Access Intelligence has five operating subsidiaries:

* The Marketing Guild, based in York, which provides marketing advice
and support to small and medium sized businesses. This is in the form of
newsletters, consultancy, lead generation and member's services.
http://www.marketing-guild.com

* Wired Gov, based in Stockport, provides an online information service
delivering press releases from over 100 government and public sector
bodies. Subscribers can customise the service specifying the agency or
topic they require.
http://www.wired-gov.com

* Backup and Running, based in York, provides an online data storage and
disaster recovery service, which the client can customize to their own
requirements. The service offers significant advantages over other
alternative systems in that it backs up automatically and can provide a
complete backup history for at least three years.
http://www.backupandrunning.co.uk


* Willow Starcom (Ridgeway Technologies), based in Chorley, provides
specialist IT services across a broad range of market sectors that
include data storage, backup and recovery, network design support and
consultancy and hardware and software maintenance support services. It
has growing recurring revenues from these activities of over 1million
per annum.
http://www.willowstarcom.co.uk


* Due North, based in Newcastle-Upon-Tyne, is a developer and provider of
e- commerce solutions, primarily to the public sector and emergency
services. The range of products includes an e-tendering module combined
with an e-auction module.
http://www.due-north.com


Access Intelligence is a group of companies delivering a range of business
critical support services to private and public sector organisations.
The team of Directors, Jeremy Hamer, Brendan Austin, Colin Davies, Ian Savage
and Alwin Thompson, has extensive experience in making successful acquisitions
while simultaneously driving organic growth: in less than two years since
flotation, Access Intelligence has acquired and successfully integrated five
businesses in four different market segments.

The Group Today

Today, Access Intelligence is a technology-based Support Services Business. It
harnesses the power of internet-based Information and Communication Technologies (ICT) to deliver vital information and support services. Specifically these are:

* Digital marketing services and business development support.
* Online and offline data storage back-up and retrieval
* Sourcing and procurement software for both buyers and suppliers in
industry and local government
* Electronic news and current awareness digests of Government initiatives,
policies and finance affecting business, the professions and the public sector

The Business Model

The majority of the Group's income is from repeating revenues delivered through
recurring contracts ranging between one and five years. This model provides
excellent visibility of future revenues and, with effective customer retention,
outstanding gross margins over the longer term.

The Strategy for Growth

The strategy is to acquire businesses which have good management and high growth potential that fit the revenue model while, at the same time, adding value to the Group's existing services.

The businesses acquired will have substantial autonomy to develop within budgets
agreed with the Group Chief Executive and Finance Director, whilst benefiting
from the experience and cross selling opportunities provided by being part of an
expanding group of companies.

At this stage of the Group's development, the Central Group Executive Team,
which is based in York, will be kept to a maximum of four people, including
support staff. The Non-Executive Directors will continue to be involved in
sourcing and evaluating potential acquisitions and monitoring the performance of
the Group.

2517
Yes, you can usually count on PP to pick a good one - isn't that right PP?!
I usually shy away from Techy shares, there are so many companies out there and sooo many failures! ACC does seem solid and I have felt comfortable holding.
kim

There we go... afternoon tick up again..
Results out on Wednesday.

A nice 115k buy after the bell and over the offer.

Still moving well, and we will know the results soon enough.

FOR RELEASE 7.00AM 8 MARCH 2006

ACCESS INTELLIGENCE PLC

('Access Intelligence or 'the Group')

(A technology-based support services group which uses the power of
internet-based information and communication technologies to deliver vital
information and support services to a broad range of companies)

PRELIMINARY RESULTS

FOR

THE FINANCIAL YEAR ENDED 30 NOVEMBER 2005

2005 2004 Change

000 000

Turnover 1,943 543 358%

Profit / (loss) before tax and amortisation

of goodwill 175 (259) N/a

Loss before tax (10) (381) N/a

Basic earnings / (loss) per share (0.10p) (1.59p) N/a

Adjusted earnings / (loss) per share 0.21p (1.02p) N/a

Dividends per share Nil Nil N/a

* Turnover adjusted for acquisitions up by 45%

* Recurring revenue for current year around 2m p.a.

* Capital raising of 2.8m net of expenses.

* Net cash 603,000 (2004: net debt 224,000)

* Two substantial acquisitions

*
+ Ridgeway Technologies Limited for initial payment of 700,000

+ Due North Limited for an initial payment of 1.5 million

* Current trading in line with market expectations

For further information:

Access Intelligence plc 01904 520 840

Jeremy Hamer (Non Executive Chairman)

Brendan Austin (Chief Executive)

Colin Davies (Finance Director)

Cubitt Consulting 020 7367 5100

Brian Coleman-Smith / Allison Reid / Nia Thomas

Corporate Synergy 020 7448 4400

Rhod Cruwys / David Seal

Background Note

Who are we and what do we do?

