IDD ID Data

RNS Number:1867L
ID Data PLC
30 October 2006

Press Release                                                    30 October 2006

                                  ID Data Plc

                          ("ID Data" or "the Company")

                                 Trading Update

                                 Result of AGM

ID Data plc (the "Company") announces that all resolutions proposed at its
Annual General Meeting on Friday October 27th 2006 were approved.

Funding

The group also announces that it has entered into an agreement with Lloyds TSB
Commercial Finance for interim working capital and loan finance of #1.25m.
These facilities are supported by a personal guarantee of #1m from the Company's
largest shareholder, Peter Cox.  Negotiations continue to secure longer term
finance against the group's assets.

Trading Update

As indicated in the annual report, the Company has found the UK market
challenging in the current trading period.  Nonetheless, contracts have been
renewed with Nectar and a 3 year supply and management agreement for bank cards
with the world's largest credit card issuer has been signed.  The 3 year
contract to deliver identity cards to the National Union of Students is
successfully progressing.

Furthermore, an exclusive contract incorporating distribution and licensing
throughout Europe, Middle East, Africa and India, has been signed with Vanguard,
the US technology company, whose patented key fob products have already been
delivered to Tesco and Nectar.  The key fob technology includes the ability to
provide fobs with bar-codes, magnetic stripes and radio frequency identity
(RFID).  There are major revenue opportunities for loyalty applications and "
touch and go" payment solutions whose popularity for transportation and micro
payments is increasing throughout the world.

In the new area of Pre-Paid card technology, ID Data has made major account
gains and currently has many new card designs under development, giving it a
market leading position closely aligned with its retailer customer base.

In summary, the Company has now entered a period of increased activity, with a
number of new contracts in the final stages of negotiation.


                                     -Ends-


For further information, please contact:
ID Data Plc                                            Tel: +44 (0) 1730 235 700
Peter Cox, Chief Executive
peter.cox@iddata.com                                   www.iddata.com


Media enquiries:
Abchurch
Henry Harrison-Topham / Chris Lane                     Tel. +44 (0) 20 7398 7700
henry.ht@abchurch-group.com                            www.abchurch-group.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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