Well I have been alerted to this company by a great Investment pal of mine and I have to say as usual it looks like hes come up with the goods as per norm.

Not wishing to steal his thunder here is his summing up of the company.



SVR, Servicepower, is a stock that could be worth a dabble. The shares have done well recently and the company has a range of bluse chip clients including UK banks and Siemens. Floated at 1.16p three years ago, they fell to 5p but are now 32p. They recently issued a host of warrants to none other than one of the biggest companies in the world, General Electric. They make solutions software for field engineers, so they can arrange their daily schedules on the move. If a Sky repair man turns up on time, it is because he has used the SVR system. (and if he doesn't.........)
The balance sheet is not strong, but the company has signed several customers this year and I understand there may be two contract announcements imminent, one of which i have heard put at 5 million over about four years. They have also been conducting field tests with at least five international companies and further orders seem certain. i saw a broker's note (can't remember which) saying they should make 4.2p next year against a share price of 32p. Much depends on the number of contracts signed, but still with a niche and little competition, and the possibility of a takeover from the US in for free, the shares are a good punt. A line of stock of 2 million cleared an overhang last week and i understand may have found a US home. And someone was buying above the spread today, albeit only 24,000 shares. They were hard to get online so the mms may be short.
I bought today and hope to add.
One for the brave.ENDS.

I have great faith in this guy and have done reseearch on all he says, and find the company to be in a strong position.

Best to get in before the crowds but please DYOR.

GF.

ps, more research to come.

no probs GF, thanks for the correction.

http://www.servicepower.com/eseminar/presentation4/presentation.ram

This is an interesting E/presentation on the company lasts about 30 mins.

Might have heard it before but for those who havent it gives a good background on the company.

cheers GF.

More contract news.

ServicePower Technologies PLC
17 March 2004


SERVICEPOWER TECHNOLOGIES PLC

('SERVICEPOWER' OR THE 'COMPANY')

Strategic Partnership Announcement

ServicePower, the recognised market leader in artificial intelligence based,
field service scheduling applications, today announced it has signed a
Memorandum of Understanding with US Digital Television (USDTV) to provide
installation services for its digital television set-top boxes.

All United States over-the-air broadcast televisions stations are converting to
the new digital format. Digital television receivers featured from USDTV are
capable of receiving this new digital signal, by using either an indoor or an
outdoor antenna. The digital signal will then be displayed in either High
Definition with a HDTV, or in DVD-quality on a traditional analog television.
The requirements for the antenna depend on all kinds of factors such as line of
sight to the broadcast tower and distance. In most cases, these signals can be
received by an indoor (TV top) antenna.

The Agreement, when signed appoints ServicePower the preferred installation
administrator for this nationwide product launch. This is the same area of
business as the two recently announced contracts using transaction-based pricing
commercial models. The contract will be for three years, and annually extendable
thereafter. The value of the deal is subject to volume of transactions processed
through the system, and as this is a new business for USDTV there is no
historical model upon which to base future volumes. Discussions with USDTV
senior management suggest the contract could be worth in excess of 10 million
pounds over three years which would make it, when signed, the largest contract
for the Company.

ServicePower notes the announcement made in the US trade press yesterday and
take confidence that contractual negotiations will be completed soon.

Note: ServicePower refers to the company and SERVICEPower refers to the product.

17th March 2004

This was posted by a BBer on the ADFVN site as worth 10 million dollars.

It could be worth 10 million POUNDS YIPPPPPPPPEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

Yes superb news Greasepaint and a nice rise on the market aswell.

cheers GF.

DAILY MAIL
*The Chancellor's speech fails to interrupt a day at the races.
*Rate rise fear as deficit worsens.
*CBI sounds the alert over tax rises in the pipeline.
*Evolution bullish about ServicePower's (SVR.L) prospects.

cheers GF.

This makes very interesting reading.......

From The Times:

quote:
--------------------------------------------------------------------------------
March 18, 2004
Rumour of the day

SERVICE Power Technologies, the software developer, added 4p to 48p on a deal with US Digital Television, a supplier of set-top boxes, to schedule and manage the installation of TV aerials. However, dealers hear a further tie-up with Xerox is in the offing, while Whirlpool is the previously unnamed Fortune 250 appliance maker from which Service Power won work last month.

cheers Gf.

