FMJ Formjet (See LSE:TQC)

 

TIDMFMJ 
 
RNS Number : 7247A 
Formjet PLC 
14 October 2009 
 

 
Formjet plc 
('Formjet' or 'the Company') 
 
Formjet reach Agreement to extend exclusive World wide licence rights 
of Ability Brand Software until September 2018 
 
 
 
The board of Formjet plc, is pleased to announce that it has signed an extension 
of its Ability Software Exclusive World wide Distribution Agreement that was due 
to end in September 2010. The new Agreement will be for a term ending 30th 
September 2018, subject to termination on two years' notice from the licensor at 
any time.  Ability Software International Limited ("ASI") will continue to be 
granted exclusive distribution rights, worldwide, in respect of the software 
under the Ability brand, current retailer white label brands and new white label 
brands approved by the parties. The main commercial terms relating to royalty 
rates and payment dates remain the same for sales under these brands. 
 
 
Andrew Monk, the recently appointed CEO, commented that "the Company currently 
has only one subsidiary, ASI Innovations, which distributes the ASI Ability 
software. This agreement allows us to take ASI innovations to the next level". 
 
 
ASI Innovations is undergoing further restructuring to continue to drive down 
costs but also to look for new routes to market which may include some form of 
licence and royalty agreements similar to that already announced with a North 
American software provider. 
 
 
The board is also, as previously stated, looking for acquisitions to grow the 
Company and this process is ongoing. 
 
 
 
ENQUIRIES: 
 
Formjet plc 
       Tel: 01293 848 860 
Andrew Monk, Chief Executive 
www.formjetplc.com 
 
Shore Capital & Corporate Ltd                                            Tel: 
0207 408 4090 
Andrew Raca 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 AGRGUGGPUUPBGRW 
 

Formjet(See LSE:TQC) (LSE:FMJ)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Formjet(See LSE:TQC) (LSE:FMJ)
Historical Stock Chart
Von Jun 2023 bis Jun 2024