Access Intelligence is a group of companies, with operations in York,
Newcastle-Upon-Tyne, Chorley in Lancashire and Stockport in Greater Manchester,
delivering a range of business critical support services to private and public
sector organisations.

The team of directors, Jeremy Hamer, Brendan Austin, Colin Davies, Ian Savage
and Alwin Thompson, has extensive experience in making successful acquisitions
while simultaneously driving organic growth. In the two years since flotation,
Access Intelligence has acquired and successfully integrated two businesses.

The Group Today

Today, Access Intelligence is a technology-based support services business. It
harnesses the power of internet-based information and communication
technologies (ICT) to deliver vital information and support services.
Specifically these are:

* Digital marketing services and business development support;

* Online and offline data storage back-up and retrieval;

* Sourcing and procurement software for both buyers and suppliers in industry
and local government; and

* Electronic news and c

FOR RELEASE 7.00AM 8 MARCH 2006

ACCESS INTELLIGENCE PLC

('Access Intelligence or 'the Group')

(A technology-based support services group which uses the power of
internet-based information and communication technologies to deliver vital
information and support services to a broad range of companies)

PRELIMINARY RESULTS

FOR

THE FINANCIAL YEAR ENDED 30 NOVEMBER 2005

2005 2004 Change

000 000

Turnover 1,943 543 358%

Profit / (loss) before tax and amortisation

of goodwill 175 (259) N/a

Loss before tax (10) (381) N/a

Basic earnings / (loss) per share (0.10p) (1.59p) N/a

Adjusted earnings / (loss) per share 0.21p (1.02p) N/a

Dividends per share Nil Nil N/a

* Turnover adjusted for acquisitions up by 45%

* Recurring revenue for current year around 2m p.a.

* Capital raising of 2.8m net of expenses.

* Net cash 603,000 (2004: net debt 224,000)

* Two substantial acquisitions

*
+ Ridgeway Technologies Limited for initial payment of 700,000

+ Due North Limited for an initial payment of 1.5 million

* Current trading in line with market expectations

For further information:

Access Intelligence plc 01904 520 840

Jeremy Hamer (Non Executive Chairman)

Brendan Austin (Chief Executive)

Colin Davies (Finance Director)

Cubitt Consulting 020 7367 5100

Brian Coleman-Smith / Allison Reid / Nia Thomas

Corporate Synergy 020 7448 4400

Rhod Cruwys / David Seal

Background Note

Who are we and what do we do?

Access Intelligence is a group of companies, with operations in York,
Newcastle-Upon-Tyne, Chorley in Lancashire and Stockport in Greater Manchester,
delivering a range of business critical support services to private and public
sector organisations.

The team of directors, Jeremy Hamer, Brendan Austin, Colin Davies, Ian Savage
and Alwin Thompson, has extensive experience in making successful acquisitions
while simultaneously driving organic growth. In the two years since flotation,
Access Intelligence has acquired and successfully integrated two businesses.

The Group Today

Today, Access Intelligence is a technology-based support services business. It
harnesses the power of internet-based information and communication
technologies (ICT) to deliver vital information and support services.
Specifically these are:

* Digital marketing services and business development support;

* Online and offline data storage back-up and retrieval;

* Sourcing and procurement software for both buyers and suppliers in industry
and local government; and

* Electronic news and current awareness digests of government initiatives,
policies and finance affecting business, the professions and the public
sector.

The Business Model

The majority of the Group's income is derived from repeat revenues delivered
through recurring contracts ranging between one and five years. This model
provides excellent visibility of future revenues and, with effective customer
retention, outstanding gross margins over the longer term.

The Strategy for Growth

The strategy is to acquire businesses which have good management and high
growth potential that fit the revenue model while, at the same time, adding
value to the Group's existing services.

The businesses acquired will have substantial autonomy to develop within
budgets agreed with the Group Chief Executive and Finance Director, whilst
benefiting from the experience and cross selling opportunities provided by
being part of an expanding group of companies.

At this stage of the Group's development, the Central Group Executive Team,
which is based in York, will be kept to a maximum of four people, including
support staff. The Non-Executive Directors will continue to be involved in
sourcing and evaluating potential acquisitions and monitoring the performance
of the Group.

ACCESS INTELLIGENCE PLC

PRELIMINARY RESULTS

FOR

THE FINANCIAL YEAR ENDED 30 NOVEMBER 2005

Chairman's statement

I am very pleased to announce our results for the year ended 30th November
2005. This year has seen the Group transformed by both the fundraising we
completed in December 2004 and the two acquisitions we made in June and July
2005. Together with the progress we have made in our core businesses this has
been an excellent year.