Broker note from Ev Bee Greg............

Evolution Beeson Gregory 100 Wood Street, London, EC2V 7AN 020 7071 4300
www.evbg.com 17 March 2004

ServicePower (SVR) Buy (unchanged)

Mkt cap: 25m Net cash: 6m Product update Price/Target: 60p

ServicePower moves into US TV aerial installation
ServicePower is close to an agreement to schedule and manage the
installation of any TV aerials which might be required for a new US digital
TV service.
Under 1996 legislation, US terrestrial analogue broadcasts are due to be
switched to digital, in much the same way as in the UK, in order to free up
much needed communications bandwidth. Congress has set a goal for all
U.S. television broadcasts to be digital by the end of 2006. Two-thirds of the
nation's 1,721 television stations are already broadcasting in digital,
according to the US National Association of Broadcasters. However
overriding this deadline, is the stipulation that analogue services cannot be
switched off until at least 85% of US homes can receive digital TV.
The vast majority of US homes have cable or satellite TV. This is generally
analogue and they will still have to take the expensive upgrade to digital
cable. This is not the market ServicePower will be addressing; rather there
are still some 10m lower income US homes reliant upon terrestrial analogue
broadcasts. With this switch to digital, their choice will be to subscribe for
digital cable, buy a new digitally enabled TV, or to buy a digital TV set-top
box to convert their old TV. The first two are likely to be too expensive for
these low income households, leaving the market open for digital TV
suppliers.
USDTV is but one of many digital set-top box suppliers now springing up to
fill this gap in the market. Such boxes can be bought from Fujitsu, Sony etc.
USDTV is different in that, as well as the standard terrestrial channels, its
package also includes the top-10 subscription cable channels which it
broadcasts to its customers. This should indeed make it a very popular
choice. USDTV works by collecting feeds from stations and networks at a
single digital transmission tower, which then uses bandwidth -- bought from
the stations -- to spray the signals to standard UHF/VHF antennas.
Customers must buy a $100 set-top device (sold in Wal-Mart) to decode the
channels, and then pay a monthly subscription thereafter. According to the
Washington Post, USDTV so far has about 1,000 subscribers in Salt Lake City
who pay $20 p.m. for 26 channels. ESPN, Fox News Channel, Disney and
Discovery Channel are among the 10 cable networks included in the
package. This compares favorably with the starting price of $63 p.m. for a
similar high definition digital cable service (excluding the installation
charge). It started broadcasting in Salt Lake City in December, has just
launched in Albuquerque, and plans Las Vegas later this month. USDTV
hopes to serve 30 markets by year's end and has raised $8.5 million in
funding, with an additional $12m available later.

USDTV approached ServicePower to use the infrastructure of its recently set
up warranty serving business, to schedule and manage the installation of TV
aerials where required in these homes. This installation is not a core business
for USDTV and not something it is keen to scale up for. The current estimate
is that 40-60% of its customers will require aerials. The charge will be $77.50,
and the cost will be $65.00. This price is ‘guaranteed’ by USDTV, who will
cover up to $5 of any excess costs for ServicePower.

As with many early stage businesses numbers are purely estimates. Of the
10m homes which must change, USDTV expects 2m will eventually select its
offering. If only 25% of these need aerials, over the next 5 years this contract
alone is worth $39m in revenues and c.$6m profit for ServicePower –
currently a 25m market cap. business. We emphasize that USDTV is an
early stage business in the US, however it appears to have a unique offering,
with the powerful backing of Wal-Mart, and has received plenty of publicity.
However we are not increasing our ServicePower forecasts until we have a
better idea of the take up of this service.

More importantly this is just one of an array of opportunities now opening
for ServicePower in the US. The GE deal transformed the company from a
small Stockport based software supplier into a business capable of
dominating the enormous US servicing and installation market. The value of
that opportunity is currently un-quantifiable and is limited only by the
resources available to the company. We retain our BUY recommendation.
Numbers could be huge but its too early to say


cheers GF.

Indeed they could. A class company still at over 60% below its flotation price of 116p. A classy business and the opening up of the US set top box market another exciting development.

