Captive Audience Display Solutions plc
LSE : CADP

February 04, 2011 09:12 ET

INTERIM FINANCIAL STATEMENTS

Captive Audience Display Solutions PLC
Un-audited Interim Results for the six month period to 31st October 2010


Chairman's Statement



                                        CHAIRMAN'S STATEMENT AGM 2010
                                                      
                                                      
Captive Audience Display Solutions Plc continues to make progress in all areas of activities.

The management expect to travel to the Middle East in the coming weeks with our new international partners to
develop the deals with our Middle Eastern partners.

At  our AGM in December 2010, I announced a very exciting development with Ritz Gold Limited.  This continues
to  be a very viable development and we expect to report to shareholders shortly.   As I said previously, 'we
are  always  interested  in  entering into negotiations in order to advance  the  ambition,  development  and
expansion of CAds through organic growth and acquisition.'

US  Oil & Gas Plc successfully listed on the PLUS market in London in January 2010.  Spurt Concepts Ltd is  a
special purpose vehicle, with common directors, set up to hold three million ordinary shares in US Oil &  Gas
Plc for the benefit of the shareholders of Captive Audience Display Solutions Plc.  The main object clause of
Spurt  Concepts  Limited is to 'distribute the value of these shares, either directly as shares  or  by  cash
proceeds  of  the  sale  of  the shares in US Oil & Gas Plc to the shareholders of Captive  Audience  Display
Solutions  Plc or to purchase the shares of Captive Audience Display Solutions Plc at such time and  in  such
amounts as the directors of the company, in their sole discretion, see fit.'  These shares are today worth in
excess of €2 million euro.

The  management of CAds has entered into discussions with a new technology company with global potential with
a view to CAds taking a stake in this company.  We will report to shareholders on this development shortly.

We  look  forward to the coming year with enthusiasm and excitement.  We would like to thank our shareholders
for their support.



Yours sincerely,


Liam McGrattan
CHAIRMAN


Unaudited Consolidated Profit and Loss Account                                                 
For the six months ended 31 October 2010                                                       
                                                                                               
                                                           Un-audited             Un-audited

                                                            6 mths to              6 mths to 
                                                           31/10/2010             31/10/2009
                                                                                             
                                                                  €                        € 
                                                                                             
Turnover - continuing operations                                  0                   35,022 
                                                                                             
Cost of Sales                                                     0                   -2,042 
                                                         ------------------------------------

Gross Profit                                                      0                   32,980 
                                                                                             
Administrative Expenses                                      21,394                 -118,360 
                                                         ------------------------------------

Operating Loss                                              -21,394                  -85,380 
                                                                                             
Interest receivable and similar income                            0                        0 
Interest payable and similar charges                              0                      -25 
                                                         ------------------------------------

Loss on ordinary activities before tax                      -21,394                  -85,405 
                                                                                             
Tax                                                               0                        0 
                                                         ------------------------------------
                                                                                             
Loss on ordinary activities after taxation                  -21,394                  -85,405 
                                                         ------------------------------------
                                                                                             
Loss per ordinary share - basic & diluted                   (0.01)c                  (0.05)c 
                                                         ------------------------------------


Unaudited Consolidated Balance Sheet                                       
As at 31 October 2010                                                      
                                                                           
                                                                           
                                                               Un-audited         Un-audited
                                                               31/10/2010         31/10/2009
                                                                        €                  €
                                                                                            
Fixed Assets                                                                                
   Tangible assets                                                  2,395            207,179
                                                               ------------------------------
                                                                                            
                                                                    2,395            207,179
                                                               ------------------------------
                                                                                            
Current assets                                                                              
   Trade debtors                                                   37,999             52,054
   Cash and cash equivalents                                       32,544             35,140
                                                               ------------------------------
                                                                   70,542             87,194
                                                                                            
Creditors: amounts falling due within one year                     53,641           -108,304
                                                               ------------------------------
                                                                                            
Net current (liabilities)/assets                                   16,901            -21,110
                                                               ------------------------------
                                                                                            
Total Assets less Current Liabilities                              19,296            186,069
                                                               ------------------------------
                                                                                            
Capital and reserves                                                                        
   Issued share capital                                            20,144             18,132
   Share premium account                                        2,971,791          2,897,428
   Profit and loss account                                     -2,972,639         -2,729,491
                                                               ------------------------------
                                                                                            
                                                                   19,296            186,069
                                                               ------------------------------


The financial information is un-audited and has not been reviewed by the Company's Auditor
LHM Casey McGrath.

The directors of the issuer accept responsibility for this announcement.

For further information on Captive Audience Display Solutions please contact:
Liam McGrattan / Lisa McDonnell, Captive Audience Display Solutions plc,
T: 01-8230510

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