Trading Update
28 Septiembre 2007 - 5:18AM
UK Regulatory
RNS Number:7169E
Patientline PLC
28 September 2007
For Immediate Release 28 September 2007
Patientline plc (the "Company") Trading Update
The Board reports that the anticipated and historically seen seasonal upturn in
trading during September has not yet materialised. In addition to the already
challenging operating environment, the recent instruction by OFCOM, whereby a
message is played to callers to 0700 numbers at the start of calls informing
them of the maximum potential cost of the call, seems to have been a major
factor in reducing incoming call revenues.
The OFCOM decision, which took effect from 1st September 2007, has the
misleading effect of telling callers of the maximum cost per minute of an 0700
call rather than the actual Patientline cost which is always lower and often
significantly lower.
As a result, revenues so far in September are materially below expectations. If
the current revenue trends continue then the liquidity position of the Company
will become increasingly tight towards the end of this calendar year. For this
reason the Board, as stated previously, continues to be in constructive
discussions with its banks with regards to restructuring its balance sheet in
advance of this time.
Enquiries
Tim Blythe
Blythe Weigh Communications
07816 924 626
This information is provided by RNS
The company news service from the London Stock Exchange
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