Results

Group turnover was up by 358% to 1,943,000 (2004: 543,000). Turnover adjusted
for acquisitions grew by 45%. Operating profit before amortisation has now
moved into a profit of 175,000 (2004: Loss 259,000). Adjusted earnings per
share improved significantly to 0.21p (2004: Loss per share of 1.02p).

The Group is not proposing to pay a dividend on the ordinary shares. The
dividend scheduled in the accounts is payable to the preference share holders.

The Year in focus

In December 2004 we raised 3,000,000 (2,808,000 net) at 10p per share to
accelerate our acquisition strategy. At the year-end we had net cash of
603,000 (2004: Net Debt 224,000).

On June 27th 2005 we completed a reverse takeover of Ridgeway Technologies
Limited ('Ridgeway Technologies'), a leading provider of managed data storage,
retrieval and network solutions. The acquisition complemented the activities of
Backup and Running plc ('Backup and Running') our online data storage and
retrieval business. Ridgeway was purchased for a cash consideration of 650,000
and 50,000 in Access Intelligence shares. There were net cash balances at
completion of 176,000. There is an earn-out payable in shares based upon 5
times profits in excess of 100,000 for the year ended December 2005 which is
likely to result in the Group issuing a further 800,000 in Ordinary Shares.
Since joining the Group Ridgeway and Backup and Running have been merged
operationally enabling us better to exploit reseller channels and reduce costs
by 75,000 annually.

On the 6th July 2005 we completed the purchase of Due North Limited ('Due
North') a leading software developer of e-commerce solutions predominantly in
purchasing and procurement, to both public and private sectors. The
consideration at completion was 1,000,000 in cash and 500,000 in Access
Intelligence shares. There is an earn-out in place providing the vendors with 4
times 2006 operating profits in excess of 350,000 and 3 times 2007 operating
profits in excess of 450,000. These payments will be predominantly share
based. At this stage we have made a provision of 350,000 for additional
payments.

Our other two companies The Marketing Guild Limited ('Marketing Guild') who
provide marketing and business development information and support to small and
medium sized businesses and Wired Gov Limited ('Wired Gov') who provide an
electronic distribution service of government initiatives, policies and finance
affecting businesses, have both developed their offering significantly during
the year.

Our business model

The Group's objective is to acquire and build businesses which provide services
to corporates and the public sector by way of recurring revenue contracts
lasting between one and five years. This model provides excellent visibility of
future revenues and, with effective customer retention, outstanding gross
margins over the longer term. On the first day of the new financial year we had
approximately 2m of contracted recurring revenue for this year.

Staff

Our future prosperity is in large measure dependent on the ability and loyalty
of our people. Their specialist knowledge and skills is key to providing our
value added services to our customers. Staff turnover is low and we continue to
attract high calibre people.

On behalf of the board I would like to thank our employees for their continued
commitment.

Current Trading and Outlook

We have begun the new year in line with market expectations. The markets where
we compete are still buoyant and together with our continuing investment in
technology and people development enable us to view the Group's outlook with
optimism.

We continue to look for further businesses to join the Group and are encouraged
by the opportunities available to us. In conclusion we are looking forward to
another significant step forward in 2006 founded on full year contributions
from Ridgeway and Due North.

Jeremy Hamer

Chairman

8 March 2006

Chief Executives Review

Looking back

Last year we completed two strategic acquisitions. Both companies have strong
management teams and operate in expanding markets.

Ridgeway Technologies, which trades as Willow Starcom, supplies mission
critical data storage, retrieval and network solutions to mid-sized corporate
businesses.

It sells its services predominantly through a reseller channel, which enables
them to grow with a minimum increase in headcount. Currently more than 50% of
its revenues are recurring.

The acquisition has enabled us to move Backup and Running from York to Willow
Starcom's premises in Chorley in Lancashire with the added advantages of using
their channel to sell our online service and utilise its 24-hour support centre
to service our existing customer base. Both sales forces are tightly integrated
and are already supplying each other with sales opportunities.

Due North, based in Newcastle-Upon-Tyne, develops business support software
using industry standard platforms. Its e-procurement software is used widely in
the local authority sector. It provides a complete closed loop solution which
enables authorities to save money and increase operational efficiencies. The
product suite enables any organisation to manage the complete customer supplier
relationship from initial expression of interest, through tender evaluation,
post tender negotiation - using its reverse auction software - contract award
and management. Since joining the group Due North has nearly doubled its market
penetration and has begun opening up opportunities in health, universities and
the private sector.

