one to watch?
rumour of impending gov contract may well push the price of this one today

SRS Technology Group PLC
07 September 2004

For Immediate Release 7 September 2004


SRS Technology Group plc

Preliminary results for the year ended 30 June 2004

SRS Technology Group plc, which develops, markets and sells a range of personal
electronic environmental control devices for the healthcare and consumer
markets, is pleased to announce its preliminary results for the year ended 30
June 2004.

Financial Results:
Turnover increased by 33% to 812,000 (2003: 609,000)
Retained losses reduced to 984,000 (2003: 1,565,000), resulting from
higher sales and cost savings
Cash (as at 30 June 2004): 1,225,000
1,872,000 net raised in two separate share placings

Business Review:
NHS market share increased, contracts renewed up to 2007
Strategic reseller agreements signed with Tunstall and Huntleigh
Launch of SRS Lite in January 2004
US sales grow by 85%, Pride reordering on a regular basis
Outlook for the UK improved by Audit Commission Report and 2004
Spending Review

Current Trading:

Sales for July and August 2004 up by over 50% on last year

Launch of SRS Intellec in August 2004


For more information please contact:

David Gration, Executive Chairman
SRS Technology Group plc Telephone: 01922 456882

Tim Anderson / Rebecca Skye Dietrich
Buchanan Communications Telephone: 020 74665000




CHAIRMAN'S STATEMENT

Introduction

SRS develops personal environmental control systems, and has made significant
advances in the last year with the introduction of a new range of products.
These systems enable a wide range of appliances to be operated remotely
including TVs, videos, phones, computers, curtains, lights, doors and windows.

The government, health and social care providers, housing associations,
charities and the public have grown in awareness of assistive technology and the
benefits to key users such as the physically disabled and the elderly. In
February 2004 in a report from the Audit Commission, assistive technology was
given a high priority as the way forward in the strategy to help physically
disabled and elderly people. Further funding initiatives were also announced in
the Chancellor's Spending Review in July 2004.

The Audit Commission report describes assistive technology as key to delivering
many of the Government's public policy initiatives. Personal environmental
control systems were specifically identified as an important part of assistive
technology provisioning for many people including those elderly with mobility
problems, who number more than 3 million in the UK, to address a wide range of
needs to support independence.

SRS believes it has the most advanced range of personal environmental control
product systems currently available and are well positioned to service this
large and growing potential market.

SRS's personal environmental control systems provide solutions to the needs of
the physically disabled and the elderly. Key customers including the NHS, trade
and re-sellers in the UK and rehabilitation providers in Europe and US are
currently using SRS products with success and these markets are expected to grow
through the introduction of innovative products from SRS going forward.



Results

In the year ended 30 June 2004 turnover has grown to 812,000 an increase of 33%
over the previous year (2003: 609,000). Gross margin has been maintained at
50%. Overheads have been substantially reduced by 25% to 1,444,000 (2003:
1,927,000).

Losses have been reduced to 1,021,000 (2003: 1,590,000) and cash outflow
before financing has been reduced to 912,000 (2003: 1,779,000).

SRS raised a total of 1,872,000 net of expenses during the year at two separate
placings in August 2003 and March 2004. As at the 30 June 2004 the Group had a
cash balance of 1,225,000 and has no significant debt.

I am pleased that the dual strategy of driving sales and aggressively
controlling costs has moved the Group closer to breakeven.


Operational Highlights

As a Group we are committed to growing sales by building on the company's
position with the NHS and other sectors in the UK and expanding its reach in
Europe and the US through opening up new and building on existing
distributorships to sell the company's expanding range of products.

The key achievements for the year were:

Reseller agreements with Huntleigh and Tunstall both of which have
delivered early orders for the Group's products

Renewal of 3 year NHS contract (for England and Wales) that commenced on
1 April 2004, and the NHS contract for Scotland due to commence on
1 October 2004

January 2004 launch of the SRS Lite, the first personal environmental
control product that combines remote control of home appliances,
direct activation of a community alarm and voice announcement and basic
communication aid functionality. This product is already being used by
many NHS Trusts and with positive feedback. The SRS Lite has also being
launched in Europe with early sales achieved

US sales up 85%, repeat orders for the SRS 100 now being regularly,
with Pride, the company's reseller, reporting positive feedback on
performance from dealers and users; Pride recently installed multiple
systems at one the country's leading rehabilitation centres in
Mississippi

Award of 170,000 contract by Shaftesbury Society for the installation of
specialist equipment in a 14 flat development for disabled people


Strategy and Outlook

Our strategy for the coming year is to:

continue driving sales to the healthcare sector through the NHS

rapidly develop sales to the elderly market through our resellers
including Tunstall and Huntleigh

grow sales to the housing market, following the first success with
Shaftesbury

continue development of our product range to launch planned
enhancements to the SRS Lite and the new SRS Intellec that replaces the
SRS 100 as well as a number of accessories

continue our programme of cost containment to reduce losses and move
towards breakeven

The success of the strategy will depend on the combination of successful
continuing product development, the dedication and energy of our staff and the
quality of our resellers who are promoting and distributing our products.