Good call Hawick.

cheers Gf

arent the results due at the end of the month too some more good exposure still struggling with the 50p mark though

From Lemming, may have been covered before..........

SERVICE Power Technologies, the software developer, added 4p to 48p on a deal with US Digital Television, a supplier of set-top boxes, to schedule and manage the installation of TV aerials. However, dealers hear a further tie-up with Xerox is in the offing, while Whirlpool is the previously unnamed Fortune 250 appliance maker from which Service Power won work last month.

cheers GF.

Not brilliant results but we can see that the company is well on its way with reorganisation. The forward outlook is the key here and is very positive. I beleive we have a positive Broker upgrade.

ServicePower Technologies PLC
25 March 2004



ServicePower Technologies Plc

Preliminary results for the year ended 31 December 2003


ServicePower Technologies PLC

('ServicePower' or the 'Company')


Results for the twelve months ended 31st December 2003

KEY POINTS

•Revenue is 2,638k showing a reduction of 1,845k compared to 2002
•Gross margin down to 58% (2002 75%)
•Operating loss increased to 1,633k (2002 Loss 556k)
•Loss per share 2.67p (2002: 0.64p)
•No dividend to be paid (2002: Nil)

•Unprecedented number of new sales opportunities for SERVICEPower
•3 proof of concepts signed with US Fortune 100 companies
•V5 SERVICEPower live at 14 customer sites
•SERVICE/Mobility - first sale plus a proof of concept


EVENTS SINCE YEAR END

•Independent servicer model established
•Announced 2 new transaction-based contracts signed with GEC&I & Whirlpool
•1 Memorandum of Understanding (MoU) with USDTV signed
•These 3 agreements worth 2.7m revenue in 2004
•GEC&I contract and the MoU will be the largest agreements in the
company's history

•Business assets of Keyprestige Inc. acquired for between $1.42m and $1.5m
•5.9 million new working capital raised



ENQUIRIES:


ServicePower Technologies PLC (UK)

Barry Welck, Chairman Tel: 07831 396539
David Brisco, Chief Executive Officer Tel: 0161 476 2277


Evolution Beeson Gregory Limited

Michael Brennan Tel: 020 7071 4300
ServicePower Technologies Plc

Chairman's statement
__________________________________________________________________________________________


Introduction

This year we have seen the breakthrough into the independent servicer
marketplace with our 'Fulcrum' solution. We see this new opportunity as being so
significant we have set up a new dedicated business unit, Field Service
Solutions to fully exploit the market potential.

Since 30th December we have signed two new transaction based contracts and a
Memorandum of Understanding, acquired the business assets of Keyprestige, and
raised 5.9 million (net of costs) additional working capital. This will provide
sufficient investment to allow the company to become the leader in managing and
controlling the work of independent servicers on behalf of large corporate job
providers.

We continue to be regarded as the solution of choice for larger corporate buyers
of scheduling solutions, but they are demanding return on investment (RoI) be
proven before deployment. This increases the length of the sales cycle as they
require a 'proof of concept' and 'initial pilot' before moving to enterprise
deployment. However it provides us with good visibility and high confidence
about the predictability of future revenues and cash flow.

It is disappointing to report revenue for 2003 falling to 2,638k representing a
reduction of 1,845k as compared to 2002. This reflects the impact of the move
away from large enterprise licence purchases to phased payment for rollout
projects. The three new transaction based pricing contracts did not contribute
revenue in 2003. The gross margin has also fallen from 75% to 58% reflecting the
reduction in the proportion of software licence sales.

We submitted an unprecedented number of proposals for SERVICEPower during 2003,
indicating the market is moving from a technology-push to a consumer-pull
market. We have won seven new SERVICEPower deals in 2003 plus the GEC&I Field
Service Solutions contract. This is the highest number of contracts we have
signed in a single year. In the last three months of 2003 we won three new proof
of concept contracts, all with Fortune 100 companies which we expect to deliver
revenue in 2004.

The directors have confidence in the continued revenue growth of the business.

Results and Dividend

The loss before taxation was 1,624k (2002: loss of 555k). The operating cost
is 3,157k, 866k less than in 2002, reflecting the continued close control of
costs. The loss per share for the period was 2.67p (2002: loss per share of
0.64p). The Directors do not recommend the payment of a dividend.