Wired Gov, based in Stockport in Greater Manchester, which uses its technology
platform to provide government press releases to a growing subscriber base in
both public and private sectors, has seen year on year growth of 10%.
Subscriber retention rate is 94%, demonstrating the value its customers place
on the service they receive. During the year it increased revenues from
permission based advertising sponsorship by 86%. In 2006 the management plans
to launch a newsletter to capitalise on that success to increase advertising
and sponsorship revenues.

The Marketing Guild, based at the head office in York, has continued to develop
the Platinum Service offering increased benefits to members. During the year it
has increased revenues by 34%. A new online service has been launched during
the year with an encouraging response.

The year ahead

Market conditions look promising for our data storage and recovery division
Willow Starcom and Backup and Running. The world network storage software
market rose 10% year on year to reach $2.1bn in the third quarter of 2005. At
the same time the back-up and archive market increased by 12.7% growth (IDC
2005). We believe this trend will continue as the increasing awareness of
regulatory compliance among companies grows. Storage revenues are set to grow
globally by 20% in 2006 and 18.5% in 2007. (EIU 2005).

Legislation such as the Data Protection Act and the Freedom of Information Act
will fuel this growth as will high press coverage of Basel II and the US
initiated Sarbanes-Oxley legislation. E-mail archiving and retrieval is set to
grow at an annual compound rate of 34.5% until 2009 (IDC 2005).

We will launch Starscan, our managed e-mail scanning service, in May to support
our e-mail retrieval capability to capitalise on this opportunity. We are
increasing our sales resource and support infrastructure in support of this
initiative.

Due North is well positioned to take advantage of the efficiency targets and
savings set out in the Gershon review of civil procurement, by building on its
success in local authorities and emergency services. Additional sales resource
has been invested to enable it to increase its share of the health service and
universities markets. It continues to seek partners to help it exploit the
private sector.

In summary we have positioned ourselves to take advantage of the opportunities
that are available to us following the restructuring of the Group and we remain
confident, barring a major economic downturn, that we will have another
successful year.

Brendan Austin

Chief Executive

8 March 2006

Finance Director's Review

During the year we successfully raised 2.8m new equity net of expenses and
introduced new institutions to our shareholder base. The fundraising allowed us
to acquire two companies and start to build some critical mass within the
Group.

Although the Group has grown by acquisition our existing companies demonstrated
organic growth of 45%, which is an excellent achievement.

During the year we repaid all our bank loans and at the year-end had net cash
of 603,000.

The strategy of the Group is to focus on companies that have a high element of
recurring revenue. We believe that this will underpin the quality of earnings
and generate strong cash flow. At the start of the current financial year
income from contracts, licences fees and subscriptions was approaching 2m.
p.a.

Colin Davies

Finance Director

8 March 2006

ACCESS INTELLIGENCE PLC

CONSOLIDATED PROFIT AND LOSS ACCOUNT

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2005

Notes 2005 2004

000 000

Turnover

Continuing operations 787 543

Acquisitions 1,156 -

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

1,943 543

Cost of sales (782) (290)

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

Gross profit 1,161 253

Operating expenses

Amortisation of goodwill (185) (122)

Other operating expenses (1,061) (504)

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

Total operating expenses (1,246) (626)

Operating profit (loss)

Continuing operations (21) (251)

Acquisitions 121 -

Amortisation of goodwill (185) (122)

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

Operating (loss) (85) (373)

Interest receivable 79 9

Interest payable (4) (17)

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

(Loss) on ordinary activities before (10) (381)
taxation

Taxation 3 (50) 41

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

(Loss) for the financial year (60) (340)

Dividends (16) -

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

(Loss) transferred to reserves (76) (340)

====== ======

Basic earnings per share 2 (0.10p) (1.59p)

====== =====

Adjusted earnings per share 2 0.21p (1.02p)

====== =====

Diluted earnings per share 2 (0.10p) (1.53p)

====== =====

Diluted adjusted earnings per share 2 0.20p (0.98p)

====== =====

ACCESS INTELLIGENCE PLC

CONSOLIDATED BALANCE SHEET

AT 30 NOVEMBER 2005

Notes 2005 2004

'000 '000

Fixed assets

Intangible 5 5,730 2,433

Tangible 123 83

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

5,853 2,516

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

Current assets

Stocks 277 14

Debtors 1,122 121

Cash at bank and in hand 603 31

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

2,003 166

Creditors: amounts falling due within one (2,245) (361)
year

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

Net current ( liabilities)/assets (242) (195)

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

Total assets less current liabilities 5,611 2,321

Creditors: amounts falling due after more than (150) (142)
one year

Net assets ---------- ----------

5,461 2,179

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

Capital and reserves

Called up share capital 508 332

Share premium account 5,369 2,187

Other reserves

Profit and loss account (416) (340)

