KIO Kiotech Intl

 
TIDMKIO 
 
9 February 2010 
                            Kiotech International plc 
                               Performance Update 
 
 Kiotech International plc, supplier of high performance natural feed 
 additives to enhance health, growth and sustainability in agriculture and 
 aquaculture, is providing a performance update prior to entering its close 
 period. 
 
 In line with market expectations the group expects to report a very 
 successful year, which has seen not only a significant growth in trading from 
 Kiotechagil but also the successful acquisition of the Optivite group, adding 
 to profits in the final quarter.  Integration continues apace with Kiotech's 
 finance, administration and head office functions now amalgamated into 
 Optivite's head office as from 1st January 2010.  Furthermore, the first step 
 in consolidating production and purchasing has been taken with the first 
 Kiotechagil customer order being produced at Optivite's feed additive 
 production plant earlier this month. 
 
 Additionally, the group has made an exceptional profit generated from the 
 sale of its interest in its intellectual property specific to the sports 
 fishing market. It remains committed to the further commercial development of 
 Aquatice in the global aquaculture market. 
 
 The balance sheet remains strong and debt free with cash balances increased 
 to GBP5m at the year end. 
 
 The announcement of the results for the year to 31 December 2009 will be made 
 in mid April 2010. 
 
 
 Richard Rose, Chairman Kiotech International plc 
 07836250474 
 
 Matthew Robinson/Stephen Norcross, FinnCap 
 0207 600 1658 
 

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