SERVICEPower Business Review

I reported in the Interim Results the company had tendered for an unprecedented
number of contracts for SERVICEPower scheduling products. I am pleased to report
this high level of activity has continued into the second half of the year with
seven new contracts won in 2003; three of which are proof of concept contracts
with Fortune 100 companies.

The field service industry continues to move away from enterprise software
licence purchase to phased implementations involving proof of concept, pilot and
rollout phases. This change has had a significant impact on our 2003 full year
revenue as it defers revenue into future years. In addition, the long sales
cycle continues to make timing of contract awards uncertain leading to expected
2003 revenues being delayed until 2004. In view of our success in turning proof
of concepts into successful rollouts, the directors are very confident these
projects will make a significant contribution to future revenues. In addition,
existing customers continue to place additional business with us.

The deferral of revenue has meant the directors have been required to continue
to carefully control costs. Staff costs, directors emoluments and administration
costs have been reduced by 866,000. The directors believe the SERVICEPower base
costs are now in line with revenue.

Technology and Products

ServicePower is renowned for the breadth and quality of its product
functionality and the directors are determined this will remain so. Our Version
5 SERVICEPower product is now live at 14 customer sites. In 2003 we continued to
develop the SERVICE/Planner product and released our new SERVICE/Mobility
product. SERVICE/Mobility is a state-of-the-art application that allows field
service technicians to receive information about their jobs and report progress
back to their headquarters in real time. We recently announced this will be
further enhanced by our partner Konaware, Inc. to extend the functionality of
our Field Service Solutions offering.

It is our aim to focus our very experienced in-house development team on the
development of strategic scheduling functionality and outsource the development
of ancillary product functionality whenever possible. The development of the
Fulcrum system has been contracted to an Indian company, TATA, who were involved
in the development of GEC&I's electronic despatch system.

Partnership Agreements

In addition to software partners, the company is developing partnerships with
companies that will sell, install and support the product in new markets and in
particular to non-English speaking countries. We are currently working on
several sales campaigns with PDSC and Astea in the US, and with Square in
Europe. In March 2003 we signed an agreement with Productility to distribute
SERVICEPower in Italy and in February 2004 we announced Greenbaum Associates AG
will distribute and support the SERVICEPower intelligent scheduler throughout
German speaking countries. We look forward to these arrangements delivering a
new revenue stream in 2004.

Field Service Solutions Business Plan

Over the last two years the company has invested much time in research to gain a
sound understanding of how jobs are carried out by independent service
organisations in the US. The Directors concluded that this is a large and
growing segment, that there is a similar marketplace in Europe, neither of which
are serviced by any of the traditional field service solution vendors.
ServicePower, by being the first to market with a solution has a opportunity to
dominate the market. The Directors also concluded that to be successful in this
huge but fragmented market the Company should focus on one sector, gain control
of the jobs, develop a software solution and get access to the independent
servicers. This would mean a substantial change to our current business model.
The Company will become an outsourced solution provider in addition to being a
software vendor.

In recent months we have made great progress towards implementing this new
business model. We have access to jobs through the contract with GEC&I announced
in January. This contract also gives us exclusive rights to exploit the GEC&I
patent-pending technology. It is GEC&I's intention that this software should
become the industry-standard method of controlling jobs and are actively
promoting its adoption by hosting industry strategy briefings with leading
manufacturers and retailers. The recent acquisition of the business assets of
Keyprestige Inc. gives us the rights to the 'ClaimWorks' application which
alongside GEC&I's application and the SERVICEPower suite of software provides a
comprehensive and unique solution to the appliance and consumer electronics
market's needs. The long-term plan is to use the solution as a base offering
upon which to build additional higher value services for the appliance and
consumer electronics market and then to expand the business into other markets
and geographies.


We have augmented our management team to ensuring the success of this new
business by recruiting Chris Smith, previously President of GEC&I Warranty
Management. Chris, who has a wide range of experience in the retailer and
appliance sectors, will head Field Service Solutions. He has already started
recruiting an experienced team into our new offices in Louisville Kentucky, to
sell the concept to other manufacturers and retailers, and along with the
founders of Keyprestige to manage the ongoing operations.

