Publishing Technology says that contract wins late in 2010 have provided a strong start to 2011.
Just before Christmas, the publishing software and services provider warned that its 2010 figures will be lower than expected. It appears that contracts were delayed from 2010 to 2011.
Annual recurring revenues are significantly ahead of the same time last year.
Publishing Technology still hopes to persuade the holders of the £1.5m convertible loan notes to convert them into shares. That will reduce interest costs and strengthen the balance sheet.
At 56p a share, up 5p, Publishing Technology is valued at £4.71m.
Download the January edition of AIM Journal at http://www.hubinvest.com/AIMPDFJanuary2011_16.pdf
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