Captive Audience Display Solutions plc

October 30, 2009 12:28 ET

Final Results for the year ended 30th April 2009

Captive Audience Display Solutions PLC

Final Results for the year ended 30th April 2009

Chairman's Statement

Captive  Audience Display Solutions Plc successfully listed on the Plus Market, a recognised Stock Exchange  in  the
city of London on 4th July 2008. Volume in the shares was in excess of 8 million shares on the first day of trading.

The  past year since the listing has been difficult and challenging in almost every sector of business. Your company
has not been immune from the global and domestic financial crises.

Banks  have failed and peer companies in the media and advertising sectors have suffered similarly. The fall off  in
advertising  revenues in Ireland, U.K. and Europe has been disappointing. Notwithstanding this, the  board  of  CADS
intend to work through the current deleterious economic downturn and emerge stronger in the coming year.

For  the  past twelve months we have concentrated on getting a workable agreement with our partners to roll out  the
CADS network in the Middle East. We believe that we are well placed to participate in this development in one of the
world's  wealthiest and exciting regions. Accordingly, we are confident that we will conclude the  negotiations  and
have an agreement in place by the year end.

In  the early part of last year Statoil rebranded their forecourts as Topaz and undertook a refurbishment programme.
As  part  of  this CADS undertook a costly refit and upgrade of the Ireland network which resulted  in  an  advanced
technological  offering, Thereafter the economic downturn hit and, as we are always considered a new medium  by  the
advertising industry, we were first to experience the decline and lose revenue.

We  are  presently  discussing new arrangement regarding the ongoing operation of the  Irish  Network  and  hope  to
generate income stream going forward.

Future Funding
The  board  believes  it  has  sufficient working capital to be in a position to  capitalise  on  any  opportunities
presented as well as continue current operations. Notwithstanding that, the company has been offered further funding
should the right opportunity present itself. We are constantly evaluating new proposals.

We  are  confident  that  the future looks good for CADS and can take advantage of any world economic  upturn.  Your
directors are of the belief that the company will realise its goals in the coming year.

Liam McGrattan
Chairman              30 October 2009

Profit and Loss Account
For the year ended 30 April 2009

                                                                                      2009                     2008
                                                                                       EUR                      EUR

Turnover                                                                           143,880                   81,617

Cost of sales                                                                      (5,391)                 (28,745)
Gross profit                                                                       138,489                   52,872

Administrative expenses                                                          (913,174)                (542,939)

Operating loss                                                                   (774,685)                (490,067)

Interest receivable
 and similar income                                                                      8                       22
Interest payable
 and similar charges                                                                  (57)                    (580)
(Loss) for the period                                                            (774,734)                (490,625)

Accumulated (loss) brought forward                                             (1,869,352)              (1,378,727)

Accumulated (loss) carried forward                                             (2,644,086)              (1,869,352)

Earnings per share
Basic and diluted loss per share                                                    (0.43)c                  (0.32)c

All amounts relate to continuing operations.

There are no recognised gains or losses other than those disclosed above and there have been no discontinued
activities or acquisitions in the current or preceding periods.

Balance Sheet
As at 30 April 2009

                                                                                      2009                     2008
                                                  Notes                                EUR                      EUR

Fixed Assets
Tangible assets                                     1                              207,093                  390,712
                                                                                   207,093                  390,712

Current Assets
Debtors                                                                             22,254                   29,059
Cash at bank and in hand                                                           134,272                  148,032
                                                                                   156,526                  177,091

Creditors: amounts falling
 due within one year                                                              (92,145)                 (99,269)
Net Current Assets                                                                  64,381                   77,822

Total Assets less Current Liabilities                                              271,474                  468,534
                                                                               -------------------------------------                                                                               -------------------------------------
Capital and Reserves
Called up share capital                                                             18,132                   16,343
Share premium account                                                            2,897,428                2,321,543
Profit and loss account                                                        (2,644,086)              (1,869,352)

Equity Shareholders' Funds                                                         271,474                  468,534

The above financial information has been extracted from the audited statutory accounts of Captive Audience Display
Solutions PLC for the year ended 30 April 2009.

Emphasis of Matter:

Within the audit report, the following statement is made:

"In forming our opinion on the financial statements, which is not qualified, we have considered the adequacy of the
disclosure made in Note One to the financial statements concerning the group's ability to continue as a going concern.
The group incurred a net loss of EUR 774,734 during the year ended 30th April 2009, at that date; the group's
accumulated loss was EUR 2,644,086 and had a cash balance of EUR 134,272. These conditions, along with the matters
explained in Note One to the financial statements, indicate the existence of a material uncertainty which may cast
significant doubt about the group's ability to continue as a going concern. The financial statements do not include the
adjustments that would result if the company was unable to continue as a going concern."

Note 1: Tangible assets
                                                                    Motor   Fixtures &     Plant &          Total
                                                                 Vehicles     fittings    equipment
                                                                                   EUR          EUR           EUR
       At 1 May 2008                                                    -        9,047      928,220       937,267
       Additions                                                    4,793            -            -         4,793

       At 30 April 2009                                             4,793        9,047      928,220       942,060
       At 1 May 2008                                                    -        5,983      540,572       546,555
       Charge for the period                                          959        1,809      185,644       188,412

       At 30 April 2009                                               959        7,792      726,216       734,967

       Net book values
       At 30 April 2009                                             3,834        1,255      202,004       207,093
                                                               ---------------------------------------------------                                                               ---------------------------------------------------
       At 30 April 2008                                                 -        3,064      387,648       390,712

The directors of the issuer accept responsibility for this announcement.

For further information on Captive Audience Display Solutions please contact:
Liam McGrattan / Brian McDonnell, Captive Audience Display Solutions plc,
T: 01-8230510 M: 087 2745427 / 087 238

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