Patsystems are expected to announce excellent growth in the trading update which may be out by the end of this week or definitely next week.

Anyone looking for a share for a T10 punt should check them out. Currently at 15.25p after a slight tree shake today, they have good potential to reach 20p in the the next few days.

The other link has more info:

http://www.moneyam.com/InvestorsRoom/ShowPostList?fID=1&tID=726

Plenty more deals to come, PTS looks as though it could be 3x the current price by the end of 2004.

Company Patsystems PLC
TIDM PTS
Headline AGM Statement
Released 11:24 29 Mar 2004
Number 0358X



RNS Number:0358X
Patsystems PLC
29 March 2004



DATE: Monday 29 March 2004

CONTACTS: Kevin Ashby, Chief Executive
Richard Cooper, Finance Director
Patsystems plc 020 7940 0459

Alistair Mackinnon-Musson
Philip Dennis
Hudson Sandler 020 7796 4133
Email: patsystems@hspr.co.uk



PATSYSTEMS PLC

TRADING STATEMENT

At the Annual General Meeting held today of Patsystems plc, the global supplier
of electronic trading technology, the Chairman made the following statement:

Usage data for Trading Systems indicates a 28% rise in lots traded to date in
2004 compared with the same period last year. Both Trading System users and
overall turnover (in sterling) are up about 12%. One new installation has gone
live so far this quarter. J-Trader continues to perform very well, taking
advantage of the enhancements that we have introduced over the years.

We continue to see strong market demand for the J-Trader platform and are
beginning to build a healthy pipeline of opportunities for TradeMark, our new
platform.

TradeMark continues to perform well in testing. Negotiations are at an advanced
stage for beta test sites for Phase 1 of the platform (i.e. real-time tests in
customer environments) in a number of sites across Europe and the USA. We
vigorously support all beta test installations, requiring that the timing of
such installations is spread out. The first test site is expected to go live in
mid-April. We have also made some bulk purchases of licences for software to be
embedded in TradeMark systems.

Our Exchange Systems business was boosted by the NCEL contract in Pakistan early
this year; as expected, only a small amount of revenue has accrued in the first
quarter. There is good potential for growth in Exchange Systems and we are
pursuing a number of new prospects.

From the data we have for 2004 we are on budget, albeit a budget for a small
operating loss for what we expected to be a quieter quarter. The impact on
turnover from currency movements (mitigated by our currency hedges) is more than
offset by our operating costs being lower than budget.

In addition, we received just over 200K of UK R&D tax credits in respect of
2000 and 2001: these will be shown in the tax line in our financial statements.
We have lodged a tax credit claim for 2002, and will be doing the same for 2003.

Overall, and aside from the prospects for TradeMark, the value of business that
we are either evaluating or competing for is higher than it has ever been. I
take this is a commendation of the quality of our products and a tribute to the
professionalism of our executives. Prospects never all become sales, but the
strength of our sales pipeline and the variety and quality of potential
customers is encouraging for business in the remainder of 2004, and into 2005.

All of of the resolutions put to shareholders at todays Annual General Meeting
were duly passed.




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

END