The near term outlook is one of accelerating sales of the new range of products
including the recently launched SRS Intellec both in the UK and internationally.
The increasing awareness of personal environmental control systems in
facilitating independence, is continuing to enhance market opportunities for
SRS.

Trading for the current year is going well, with sales for July and August 2004
up by over 50% on last year.

Mary Young, Finance Director, resigned from the Group in April 2004. We thank
her for her contribution to the Group. We welcome Mark Kendall, who joined the
Group as Financial Controller and Company Secretary in June 2004.

I remain confident about the future and what SRS can achieve with our range of
innovative products, distribution partners and loyal customers and staff. I take
this opportunity to thank our staff, partners and customers for all their
continuing efforts.


David Gration
Chairman


GROUP PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2004
2004 2003
000's 000's

Turnover 812 609

Cost of sales (398) (304)

Gross Profit 414 305

Development, sales and marketing and administration costs (1,444) (1,927)

Operating loss (1,030) (1,622)

Interest receivable 18 37
Interest payable (9) (5)

Loss on ordinary activities before taxation (1,021) (1,590)

Tax credit on loss on ordinary activities 37 25

Loss on ordinary activities after taxation and retained for the (984) (1,565)
year

Basic loss per share 2.47p 10.53p

Fully diluted loss per share 2.47p 10.53p

The above results derive from continuing operations.

There are no recognised gains or losses other than the loss for the year.


GROUP BALANCE SHEET
AT 30 JUNE 2004
2004 2003
000's 000's
Fixed Assets
Tangible assets 117 184
117 184
Current Assets

Stock 164 196
Debtors 318 242
Cash at bank and in hand 1,225 306

1,707 744

Creditors: amounts falling due within one year (331) (339)

Net current assets 1,376 405

Total assets less current liabilities 1,493 589

Creditors: amounts falling due after more than one year (15) (9)

Net assets 1,478 580

Capital and reserves

Called up share capital 1,241 743
Share premium account 4,305 2,921
Profit and loss account (4,068) (3,084)

Shareholders' funds (including non-equity interests) 1,478 580



CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2004
2004 2003
000's 000's 000's 000's

Net cash flow from operating activities (996) (1,733)

Returns on investments and servicing of finance

Interest received 18 37
Interest paid (9) (5)

Net cash flow from returns on investments and 9 32
servicing of finance

Taxation
R&D tax credit 66 -
Net cash flow from taxation 66 -

Capital expenditure and financial investment

Proceeds from disposal of tangible fixed assets 14 10
Purchase of tangible fixed assets (5) (88)

Net cash flow from capital expenditure and 9 (78)
financial investment

Net cash flow before financing (912) (1,779)

Financing activities

Issue of ordinary share capital 1,872 -
Increase in finance leases - 57
Capital element of finance lease rental (41) (51)
payments

Net cash flow from financing 1,831 6

Increase/(decrease) in cash 919 (1,773)



NOTE TO THE ACCOUNTS

The financial information set out in this announcement does not constitute the
Group's statutory accounts for the period ended 30 June 2004 but is derived from
those accounts. Statutory accounts for the period will be delivered to Companies
House following the Group's Annual General Meeting. The Group's auditors have
reported on these accounts; their report was unqualified and did not contain
statements under section 237(2) or (3) of the Companies Act 1985.


This information is provided by RNS
The company news service from the London Stock Exchange

Interesting article from the BBC

http://news.bbc.co.uk/2/hi/health/3625466.stm

SRS Technology Group PLC
29 October 2004

For Immediate Release 29 October 2004


SRS Technology Group plc

29 October 2004

AGM Statement

SRS Technology Group plc, the AIM quoted company which develops, markets and
sells a range of personal environmental remote control systems for the
healthcare and consumer markets, held its Annual General Meeting at 2pm today.
All resolutions put to shareholders at the Annual General Meeting were passed.

In a statement to the meeting, SRS Technology's chairman, David Gration, said:

'In its last financial year SRS Technology delivered a significantly improved
performance with sales growing substantially and costs contained. At the same
time SRS Technology expanded its market reach through the combination of
agreements with third parties and the introduction of new core products.

This year SRS Technology continues to make progress. The company has firmly
established itself in the UK healthcare sector with the NHS and is developing
new markets amongst private customers, housing providers and overseas
re-sellers. We are also beginning to access the key elderly market through
Tunstall.