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

Equity shareholders' funds 5,461 2,179

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


ACCESS INTELLIGENCE PLC

CONSOLIDATED CASH FLOW STATEMENT

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2005

Notes 2005 2004

'000 '000

Net cash outflow from operating activities (172) (540)

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

Returns on investments and servicing of
finance

Interest paid (4) (17)

Interest received 79 9

Dividends Paid (16)

Net cash inflow/ (outflow) from returns on 59 -------
investments and servicing of finance
(8)

Taxation (24) -

Capital expenditure and financial investment

Purchase of intangible fixed assets (57) (98)

Purchase of tangible fixed assets (92) (49)

Net cash outflow from capital expenditure --------- ---------

(149) (147)

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

Acquisitions and disposals

Purchase of subsidiary undertakings (1,971) (1,753)

Net cash acquired with subsidiaries 276 ---------

---------

Net cash outflow from acquisitions and (1,695) (1,753)
disposals

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

Net cash outflow before financing (1,981) (2,448)

Financing

Issue of share capital 3,000 2,727

Costs of Fundraising (192) (208)

Net movement on loans (213) (82)

Net cash inflow from financing --------- ---------

2,595 2,437

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

Increase/(Decrease) in cash 614 (11)

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

NOTES TO THE FINANCIAL INFORMATION

1. Basis of preparation and financial information

The financial information in this preliminary announcement has been prepared in
accordance with the accounting policies set out in the financial statements of
Access Intelligence PLC for the financial year ended 30 November 2005 which
have remained unchanged from the financial year 2004.

The financial information in this document does not constitute the company's
statutory accounts for the financial year ended 30 November 2005 or financial
year 2004, but is derived from those accounts. Statutory accounts for 2004 have
been delivered to the Registrar of Companies and those for 2005 will be
delivered following the company's Annual General Meeting. The auditors have
reported on these accounts; their reports were unqualified and did not contain
statements under sections 237 (2) or (3) of the Companies Act 1985.

2. Earnings per share

Earnings per share is calculated on the basis of profit for the year after tax
divided by the weighted average number of shares in issue for 2005 of
59,152,498 (2004: 21,361,595).

Diluted earnings per share is calculated on the basis of profit for the year
after tax divided by the weighted average number of shares in issue for 2005
adjusted for the dilutive effect of options granted which totals 62,502,498
(2004: 22,200,095).

An adjusted earnings per share and a diluted adjusted earnings per share, which
exclude goodwill amortisation, have also been calculated to allow shareholders
to gain a clearer understanding of the trading performance of the Group.

2005 2004

Earnings Weighted Per Share Earnings Weighted Per Share
Average No of Amount Average No of Amount
'000 shares pence '000 shares pence

Earnings (60) 59,152,498 (0.10p) (340) 21,361,595 (1.59p)
attributable to ordinary
shareholders

Amortisation 185 - - 122 - -
of goodwill
-------- ----------- ----------- ---------- ----------- -----------

Adjusted 125 59,152,498 0.21p (218) 21,361,595 (1.02p)
earnings per
share ======= ======== ====== ======= ======== ======

Dilutive - 3,350,000 - - 838,500 -
effect of
options ------------ ------------- ----------- ------------ ------------- -----------

Diluted (60) 62,502,498 (0.10p) (340) 22,200,895 (1.53p)
earnings per
share

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

Diluted 125 62,502,498 0.20p (218) 22,200,895 (0.98p)
adjusted
earnings per ====== ======= ===== ====== ======= =====
share

3. Taxation

2005 2004

'000 '000

Corporation tax at 30% (2004: 30%) 42 -

Deferred tax 8 (41)

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

50 (41)

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

Factors affecting the tax charge for the year

The corporation tax assessed for the year is lower than the standard rate of
corporation tax in the United Kingdom of 30% (2004: 30%). The differences are
explained below:

2005 2004

'000 '000

Profit (Loss) on ordinary activities before tax (10) (381)

====== ======

Profit (Loss) on ordinary activities multiplied by (2) (72)
standard rate of corporation tax in the UK of 30%
(2003: 30%)

Effect of:

Expenses not deductible for tax purposes (1) (4)

Capital allowances in excess of depreciation 1 9

Other timing differences 35 26

Adjustment due to tax rate of 19% 17 -

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

Current tax charge for the year 50 (41)

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

4 Acquisitions

The acquisitions of the Group for the year were as follows:

On 27 June 2005, the entire issued share capital of Ridgeway Technologies
Limited (RT) was acquired for an initial consideration of 700,000 satisfied by
the issue of 500,000 shares at 10p per share and cash of 650,000. Deferred
consideration of up to 1m is payable dependent on the results for the year
ended 31 December 2005. A provision has been made for additional consideration
payable in shares of 800,000.

