[15.11.2004]
Alphameric Plc (“Alphameric”
or “the Group”) PROPOSED
DISPOSAL OF THE RETAIL BUSINESS
Current trading and prospects
Following
the Disposal, the Group’s activities
will be focused on the Leisure and
Hospitality divisions, which continue
to make progress. The Group announced
earlier this year that Alphameric
Leisure has signed heads of terms
with William Hill Organisation Limited
to fulfil a contract valued at £25
million to supply EPoS and display
system solutions to all of William
Hill’s 1,600 UK Licensed Betting
Offices. The contract has now been
signed and a significant proportion
of the contract is expected to be
completed by December 2005.
Alphameric
Hospitality Limited has continued
to gain major long term managed service
contracts for Caterwide, the Group’s
web based ERP system. Contracts awarded
so far this year have totalled almost
£24 million.
The
Continuing Group remains financially
strong and has a healthy order book,
and the Board is therefore confident
about the financial and trading for
the Continuing Group and expects that
the Continuing Group will deliver
a good performance in the current
financial year and foreseeable future.
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