DataSMS Holdings plc
LSE : DSHP

December 18, 2008 10:17 ET

Interim Results for the Six Months Ending 30 September 2008

                                                                                                     18/12/2008
                                                                                      GB00B1VYCD45/GBP/PLUS-exn
                                                       
                                                       
                               DATASMS HOLDINGS PLC ("DATASMS" or the "Company")
                                                       
                          INTERIM RESULTS FOR THE SIX MONTHS ENDING 30 SEPTEMBER 2008


DataSMS Holdings Plc is pleased to announce its interim results for the six months ending 30 September 2008.

The Board of Directors are pleased to report on the trading for the six months to September 2008. Trading
performance for the period is in line with expectations and the Company envisages interest in its product
offerings to continue through to the end of its financial year resulting in increased revenues. During this
first six months the Company has achieved several key milestones by securing orders from two major customers
operating in our target market sectors and was successful in gaining a Secured By Design Licence issued by the
Association of Chief Police Officers (ACPO) for the company's "Tag n Go" child safety product suite.

Business highlights during the period:
  -  Surrey police force purchase 20,000 swift-e wristbands for use at events.
  -  The Co-operative Travel place an order for 40,000 Swift-e wristbands to be sold through their network
     of 551 branches in the UK.
  -  Tag n Go product suite is the only child safety / personal security solution ever to be awarded the
     Secured by Design licence.

Commenting on the performance of the Company Keith Robinson, Chairman of DataSMS said "The progress made in
establishing the "Tag n Go" product as a market leader was very encouraging particularly attracting significant
orders from both a large retailer and a UK police force. This shows that not only is the "Tag n Go" product
viewed as commercially viable but also is a real credible solution satisfying a real need for police forces. I
feel confident that this progress in these areas will continue to grow throughout the future."

FINANCIAL OVERVIEW

The financial position to 30 September 2008 includes the costs of marketing the "Tag n Go" product suite
acquiring suitable stock levels of the product and developing the "Tag n Go Activ" solution.

The results for the period show turnover of GBP42,509 a gross profit of GBP27,384, administrative expenses of
GBP94,857 and interest received of GBP666.  The loss before tax and loss per share for the period amounted to
GBP66,807 and GBP0.007 respectively. The Directors do not propose to declare a dividend.

DATASMS HOLDINGS PLC
PROFIT AND LOSS ACCOUNT
for the six months ended 30 September 2008


                                                    6 months to     12 months to      6 months to
                                                     30/09/2008       30/03/2008       30/09/2007
                                                      Unaudited          Audited        Unaudited
                                                            GBP              GBP              GBP
                                                                                                 
 TURNOVER                                                42,509           20,378            8,304
                                                                                                 
 Cost of sales                                         (15,125)         (11,397)          (2,074)
                                                                                                 
 GROSS PROFIT                                            27,384            8,981            6,230
                                                                                                 
 Administration expenses                               (94,857)        (234,956)        (139,777)
                                                                                                 
 OPERATING PROFIT/(LOSS)                               (67,473)        (225,975)        (133,547)
                                                                                                 
 Interest receivable and similar income                     666            1,340              221
                                                                                                 
 PROFIT/(LOSS) ON ORDINARY ACTIVITIES BEFORE           (66,807)        (224,635)        (133,326)
 TAXATION
                                                                                                 
 Taxation                                                     -                -                -
                                                                                                 
 LOSS FOR THE PERIOD                                   (66,807)        (224,635)        (133,326)
                                                                                                 
 Profit/(Loss) per share                                 (0.69)           (2.31)           (1.77)
                                                                                                 
 The Company made no recognised gains or losses other than the result for the period.
 
 All activities derive from continuing operations.


DATASMS HOLDINGS PLC
BALANCE SHEET
as at 30 September 2008

                                                    30/09/2008        30/03/2008       30/09/2007
                                                     Unaudited           Audited        Unaudited
                                                           GBP               GBP              GBP
 FIXED ASSETS                                                                                    
 Tangible assets                                         4,648             2,438            2,405
 Intangible assets                                      34,461            37,112           80,425
                                                        39,109            39,550           82,830
 CURRENT ASSETS                                                                                  
 Stock                                                  12,123            10,353                -
 Trade debtors                                          10,160            12,892            2,898
 Cash at bank                                           23,571            51,811          172,342
                                                        45,854            75,056          175,240
 CREDITORS:                                                                                      
 Amounts falling due within one year                  (63,229)          (26,065)         (38,147)
                                                                                                 
 NET CURRENT ASSETS                                   (17,375)            48,991          137,093
                                                                                                 
 NET ASSETS                                             21,734            88,541          219,924
                                                                                                 
 CAPITAL & RESERVES                                                                              
 Called up share capital                                97,200            97,200           97,200
 Share premium                                         215,976           215,976          256,050
 Profit & loss account                               (291,442)          (224,635)        (133,326)
                                                        21,734            88,541          219,924
                                                                                  
The  financial  information  for the period ended 30 September 2008  has  not  been  audited  or
reviewed by the company's auditors and does not constitute statutory accounts within the meaning
of Section 240 of the Companies Act 1985.
                                                                     
                                                                     

DATASMS HOLDINGS PLC
NOTES TO THE INTERIM STATEMENT

 1.    The  calculation  of  profit  per  share is  based  on  the  loss  on  ordinary
       activities  after  taxation  of GBP66,807 and the weighted  average  number  of
       shares of 9,720,000 in issue during the period.
       
 2.    The financial statements have been prepared under UK GAAP and the accounting
       policies of the company as set out in its Financial Reporting Procedures.
       
 3.    The  interim  financial information has not been audited  or  reviewed  by  the
       auditors.   The  interim  financial statement  does  not  constitute  statutory
       accounts  within  the  meaning of Section 240 of the Companies  Act  1985  (the
       "Act").
       
 4.    The Directors have not declared an interim dividend.
       
 5.    The  interim  statement was approved by the Board of Directors on  18  December
       2008.



The Directors of the Issuer accept responsibility for the contents of this announcement.

ENQUIRIES:

DATASMS HOLDINGS PLC                       TEL: 0845 123 5813
Terry Munley, Managing Director

ST HELEN'S CAPITAL PLC                     TEL: 020 7628 5582
Duncan Vasey

www.datasms.com

www.tagngo.co.uk

Contact Information

  • DataSMS Holdings plc