Trading Update

Intercede is pleased to announce a strong start to the new financial year.

Revenue in the first quarter was £2.7m which is double the same period last year and 34% up on the fourth quarter of the last financial year. An enlarged sales and marketing team continues to drive business expansion and during the quarter we have secured an enterprise-wide contract with one of the largest US healthcare corporations, sold our mobile derived credential solution to a major US Federal Agency and signed a new agreement with a US West Coast bank.

These contracts will all yield further revenues during the current year and beyond. The strong start to the year provides a solid base to meet market expectations for the year.

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ENQUIRIES

Intercede Group plc
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director

Tel.      +44 (0)1455 558111

finnCap
Stuart Andrews, Corporate Finance
Joanna Weaving, Corporate Broking

Tel.      + 44 (0)20 7220 0500

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