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Barr Ellison Solicitors – commercial property
1 November, 2006 - 17:22 By Staff Reporter

Phone-in quizzes drive growth at Eckoh

Phone-in TV quizzes may have attracted controversy recently, but they are driving some breakneck growth at the Hemel Hempstead based Eckoh Technologies, which provides the technology platform for channels such as ITV Play.Phone-in TV quizzes may have attracted controversy recently, but they are driving some breakneck growth at the Hemel Hempstead based Eckoh Technologies, which provides the technology platform for channels such as ITV Play.

Eckoh chairman Paul Reynolds told the AGM that the company was “trading comfortably ahead of market expectations.”

Reynolds said: “During the year, our successful Speech Solutions business merged with IVR Client Services under the Eckoh brand. This operation generated combined revenues in excess of £50m last year.

“However, following the renewal of the ITV and BT contracts, and the recent launch of a number of new and exciting “participation TV” channels – including ITV Play – we expect revenues to be significantly higher next year.”

The company said that it: “Continues to believe that Eckoh’s share price does not fully reflect the value of the group’s constituent businesses and assets, and as such remains committed to pursue a strategy to unlock value for Eckoh shareholders.”

As part of this strategy, it sold off Symphony Telecom earlier in the summer, placing the proceeds on deposit.

The company believes that it will not need all of the proceeds from the sale of Symphony to satisfy current operations and said it was therefore considering how to best utilise its additional cash resources.

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