6pm Holdings plc - Interim Directors’ Statement

On 14 May, 6pm Holdings plc issued its Interim Directors’ Statement covering the Group’s performance since the start of 2013.

The Directors explained that the Group is now reaping the rewards of the investments made following the right issue in 2011. During the first few months of 2013, the 6pm Group continued the positive financial track record achieved in 2012 and registered profits in each month. The Directors noted that this trend has been ongoing since September 2011.

6pm indicated that although the Maltese market was affected negatively by a slowdown during the election period, the performance will be recouped over the coming months and the Malta operations will perform in line with the business plan. The Directors highlighted that the executive team will continue with its effort to curb costs as much as possible, to secure established targets and improve the bottom line of the Group.

6pm referred to last year’s successful launch of a clinical product in the UK (with sales concluded with three National Health Service Trusts), and the company confirmed that is in the process of developing another similar product to be marketed throughout the year. Furthermore, the business-to-consumer suite launched last year continued to be developed and by the end of 2013, other products within the same suite will be launched. 6pm noted that it is also investing in another line of business-to-consumer products, which will immediately derive revenue from one of the Group’s subsidiaries.

During the first few months of 2013, 6pm managed to secure a substantial contract which was the subject of an earlier company announcement. This is an IRM solution, consisting of the iFiT and EDM solution, and 6pm is currently in the first stages of implementation.

6pm is also heavily involved in the necessary development of one of its associated companies, emCare360 Ltd, in which the Group holds a 25% equity stake. 6pm explained that this company managed to secure the first 10,000 customers in Malta for e-care and e-monitoring.

During the first few months of 2013, 6pm also finalized the purchase of the remaining 30% of the shares within its subsidiary, Agilis6 Ltd (formerly known as Softweb Ltd). Agilis6 Ltd is now a fully owned subsidiary of 6pm.

In conclusion, the Directors aired their cautious optimism for the remainder of 2013 and they anticipate that the positive financial results obtained in the first months of 2013 will continue during the rest of the year.