blur Group is a technology company reinventing how businesses do commerce at blurgroup.com. Its Global Services Exchange delivers services differently: a new way to buy, manage and pay for core services. As of July 2013, more than 30,000 businesses in 141 countries have adopted this s-commerce platform and changed the way they work. 100 projects per month from companies like Broadridge, Coral, Exceed, HCA, Momentive, Red Commerce, the Financial Times, Berlitz, Butlins, GE Healthcare and Tyco are received. Over the same time, average brief value has grown from around US$1,500 in 2010 to US$10,800 in the first quarter of 2013. By mid-2013, more than 2,200 projects had been submitted with a combined value of over US$35 million. These have come from the US, UK, Europe, Africa and Asia with over 28,000 expert service providers on eight exchanges responding to them


http://blurgroup.com/

Dot.com Chart if ever I saw one.

Listen to Tim Allen (Blur's CFO) interview here

why waste your time?

Launch of blur Data, listen to the news here.

8 POUNDS ONCE UPON A TIME

I know. :-))

Around 4p for those interested.

I liked it better at 790p :-))

Only 783p to get back up there!!!!!!!!!!

StockMarketWire.com
blur Group has warned shareholders the value of their holdings could be severely reduced or become nil unless it secures alternative near-term financing within the next few weeks.

The group - which had cash balances of $1.14m at the end of May - said market soundings had taken place with new and existing potential cornerstone investors to provide additional financing to deliver the board's updated business plan.

But it said some of the investment terms put forward in these discussions included a number of onerous conditions which the board considered were not in the best interests of shareholders.

The group said the board was now evaluating alternative sources of funding but if this was not forthcoming within the next three to six weeks the board would be required to take action to protect the interests of creditors.

It said this could result in the value attributable to shareholders being severely reduced or becoming nil.

blur's quarterly business update announced on 8 February said the cash burn for the fourth quarter of 2016 was $0.9 million ($1.0m in Q3 2016).

It said this rate of cash burn had stayed broadly constant in the year to date, and cash balances at 31 May were $1.14m.

The group said its business plan for the coming months focused on furthering its enterprise customer strategy by establishing additional high value relationships with blue chip multinational customers from a variety of sectors, while optimising the cash requirement of the business and shortening the path to profits.

It said this was planned to be achieved by implementing a number of actions intended to further focus and streamline the business.

It said these include:

- reduction in fixed salaries and fees of the management team and board and a shift towards a more incentive-based remuneration approach

- as the head office lease reaches its conclusion in the coming period, assessing the suitability of current rented office space and evaluating potentially more efficient alternatives

- more tightly focused Sales and Marketing effort prioritising specific enterprise targets, to maximise the return on investment

- ensuring delivery teams are appropriately sized as platform roll outs are achieved with higher levels of automation across blur's platform

- ensuring appropriate level of investment in blur's technology given the recent releases increasing both automation and functionality

- optimisation of overall operational costs, providing sufficient resources for current levels of trading as well as ability to grow revenues

The group said trading since 31 December had been in line with forecasts and the company expected to announce its final results on 29 June.

800p in 2014, great days. :-))

Dot.com 2.0

Restoration of Ordinary Shares to Trading on AIM

Following the publication of the Company's annual report and accounts at 7.00am today, it is expected that trading in the Company's ordinary shares will resume on AIM at 8.00am today following restoration of trading at 7.30am. The Company's annual report and accounts are available at the Company's website