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Futuremedia Plc Interim Trading Update
Wednesday April 14, 1:20 pm ET
New Contract Wins
BRIGHTON, ENGLAND--(MARKET WIRE)--Apr 14, 2004 -- Futuremedia Plc (NasdaqSC:FMDAY - News) today announced that since the start of the current quarter on the 1 February, Q4 of fiscal 2004, the Company has signed several new contracts with both existing and new customers, which together represent GBP 1,027,000 (US$ 1,848,000) in potential future revenue.
The revenue from the new contracts will be spread over a period of up to three years with a significant portion being recognised in the current quarter and Q1 of fiscal 2005.
The contracts are for the delivery of Futuremedia's Learning Management System, the delivery of off-the-shelf content and bespoke content creation, and Learning For All(TM) programmes. One contract calls for the majority of the work to be carried out in the Czech Republic, one of the 10 countries that will accede to European Union Member status from 1 May 2004. Other contracts include delivery of eLearning solutions in up to 7 languages in countries across Europe.
Futuremedia expects to give additional updates on the identity of the customers and additional details of the contracts if and when clients agree this information can be made public. The Company expects to announce preliminary Q4 and full year fiscal 2004 results on 19 May 2004. The Company's fiscal year ends on 30 April 2004.
About Futuremedia
Futuremedia plc (est. 1983) is a Solutions Provider in the growing e-learning market with 20 years experience in the interactive media field supplying products and services to industrial and commercial business sectors and government, mainly in the UK and Continental Europe.
The Company has a proven track record in providing knowledge and learning via Solstra, its proprietary Learning Management System which in its largest application has a capacity for 240,000 users.
Futuremedia's customers include Britvic, BT, BUPA, Channel Four, Daimler Chrysler, GSK, Hilton International, IDEA, UK National Health Service, Royal Mail and Syngenta. In delivering its solutions, the Company is partnering with Centra Software, Fujitsu-Siemens, Microsoft, Thompson NETg and Skillsoft.
"Safe Harbor" Statement under Section 21E of the Securities Exchange Act of 1934: This press release contains forward-looking statements related to future results and speaks only of Futuremedia's expectations as of the date hereof. Such statements include discussions concerning the Company's future financial performance and the future performance of the Company's products. Such statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from expectations. The risks and uncertainties include the risk that customer contracts may be terminated or not completed in whole or in part due to factors beyond the Company's control, the ability of the Company to continue to increase revenues and to operate profitability, the early stage of the Internet and intranet learning and communications market, the management of growth, the ability of the Company to develop and successfully market new products, rapid technological change and competition, and other factors detailed in the Company's filings with the US Securities and Exchange Commission. The Company expressly disclaims any obligation to release publicly any updates or revisions to any such statement to reflect any change in expectations or in information on which any such statement is based. All product names and trademarks mentioned herein are trademarks of Futuremedia or their respective owners.
وهاكم الخبر
Futuremedia Plc Interim Trading Update
Wednesday April 14, 1:20 pm ET
New Contract Wins
BRIGHTON, ENGLAND--(MARKET WIRE)--Apr 14, 2004 -- Futuremedia Plc (NasdaqSC:FMDAY - News) today announced that since the start of the current quarter on the 1 February, Q4 of fiscal 2004, the Company has signed several new contracts with both existing and new customers, which together represent GBP 1,027,000 (US$ 1,848,000) in potential future revenue.
The revenue from the new contracts will be spread over a period of up to three years with a significant portion being recognised in the current quarter and Q1 of fiscal 2005.
The contracts are for the delivery of Futuremedia's Learning Management System, the delivery of off-the-shelf content and bespoke content creation, and Learning For All(TM) programmes. One contract calls for the majority of the work to be carried out in the Czech Republic, one of the 10 countries that will accede to European Union Member status from 1 May 2004. Other contracts include delivery of eLearning solutions in up to 7 languages in countries across Europe.
Futuremedia expects to give additional updates on the identity of the customers and additional details of the contracts if and when clients agree this information can be made public. The Company expects to announce preliminary Q4 and full year fiscal 2004 results on 19 May 2004. The Company's fiscal year ends on 30 April 2004.
About Futuremedia
Futuremedia plc (est. 1983) is a Solutions Provider in the growing e-learning market with 20 years experience in the interactive media field supplying products and services to industrial and commercial business sectors and government, mainly in the UK and Continental Europe.
The Company has a proven track record in providing knowledge and learning via Solstra, its proprietary Learning Management System which in its largest application has a capacity for 240,000 users.
Futuremedia's customers include Britvic, BT, BUPA, Channel Four, Daimler Chrysler, GSK, Hilton International, IDEA, UK National Health Service, Royal Mail and Syngenta. In delivering its solutions, the Company is partnering with Centra Software, Fujitsu-Siemens, Microsoft, Thompson NETg and Skillsoft.
"Safe Harbor" Statement under Section 21E of the Securities Exchange Act of 1934: This press release contains forward-looking statements related to future results and speaks only of Futuremedia's expectations as of the date hereof. Such statements include discussions concerning the Company's future financial performance and the future performance of the Company's products. Such statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from expectations. The risks and uncertainties include the risk that customer contracts may be terminated or not completed in whole or in part due to factors beyond the Company's control, the ability of the Company to continue to increase revenues and to operate profitability, the early stage of the Internet and intranet learning and communications market, the management of growth, the ability of the Company to develop and successfully market new products, rapid technological change and competition, and other factors detailed in the Company's filings with the US Securities and Exchange Commission. The Company expressly disclaims any obligation to release publicly any updates or revisions to any such statement to reflect any change in expectations or in information on which any such statement is based. All product names and trademarks mentioned herein are trademarks of Futuremedia or their respective owners.