6pm Holdings plc - Interim Directors’ Statement

On 14 November 2013, 6pm Holdings plc issued its Interim Directors’ Statement explaining that it continued to experience monthly profits during 2013 thereby placing the 6pm Group in a profitable position for over 2 years. Furthermore, the Directors noted that growth is being achieved in line with the 2013 business plan and that the Directors are focused on profits to be able to recommend a dividend at the forthcoming Annual General Meeting.

The Directors further explained that the 6pm Group now has a number of product solutions (particularly in the UK health sector) in line with the strategy to move from a service business to a products business. The Group’s HIV solution is now operational in two trusts and is currently being implemented in another trust in the UK. Moreover, 6pm announced that it is negotiating a further two deals with the hope of concluding before the year-end. Furthermore, the Group is currently rolling out another solution, StrokePad, which is expected to go live this month. Additionally, the 6pm Group is developing a new solution related to patients suffering from dementia.

During the period under review, the 6pm Group also managed to sell its ‘intelligent File & Inventory Tracking’ (iFIT) solution to a number of trusts in the UK with continuous requests received from other trusts for this solution.

Outside the UK, 6pm was awarded a contract in partnership with EMC (a global leader in cloud computing services) to rollout a national health solution in Georgia.

Apart from the clinical solutions, the 6pm Group is also focusing on its online presence to target the ‘Low Margin, High Volume’ business through its QuickFocus products suite.

The announcement also made reference to the new office in Malta which was inaugurated in October and houses all Malta-based employees. The Directors noted that the new offices have increased synergies and productivity.

In conclusion, the Directors noted that a new strategic plan for the period 2014-2016 has been approved. The new strategy continues to strive to achieve more revenue, profitability, annuity business and market presence.