On 5 July 2005 the entire issued share capital of Due North Limited (DN) was
acquired for an initial consideration of 1 million, which was satisfied by the
issue of 4,686,034 ordinary shares at 10.67p per share and 1,000,000 in cash.
Deferred consideration of up to 1.85m is payable dependent on the results for
the three years ending 31 August 2008. At this stage a provision has been made
for Deferred consideration of 350,000.

The acquisitions have been accounted for using the acquisition method of
accounting, and goodwill arising on consolidation has been capitalised and will
be amortised over a period of 20 years, their expected useful lives.

The following table sets out the identifiable assets and liabilities acquired:

RT DN Total

'000 '000 '000

Tangible fixed assets 29 17 46

Stocks 238 238

Debtors 423 180 603

Cash 176 100 276

Creditors (632) (205) (837)

Taxation (34) (32) (66)

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

Net assets acquired 200 60 260

Fair value adjustments

Goodwill 1,469 1,942 3,411

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

Satisfied by: 1,669 2,002 3,671

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

Cash 650 1,000 1,650

Issue of shares 50 500 550

Deferred consideration 800 350 1,150

Acquisition costs 169 152 321

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

1,669 2,002 3,671

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

Ridgeway Technologies Limited achieved a profit before taxation of 102,000 in
the year ended 31 December 2004. The profit before taxation of Due North
Limited was 69,000 in the year ended 31 August 2004.

5. Intangible fixed assets

Goodwill Development Total
costs
'000 '000
'000

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

Cost

At 1 December 2004 2,435 134 2569

Additions - 92 92

On acquisition 3,411 3,411

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

At 30 November 2005 5,846 226 6,072

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

Amortisation

At 1 December 2004 122 14 136

Charge for the year 185 20 205

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

At 30 November 2005 307 34 341

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

Net book amount

At 30 November 2005 5,539 192 5,731

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

At 30 November 2004 2,313 120 2,433

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

The useful economic life of the goodwill in respect of all acquisitions is 20
years, based on the directors' assessment of the income streams of the acquired
businesses.

Copies of the preliminary announcement are available from the company's
Registered Office at Regency House, Westminster Place, York Business Park,
York, YO26 6RW. The Annual Report and Accounts for the financial year ended 30
November 2005 will be posted to shareholders on or about 8 April 2006.

Well, what a load of rubbish this is....what a bummer ! Another share with good results and the SP goes down !... this one was supposed to have gone up on results.....now totally hacked off !

PP where are you ? what's going on mate ?

If the SPO goes down when the news is this good... what's it gonna take take for the SP to go up !?

Access Intelligence swings into FY profit pre-goodwill
AFX


LONDON (AFX) - Access Intelligence PLC, a technology-based support services group, turned around to profits in 2005 with a pretax figure before goodwill of 175,000 stg, up from a loss of 259,000 stg a year earlier.

Turnover surged to 1.9 mln stg from 543,000 stg and the pretax loss after goodwill was 10,000 stg, reduced from a loss of 381,000 stg in 2004.

The group added that current trading is in line with market expectations.

The markets where Access competes are still buoyant and together with continuing investment in technology and people development the group said this gives it an optimistic outlook.

Chairman Jeremy Hamer said the group continues to look for further businesses to join it and is encouraged by the opportunities available.

Market conditions look promising for the group's data storage and recovery division Willow Starcom and Backup and Running, Hamer said. Storage revenues are set to grow globally by 20 pct in 2006 and 18.5 pct in 2007.

Access will launch Starscan, its managed e-mail scanning service, in May to support its e-mail retrieval capability. It is also increasing its sales resource and support infrastructure in support of this initiative.

Hamer also said Due North is well positioned to take advantage of the efficiency targets and savings set out in the Gershon review of civil procurement, by building on its success in local authorities and emergency services.

Chief executive Brendan Austin said the group has positioned itself to take advantage of the opportunities that are available to it following its restructuring and it remains confident, barring a major economic downturn, that it will have another successful year.

newsdesk@afxnews.com

slm

skyhigh
I agree the sp fall is annoying, the pre-ex figures were (5K) better than forecast but the eps was just shy (0.21) of the expected (0.25). T/O up impressively and due to increase again in 06. I have built up a position in these, fortunately at lower than the current price, imo PP was correct in his thinking that the sp will appreciate over the coming months, this is one to tuck away.
2517

Results were in line and good, outlook good, and also this year we are in line with forecasts (which is 0.75p EPS).

