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The Board is pleased to announce that our forecasts for the half year have been achieved and is confident that the final results for the full
trading period to December 1999 will be ahead of forecasts of £106,000.Since flotation, some four weeks ago, overall trading in the Company has been extremely brisk and new business opportunities are rapidly
developing. Whilst the full impact of both the ABI (Association of British Insurers) initiative and the Mastercover contract with National Car Rental will not be fully realised until next year, it is hoped that some
contribution from these will be evident within the next 2-3 months. In respect of these new initiatives, a pilot scheme is already under way with a major U.K. insurer and several other insurance companies are showing
significant interest. Roy S. Kent Chairman & Managing Director |
