Forbidden Technologies plc
Since the interim results announced by Forbidden Technologies (“Forbidden”; AIM:FBT) on 30 September 2008, Forbidden’s financial outlook has materially improved.
Forbidden’s FORscene web-based video post-production service has gained new customers in the broadcast television industry. The efficiency improvements from its web-based workflows are proving attractive.
To complement this, custom from websites requiring professional quality video content has continued to grow from a base level of around £10,000 in 2007, with sales expected to increase by a multiple in each of the years 2008 and 2009.
Combining all sectors, Forbidden already has visibility for year-on-year sales growth of around 40% in 2008 and a further 100% in 2009.
Forbidden Technologies plc (020 8879 7245)
Stephen Streater (Chief Executive Officer)
Brewin Dolphin (0845 213 4212)