Short term price movements aside (and yes they annoy but in the scheme of things are not of concern for the long term) then things look good and ACC is on the long road of recovery. Interims should confirm the short term positives and I think it will not be too many months before a rise through 10p and holding 10p as support in future. One to tuck away it certainy is 2517.

Some good news......
UK smallcap opening - Access Intelligence up as FD buys stock
AFX


LONDON (AFX) - Access Intelligence attracted support and rose 0.63 to 7.75 pence in response to news that finance director Colin Davies has picked up 200,000 shares at a price of 8 pence.

the up tick didn't last long did it ? disappointing considering all the "hype"
Will place this on the back burner for now...

Director buy at 8p :)

And now the latest update from www.armshare.com :

"The company broker's note dated 8th March projects EPS of 0.75p for 2005/6 and 0.85p for 2006/7 representing P/Es of 10.3 and 9.1 respectively based on the share price of 7.75p at 8th March. The company is going through a classic phase where it is just moving into profit, the bottom line figures are tiny and the City gets bored, particularly as the AIM universe gets bigger - these situations create attractive opportunities for alert and patient private investors - Access is one such opportunity."

A bit in the Independent today on ACC :

http://money.independent.co.uk/personal_finance/invest_save/article351905.ece

"My success with GSC has, however, been nullified by the performance of Access Intelligence, an online support services group. I paid 9p for the shares; they are now 6.5p. But I am staying on board; it is a promising enterprise. And I believe it will eventually deliver. The year's results were not too bad, although below my expectations. I'd anticipated a "true" pre-tax profit. But the ubiquitous goodwill amortisation charge (here, 185,000) had to be logged in, and a 175,000 "profit" became a 10,000 loss.

Still, the figures represent a sharp improvement on the previous year. And progress is likely to continue. The company's City adviser, Corporate Synergy, is looking for profits a little above 600,000 this year, with 940,000 likely next. If it is on target, the shares are cheap. Certainly one of the directors, Colin Davies, thinks they are worth picking up - he paid 8p a time to lift his interest to 4 per cent.

Access put through two acquisitions last year and I would not be surprised if more were clinched. It is a lean, mean tiddler with a head-office staff of just four and a capitalisation of less than 4m."

sounds encouraging for the future... Although disappointed with the SP since results I'll continue to hold...and maybe top up at these levels...

Good post from GHF :

You may be interested in "Shares" update on 16/3/06:-

"Access Intelligence (ACC:AIM) Finals PTP: -0.01m (-0.381m) Divi: n/a (n/a)
Those investors who dumped Access Intelligences shares on the day of
the results may not look so clever if the company can build on the
foundations laid in 2005, when it made two key acquisitions and
continued to build a subscription-based revenue model.
The York-based company pocketed Ridgeway and Due North for a
maximum 4.65 million last year and is already reaping the benefits. Due
North bagged its first private sector deal for its e-commerce package and
Ridgeway has been merged into ACCs existing data storage and recovery
arm, Backup and Running, opening up new client opportunities.
CEO Brendan Austin told Shares, Theres a strong compliance side to
companies data storage and retrieval fears and there are lots of external
factors that should drive growth for the foreseeable future.
Austin cites regulatory developments for banks, such as Basel II and
Sarbanes-Oxley, and the one to three-year duration of the companys
typical licences means it can now bank recurring revenues 2 million a
year, with the potential for more to come.
Further acquisitions may be on the cards but Austin pointed out, We
have a large recurring revenue base and, given the good gross margins
here, there is no reason why we will not pay out a dividend in time.

■ Shares says: The shares still lie below the 10p level at which
the company raised 3 million in November 2004 but those
recurring revenues mean patience could be rewarded.

Just received a tip-sheet recommending ACC - Target price for December 2006 14.5p

Just out from uk-analyst.com email 2nd/April/06 :

http://www.uk-analyst.com/ and http://www.ukmicrocap.com/default.asp


Buy Access Intelligence

Argues Newly launched UKMicrocap.com

The Investment Case: Access Intelligence has established a business which is profitable, cash generative and - having covered its central fixed costs - operationally geared. Two acquisitions have been made since the company floated on AIM and we believe that more are in the pipeline. If the cash on the balance sheet is deducted from the market capitalisation the company trades on a 2006 price earnings ratio of 7.6, falling to just 5.4 (despite an increased tax charge). The shares are far too lowly rated and are a buy.

