The Board announces that audited accounts for the year to 31
March 2011 have been sent to shareholders in accordance with
AIM Rule 19 and, having clarified the Company's financial
position, the Directors will seek the restoration of trading
in its securities on AIM. Restoration is expected to occur at
07.30am on 1 February 2012.
The Directors draw the attention of the reader to the
announcement of 30
January 2012 (Final Results 31 March 2011). Investors are
encouraged to read that announcement in full.
The Board has reviewed the funding position of the Company and believes no new funds are required for the purpose of securing the business. However, the Directors note that the current cash resources of the business are highly constrained and the business does remain vulnerable to adverse trading swings. Cash at 31 December was GBP0.22 million and the Directors forecast that cash headroom levels will remain tight going forward in 2012. The Company is seeking to raise GBP0.5 million to develop the business and the Directors note that should trading fall short of expectations and funds are raised then any such funds could be used to support the business although there can be no guarantee that such funds would be sufficient.
Emphasis of Matter/Going Concern
The Directors draw the attention of the reader to the going
concern statement in the Notes to the Financial Statements
for the year to 31 March
2011 and the Audit Report itself, which contains two emphasis
of matter
statements. An extract from the going concern statement
follows:
"The Group's ability to continue as a going concern
depends on its ability to increase sales over the next three
months. The main sales increase is projected to come from the
PathFinderRF product, which is a new product acquired in June
2011. The first order for PathFinderRF was received in
December 2011 and the second order received in January 2012,
but because this is a new product there can be no certainty
over the level of future sales. Therefore, significant
uncertainty exists over the Group's ability to meet its
forecast. This situation indicates the existence of a
material uncertainty which may cast significant doubt on the
company's ability to continue as a going concern."
The Directors expect to record revenues for the 12 months to 31 March 2012 in the range of GBP2.2 million to GBP2.5 million.
Enquiries: Avia Health Informatics PlcBarry Giddings, Chairman +44 (0) 1494 618 503
Panmure Gordon (UK) LimitedAdam Pollock, Corporate Broking
Giles Stewart, Corporate Finance
+44 (0) 20 7459 3600
About Avia Health Informatics PlcAvia is a developer and provider of clinical decision support systems. Its Odyssey software range is used by clinicians and non-clinicians in various environments around the world to provide effective healthcare support, increasing the levels of patient care while delivering operational efficiencies. The delivery of Odyssey can be in a static or mobile environment from a PC, laptop, tablet or mobile device, with clinical content, training and services delivered via the web. The Group's other software, PathFinderRF, offers on-line referral facilitation to manage the quality of referrals.
Avia's partners provide market reach into geographies outside of the UK, including the United States and Australia.
The Odyssey range is built on a common medical content database which has been developed over the past 16 years. Odyssey is continually updated, tailored with question and answer sets and has a user interface adapted for the particular user groups and the environment in which it is used. Environments include prisons, ships, call centres, GP out of hours, walk in centres, care homes, pharmacies and other clinical and non-clinical environments.
For more information on Avia please visit: www.ahi-plc.com , the Odyssey software range: www.odyssey-cdss.com
distribué par | Ce noodl a été diffusé par Avia Health Informatics plc et initialement mise en ligne sur le site http://www.ahi-plc.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-02-01 11:54:31 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
Documents associés | |
Announcement - Avia Readmission |