Specific achievements this year so far have included:

Sales for the first four months of the year up over 50% on the same
period last year
Positive responses from customers from the first installations of the
Intellec, our personal environmental controller which replaced the SRS
100 last month
Start up of promotion by Tunstall using its 20 strong sales force
Signing of a marketing partnership with Leonard Cheshire the UK's
leading charity provider of services to the physically disabled to
promote SRS products to its service users and to supply to Leonard
Cheshire care facilities
Signing of a reseller agreement with Shortes for supply in Spain and
Portugal
Commencement of sales promotion by Vitalia to the UK private sector

I am confident that the company will continue to improve its performance,
benefiting from its expanded market reach, through agreements with third parties
and its new products.'



This information is provided by RNS
The company news service from the London Stock Exchange

yes i think now is a good time to get involved azhar,the price looks pretty inviting,at the moment can only see this one on the up,

Up few days in a row and up again today. Certainly is looking good for atleast 5p.

up 20+ % in the last few days

Published: 07:00 Saturday 18 December 2004
By Algernon Craig Hall, Secret Buying Correspondent

Two shrewdies have continued with their recent buying sprees in Television Corporation and SRS Technology.

* Venture capitalist and intellectual do-goodery proponent John Gunn and his wife Renate have picked up 250,000 share in SRS technology (SGY), which provides remote control lifestyle solutions for the elderly and disabled.

Following the 10,625 purchase of shares at 4.25p the couple own 6.1% of the 3.2 million tiddler.

Gunn and Renate shown a real appetite for SRS shares recently.

At its annual general meeting the company sounded a positive note saying it planned to build on its relationship with the NHS and hopes to develop new markets amongst private customers, housing providers and overseas re-sellers.

http://www.citywire.co.uk/News/NewsArticle.aspx?VersionID=70862&MenuKey=News.Home

Top-end profits expected at Huntleigh Technology

Huntleigh Technology today reported that it expects to announce pre-tax profits for 2004 at the top end of current analyst forecasts, despite the continued weakness of the US dollar.

In a pre-close trading update, the global healthcare company which supplies a broad range of innovative medical equipment products to hospitals and care centres, said it has continued the progress reported for the first half of 2004.

'It is pleasing to report that the momentum developed towards the end of 2003 has continued throughout 2004,' commented Chairman Julian Schild.

'Implementation of the strategic plan, outlined in mid-year, continues as expected and the financial targets, announced at that time, remain valid for 2005.'

Huntleigh Technology operates through four divisions: Pressure Area Care for the prevention and treatment of pressure ulcers, Patient Positioning and Transportation, Intermittent Pneumatic Compression for the prevention of deep-vein thrombosis and Ultrasonic Diagnostics.

The company will announce its preliminary results for the year ended 31 Dec 2004 on 16 March 2005.


SRS Technology Group PLC
03 February 2004

SRS signs a major healthcare corporation and is awarded an advance order from
housing provider

SRS Technology Group Plc (AIM: SGY), which develops, markets and sells a range
of personal electronic environmental control devices to the disabled and elderly
markets, today announces that it has signed a distribution agreement with
Huntleigh Healthcare Ltd ('Huntleigh'), a subsidiary of Huntleigh Technology Plc
(LSE: HTL), ('Huntleigh').

up 1\4p well its a start

Another 5+% up. We need some updates for the sales data etc.. before this starts moving. Not heard anything from SRS for ages. Good sign is that driectors have been buying recently.

yes some nice strong buys today

SRS Technology Group PLC
14 February 2005


For Immediate Release 14 February 2005


Notification of Results

SRS Technology Group Plc (AIM: SGY), which develops, markets and sells a range
of personal electronic environmental control devices to the disabled and elderly
markets, will be announcing their Interim Results for the six months ended 31
December 2004 on Friday 18 February, 2005.

Soaring sales narrow losses at SRS Technology

SRS Technology Group, which makes remote control devices for people with impaired mobility, announced a narrowing of pretax losses in the first half on the back of a sharp rise in sales.

Sales were 61% higher at 552,000 in the six months to Dec 31 2004, while gross profits grew 48%. Pretax losses narrowed to 342,000 from 492,000.

azhar
we need to pass the one million pound barrier,
to get this share moving,
no reason why not with the extra distributors in hand!

Agreed Akel.. but when will this happen. SP slowly drifting back down in the mean time :-(

azhar
you can see by the amount of trades it gets
investors are not touching this share at the moment
more news is needed,and there is really
no reason why they cant do better,

i thought there was some good news for a moment
http://www.uk-wire.com/cgi-bin/articles/200503210700028825J.html

Small Caps, AIM and Ofex:

SRS Technology saw its shares climb 0.25p to 2.6225p today after the company announced the launch of its latest remote device. The Mini 3 claims to be the first hand held programmable remote control device that can be used as either a controller, pager or remote switch. SRS has initially targeted the product at the healthcare market, with 3 orders received to date. However the technology clearly has many applications and a presentation at the NEC later this week could prompt the company to make a further update shortly.