Boxhill Technologies PLC Company Update (7493B)
21 Juni 2016 - 8:00AM
UK Regulatory
TIDMBOX
RNS Number : 7493B
Boxhill Technologies PLC
21 June 2016
21 June 2016
BOXHILL TECHNOLOGIES PLC
("Boxhill", the "Group" or the "Company")
Company Update
The board of directors of Boxhill (the "Board") is pleased to
report first quarter sales are in line with expectations, reaching
GBP571,000 coupled with a gross profit of GBP427,000 (both
unaudited).
Lord Razzall, executive chairman stated, "The strong first
quarter performance is encouraging and comes at a time when the
company is completing significant improvements to our payment
services. Along with the roll out of FreepayMaster, the payments
division has agreed a partnership with Clickatell, the South
African based industry leading SMS messaging service provider,
which will allow customers to utilise certain features of the
FreepayMaster payment platform via text messaging, particularly for
access and payment authorisation.
Further, working with New York based CFP International,
FreepayMaster has invested in servers on the SWIFT network giving
access to the leading global supplier of secure financial
messaging. This means that FreepayMaster will have its own
SWIFT/BIC code thus improving the service and performance of
payment platform for individuals and businesses. The underlying
business continues to perform and we are looking forward to
developing further new services focused on making it easier for
people and businesses to pay for goods and services and send money
on demand where they want to, when they want to.
In the lottery division, Prize Provision Services Ltd ("PPSL")
continue to modernise their lottery systems to offer clients an
improving service. Additionally, PPSL now have regionally based
staff in the North West, Midlands and offices in the South which
will enable them to meet more clients face to face in order to help
grow their lotteries.
Further to the announcement of 2 June 2016, the Company
maintains its position and believes that a positive outcome will be
forthcoming.
Further updates will be released as and when necessary.
For further information contact:
Boxhill Technologies PLC 020 7493 9644
Tim Razzall, Executive Chairman
Website www.boxhillplc.com
Allenby Capital Limited (Nomad & Broker)
John Depasquale/Nick Harriss/ Richard Short 020 3328 5656
This information is provided by RNS
The company news service from the London Stock Exchange
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