Trading Statement
09 Janeiro 2008 - 5:14AM
UK Regulatory
RNS Number:3778L
Secure Design KK
09 January 2008
FOR IMMEDIATE RELEASE
9 December 2008
Secure Design KK
Trading Statement
Secure Design KK ("Secure Design" or the "Company"), the Japanese developer of
biometric fingerprint authentication technology, announces that due to very poor
trading over the second half of the year, revenue for the financial year to 31
December 2007 will be significantly behind revenues for the same period in the
prior year. Furthermore the operating profit figure will also be significantly
reduced as a result of the realisation of a bad debt which accounted for
approximately half the turnover for the first half of the financial year.
The period of poor trading has been largely due to the effect of a recent
reduction in the sales team including the retirement of two senior members of
the team. The Company is seeking to strengthen the Company's sales function as a
matter of urgency.
The Directors of Secure Design will update the market shortly with details of
their short term cash facilities and funding options going forward. Furthermore
the Company will issue the preliminary results in March 2008 when they will be
updating the market on the progress in strengthening its sales operation and the
marketing plans for the year ahead.
For further information, please contact:
Secure Design KK
Shoichi Kiyomoto Japan +81-3-3516-9303
(Chief Executive Officer)
Masahiro Nishikawa Japan +81-3-3516-9360
(Executive Vice President, Business Planning)
Shinil Cho United Kingdom +44 (0) 7738 842 662
(Chief Information Officer) Japan +81-3-3516-9303
United States +1-412-367-7063
Charles Stanley Securities +44 (0) 20 7149 6000
Nominated Adviser
Russell Cook / Freddy Crossley
Cubitt Consulting +44 (0) 20 7367 5100
Brian Coleman-Smith / James Verstringhe
This information is provided by RNS
The company news service from the London Stock Exchange
END
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