Company Description: Based in York, Access Intelligence is building a portfolio of assets which provide businesses and local authorities with IT related services which are predominantly subscription based. The company listed on AIM in November 2003 and a year later raised 3 million pounds at 10p per share when its three operations provided marketing advice (The Marketing Guild), provided e-mail management for those seeking access to public sector press releases (Wired-Gov) and a disaster recovery service for small corporates (Backup and Running). Those old core businesses are profitable but not heavily so and were not - on their own- able to cover the group overhead. Hence in June 2005 Access purchased Ridgeway, a provider of specialist IT services for the backup and storage of data for 700,000 pounds. And in July it paid 1.5 million pounds to buy Due North which is a developer of e-commerce solutions primarily for local Government and for the emergency services.

These two acquisitions are both significant in terms of scale. Both businesses were profitable in the period prior to acquisition and of the 4.5 million pounds group sales forecast for the current financial year we expect 3.5 million pounds to have come from the acquisitions with 2.5 million pounds of that generated by Ridgeway.

Key Data

Spread: 6.5- 7.25p
Market Capitalisation: 4.4 million pounds
Net Cash Estimate: 600,000 pounds
Ticker: ACC
Contact: CEO Brendan Austin 01904 520840

Financials: Access published its results for the year to November 30th 2005 on March 8th. It should be remembered that the two large acquisitions made no contribution during the first half. Hence 2006 is likely to see a significant ramp up in sales and profitability thanks primarily to these acquisitions, albeit with net interest income likely to fall. The board confirmed on March 8th that Access is trading in line with market expectations and that means that it is also delivering some organic growth across all of its businesses. Our forecasts assume that Access makes no further acquisitions and thus continues to earn a modest interest income. In fact we consider that unlikely and expect that Access will make a number of acquisitions over the next two years using cash, debt and - when its own rating improves - its own equity as the currency.

The company did not pay tax in 2004 and paid only a modest sum in 2005. We expect the tax rate to be 20% in 2006 and from 2007 it to be a "normal" 30%. This rising tax rate serves to reduce the rate of stated earnings growth between 2004 and 2007. Our forecasts exclude goodwill amortization and the forecasts below are those of UKMicrocap.com and have not been approved by the company.

Management: Access was reversed into a cash shell and that explains the presence of serial corporate operator Jeremy Hamer on its board as chairman. However the key figure is CEO Brendan Austin - a capable and safe pair of hands. We have met with Austin on a number of occasions are reassured that he has a keen grasp on his business and has the vision to grow it via acquisition as well as organically but will not overpay for that growth.

Bull Points

*A strong and cautious management team, motivated to succeed by owning a 15% stake in the business. Finance director Colin Davies bought 200,000 additional shares after the final results..

* The company has net cash and is both profitable and cash generative.

* The company will grow its top line this year both as a result of organic growth and thanks to having a full contribution from the acquisitions of 2005

* The subscription based model means that a large portion of revenues are recurring

* Customers are in local government are recession resilient.

* With the corporate fixed overhead now covered, Access is operationally geared.


Bear Points

* The company is overly dependent on one senior manager Brendan Austin..

* The company operates from a number of sites which is not necessarily the most efficient way to cross market.

* Small business customers are not recession resilient.

Valuation and 1 Year Target: It is our belief that 2006 and 2007 will see a sharp uplift in sales as Access benefits from the acquisitions of 2005 and delivers some, modest, organic growth. We have not included assumptions about further acquisitions in our forecasts but expect them to happen and to enhance earnings (the Due North deal was 47% earnings enhancing). We believe that a business, demonstrating strong and consistent growth in the IT sector and which is cash generative merits a valuation of at least 12 times prospective earnings, plus net cash. We assume that during 2006 Access will generate cash an will end the year with net cash of c850,000 pounds of cash - worth 1.3p per share. On that basis our December 2006 target price is 14.5p.

Assessment: We believe that there is a share overhang in this stock caused by a number of charities given stock pre IPO wishing to sell. This is holding back the share price and masks the fact that Access is delivering on its chosen strategy, has a good visibility of earnings, is delivering impressive earnings growth and has a strong cash position. At 6.875p these shares should be bought at once

UKMicrocap was launched yesterday and is published by the six top tipsters working for t1ps.com Ltd. It covers only stocks valued at less than 6.66 million pounds. The membership of this site is restricted to just 200 members so that each subscriber has a realistic chance of accessing these most dynamic of small cap investments at, or close to, the tip price.

pp,

I spoke with Brendon Austin at Master Investor 2006 on Saturday and he has another acquisition lined up which he says is a perfect fit for the group as whole and is very complimentary to what they are doing. But of course a deal isn't a deal until signed and accepted by shareholders etc etc. But with the new Tip from the T1ps.com spin off UKMicrocap with the target of 14.5p (By Xmas in Tom Winnifrith's view) things are looking better. Hopefully the stock overhang caused by certain charities selling will quickly clear. Good luck to all.

Thanks SM.

L2 now 3 v 1 8/9