I am now pleased to say the contract announced on February 20th is with
Whirlpool Corporation. Whirlpool are the largest appliance manufacturer in the
US and the award of this contract confirms that our offering is capable of
providing an industry-wide solution. We are confident the major appliance and
consumer electronics businesses are ready to outsource their work to a company
with an application capable of consolidating the market and providing improved
customer service, whilst at the same time driving down costs to all involved in
the service chain.

Contractual negotiations are proceeding well to convert the Memorandum of
Understanding with US Digital Television Inc. (USDTV) into a full Agreement.
This contract is potentially the largest in the history of the company. We
intend to use the infrastructure developed for the appliance market to provide a
unique scheduling and installation management service for this new business
opportunity. All United States over-the-air broadcast television stations are
being converted to the new digital format. More than 10 million homes must
change and USDTV management expects at least 2 million will eventually select
its offering.

The first two contracts are already delivering revenue and we would expect to
start managing installations for USDTV in April. In total these contracts are
expected to deliver at least 2.7m revenue in 2004.

Outlook

The Directors believe the new commercial model for the independent service
marketplace is the right direction for the company to take. It has been
confirmed by signing three agreements in as many months, two of which are the
largest in the company history. The 5.9 million new cash gives us sufficient
funds to establish a dominant position in this market and the regular revenue
and cash from long-term contracts will underpin the future success of the
company. The SERVICEPower software business is well established and set for
growth. Accordingly the Board is very confident for the future of the company.



Barry Welck

Chairman


cheers GF.

Broker Tips: Evolution buys ServicePower

Published: 10:22 Thr 25 March 2004
By Phill Cozens, Stockmarket Correspondent
Email to a friend |

Evolution Beeson Gregory has buy ratings for ServicePower Technologies and Cape and an add rating for Galen Holdings.

The broker has a reduce rating for Medisys.

cheers GF.

Will post the full BUY not from Service Power hopefully in the morning.

cheers GF.

Service Powers on
Service Power was briefly mentioned some time ago when Evolution Beeson Gregory came out and tipped it with a likely earnings upgrade around the corner. Since then, it has announced two big long-term contracts and raised a large amount of cash, yet I cannot see any more details in Shares magazine. What is happening there?

Richard Chapman
via E-mail


Polly Fergusson writes: Last week the software company reported a drop in full-year sales and widening pre-tax losses for 2003. Service Power (SVR) shares promptly fell on the news to 44.25p. Turnover dived a worrying 42% to 2.64 million from 4.48 million a year earlier, while the pre-tax loss came to 1.62 million compared with 555,000 the year before.

Housebroker EVBG admitted the results were poor, which just goes to show that just because the housebroker thinks it is a good buy, it might not always be right.

The drop in sales was basically due to delays in customers finalising their large software orders, so few large licences were sold over the period.

But the outlook for the future is more positive, with recent contract wins proving that the product is attractive to customers. The recent fundraising also puts the balance sheet on a healthier footing and is expected to go towards working capital.

Gordon i would take a look at the forward forecast stated within the last results, it may shed some light as to why the broker is very positive.

cheers GF.

This looks to be solid growth for Service Power!

ServicePower Technologies PLC
07 April 2004



SERVICEPOWER TECHNOLOGIES PLC

('SERVICEPOWER' OR THE 'COMPANY')

Contract Award

ServicePower, the recognised market leader in artificial intelligence based,
field service scheduling solutions, today announced it has signed contracts with
US Digital Television Inc. (USDTV) and with eWest Advantage Inc. (eWest) to
provide installation services for USDTV digital television set-top boxes. This
follows the announcement on 17 March 2004 that a Memorandum of Understanding had
been signed. The contract is the third significant contract in the last three
months to be signed by the newly formed ServicePower Field Service Solutions
division.

eWest will provide call centre infrastructure and support operations whilst
ServicePower will provide installation services and dealer sales thereby
providing USDTV with a total delivery service. USDTV is a new company set-up to
fill a gap in the market priced below the cable and satellite providers. USDTV
is well funded, having recently raised $8.0 million. The Company has engaged a
major securities firm to lead its next round of financing where it plans to
raise over $40 million from broadcasting and technology partners. Hisense, its
China-based manufacturing partner, has agreed to extend USDTV $60 million of
financing to facilitate the purchase of set-top boxes.

