CTFA Cientifica

TIDMAVIA

RNS Number : 3299J

Avia Health Informatics PLC

06 August 2012

06 August 2012

Avia Health Informatics PLC

("Avia" or the "Company")

Funding update

In the Company's unaudited preliminary results for the year ended 31st March 2012, announced on 4(th) July 2012 ("the Preliminary Results") the Company stated that: "Net cash at 31 March was GBP0.1million and the current cash resources of the business remain constrained and as a result the business remains subject to adverse trading swings. Based on the Company's current cash position and management forecasts the Company is seeking to raise approximately GBP1.0million in equity and/or debt funding in the short term."

The Company confirms that, whilst it has no debt, it remains cash constrained in the short term and is exploring a number of viable equity or debt funding options. The Company is also actively managing its cashflow and creditor obligations to allow the Company to trade through what the Directors believe to be a short term cashflow shortfall.

Shareholders will be updated of any material developments in this regard as soon as appropriate.

Enquiries:

 
 Avia Health Informatics Plc              +44 (0) 1494 618 503 
  Barry Giddings, Chairman                 www.ahi-plc.com 
 Allenby Capital (Nominated Adviser and   +44 (0) 20 3328 5656 
  Broker)                                  www.allenbycapital.com 
  Nick Naylor (Chief Executive) 
  Mark Connelly (Corporate Finance) 
  Graham Bell (Head of Sales) 
 Cadogan PR (Financial PR)                +44 (0) 7771 713608 
  Alex Walters                             www.cadoganpr.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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