AGM Statement
September 03 2009 - 2:00AM
UK Regulatory
TIDMCYH
RNS Number : 4324Y
CybIT Holdings PLC
03 September 2009
Date: 3rd September 2009
On behalf of: Cybit Holdings plc ('Cybit', 'the Company', or 'the Group')
For immediate release
Cybit Holdings plc
AGM Statement
Cybit Holdings Plc (AIM: CYH) is an international provider of Telematics based
products and services for the management and control of land and sea based
assets. At the Annual General Meeting of the Company to be held at 10.30am
today, Neil Johnson, Non Executive Chairman, will make the following statement:
"Cybit remains a leading player in the European Telematics sector. Despite
challenging market conditions, the Company continues to make solid progress with
a number of key contract wins announced during the first part of the year.
"As previously notified, the Company has access to cash and a strong balance
sheet which is enabling the business to pursue its growth strategy through
organic and acquisitive means. The current climate has resulted in a number of
opportunities for acquisitive growth and detailed evaluation of these
opportunities is ongoing."
- Ends -
Enquiries:
+-----------------------------------------------------+----------------------------+
| Cybit Holdings plc | www.cybitholdings.com |
+-----------------------------------------------------+----------------------------+
| Richard Horsman, CEO / Kevin Lawrence, FD | Tel: +44 (0) 8456 027123 |
+-----------------------------------------------------+----------------------------+
| | |
+-----------------------------------------------------+----------------------------+
| Redleaf Communications Ltd | cybit@redleafpr.com |
+-----------------------------------------------------+----------------------------+
| Emma Kane / Rebecca Sanders-Hewett/ Anna Dunkin | Tel: +44 (0)20 7566 6700 |
+-----------------------------------------------------+----------------------------+
| | |
+-----------------------------------------------------+----------------------------+
| Cenkos Securities | |
+-----------------------------------------------------+----------------------------+
| Stephen Keys / Liz Bowman | Tel: +44 (0)20 7397 8900 |
| | |
+-----------------------------------------------------+----------------------------+
Notes to Editors:
* Cybit operates within three core sectors:Internet-based vehicle Telematics
solutions; Economic Exclusion Zone (EEZ) Management; and Private Mobile Radio
(PMR) based asset tracking and precise positioning solutions. Its products and
services enable companies to monitor and position mobile assets, manage service
level agreements, enhance employee duty of care and comply with legislation.
* In the vehicle Telematics sector, Cybit is one of Europe's leading
Telematics Service Providers (TSPs). More than 1,700 business to business
clients use its fleet and asset management solutions to manage in excess of
46,000 assets. Solutions include in-vehicle technologies, work flow management
and internet-based monitoring and reporting software. The Company also
provides consulting services to advise on legal issues such as duty of care and
working hours.
* Its PMR business, Cybit Positioning Solutions, provides asset-tracking solutions
for both maritime and land-based applications including exploration and mining.
Its precise positioning solutions assist in the location and exploitation of
oil, gas and mineral reserves around the globe.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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