the UK.
Trading
In the UK, advertising revenue on Performance Channel was up on the previous
year by 20%. Revenues from the daytime sale of three home shopping hours per day
and the sale of the channel's overnight hours to a third party broadcaster have
been consistent throughout the period.
The company's science channel, SciTech TV, has been slower to launch in
territories outside the UK than expected, but progress is being made both in
Europe and further afield. Following the Company's most recent visit to India,
new contractual opportunities have emerged for SciTech TV to be distributed
across cable and satellite platforms throughout the sub-continent. The directors
are considering this and their existing relationships in India.
Job Channel's software required considerable re-building as the company's sales
model has been re-engineered in order to address the recruitment needs of
Government departments and agencies. Revenues have, therefore, been
significantly down because of this, but important relationships have been
developed. We are also pleased to announce that an agreement has been reached
with Available4 Limited, a temporary staff mobile phone SMS service which tracks
temporary vacancies. This service acts as a back-up and complementary offering
to the Job Channel with temps able to use SMS text messaging to switch their
availability for work on and off.
Results
The results were affected by the software rebuild at the Job Channel. However,
despite this and SciTech TV performing below expectation, turnover rose
substantially to £421,000 and was greater than that in the whole of the last
financial year (12 months to June 2005: £365,000). The Company recorded an
EBITDA loss of £410,000 and a net loss of £504,000 for the period.
Trading Outlook
Despite revenues being lower than anticipated for two of the three channels, the
company is satisfied with its performance in the six months under review. We are
continuing to see strong international demand for our channels and are hopeful
of further expanding our channel portfolio and our revenue streams over the
course of 20.... etc
from the pdf at eicom.co.uk