2009 Financial Highlights:

·      Sales revenue up 33% to £8.2 million compared to £6.2 million for 2008, including recurring maintenance revenues of £2.9 million compared to £2.1 million for 2008

·      Operating profit before exceptional item up 63% to £1.1 million compared to £0.7 million for 2008 and profit before taxation and exceptional item up 14% to £1.2 million compared to £1.0 million for 2008 in spite of significantly reduced interest income earned from cash balances

·      Profit after taxation but before exceptional item up 59% to £1.2 million compared to £0.8 million for 2008 following R&D tax credit claims

·      Earnings per share before exceptional item up 56% to 4.27 pence per share compared to 2.73 pence per share for 2008

·      Proposed final dividend up 8% to 1.3 pence per share compared to 1.2 pence per share for 2008

·      Strong balance sheet with £5.9 million of net cash (equivalent to 21 pence per share) after investing activities totalling £2.2 million in the year and net cash of £6.1m million at 28 February 2010 (equivalent to 22 pence per share)