All United States over-the-air broadcast television stations are converting to a
new digital format. Congress has set a goal for all US television broadcasts to
be digital by the end of 2006 and plan to switch off analogue broadcasting when
85% of all homes can receive digital signals; this is expected to be completed
by 2009. Several companies now provide set-top boxes capable of receiving
digital signals including Fujitsu, Sony etc. The USDTV set-top box, which costs
$99.95, provides high definition television picture quality (HDTV) for existing
terrestrial channels plus, for a $19.95 monthly service fee, will deliver 12
quality satellite channels including Disney, ESPN sports, Discovery and the TLC
film channel.

It is thought that in excess of 10 million homes will need to buy a new
television with an in-built HDTV receiver or buy a set-top box. The USDTV
business plan expects its unique package of additional channels will attract
more than 3 million new customers to buy its set-top box and to take up its
service. The service was launched in Salt Lake City on a trial basis in December
2003. The success gave the USDTV management confidence to hold a Press Launch in
New York on 16th March at which they announced a nationwide rollout. The service
is now available in Albuquerque and shortly in Las Vegas and the plan has one
new city being added on a two-weekly basis throughout 2004. This plan is
supported by Wal-Mart who will have the set-top boxes available for sale in
every local store ahead of the rollout of the service. The set-top box is
planned to have, by the end of 2004, a TiVo-like receiver and built-in hard
drive giving additional desirability.

The Agreement appoints ServicePower the exclusive installation administrator for
this nationwide product launch for subscription based sales and fees are earned
on a transaction basis, based on the number of set-top box installations
completed each month. ServicePower is responsible for finding, recruiting,
despatching jobs and paying the installer $65 per installation. ServicePower
will earn a guaranteed minimum gross margin on top of the installation and will
earn a share in the monthly subscription contract for the life of the service
contract, for each USDTV subscription contract sold by our authorised-installer
network.

ServicePower has begun installations in Albuquerque and is pleased to report
that the rate of rollout and margins are in line with forecast. The contract
will be for three years, and annually extendable thereafter. The value of the
deal is subject to the success of the USDTV set-top box sales, and the number of
these that then require an installation. The pilot in Salt Lake City indicates
that between 25% and 50% will require an installation service carried out but,
as this is a new business there is no historical model upon which to base future
volumes. As stated on 17 March 2004, the Directors are confident this deal will
turn out to be the largest contract signed in the company's history.

Note: ServicePower refers to the company and SERVICEPower refers to the product.

7th April 2004


--------------------------------------------------------------------------------



Contacts:

David Brisco, Chief Executive Officer Tel: 0161 476 2277
Barry Welck, Non-executive Chairman Tel: 07831 396539
ServicePower Technologies PLC

Michael Brennan Tel: 020 7071 4300
Evolution Beeson Gregory Limited

Rise in share price today on close @ 46.5p will trigger a stop loss limit from a low (support) 5 days ago @ 41p (now up 15.85%) indicating to close any short positions and trade long as MACD & RSI have generated strong buy signals AND there is very positive contract news. DYOR & LOL

Share price now looks to be extremely cheap with this news!

ServicePower Technologies says 2004 starts well
AFX


LONDON (AFX) - ServicePower Technologies PLC said 2004 has begun extremely well for the company, with the new business unit, Field Service Solutions, having already signed new contracts with General Electric, Whirlpool and

USDTV.

'The GE and Whirlpool out-of-service jobs have begun to deliver revenue,

but we are still at an early stage,' chairman Barry Welck said at the company AGM.

'The set-top box rollout to Salt Lake City, Albuquerque and Las Vegas is running well ahead of USDTV management expectations and the number of these requiring installation by ServicePower is also much higher than we expected. 'The rollout is planned for the next four new markets in July, these include the major metropolitan areas of Los Angeles and Phoenix. I believe we will need to monitor weekly volumes through into the summer months before any reliable trends become apparent, but the early signs are very promising.'

He added: 'The SERVICEPower software business continues to operate to expectations, with the number of prospects growing and the proof of concept projects progressing satisfactorily toward software licence sales.'

bam