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This information is provided in compliance with AIM Rule 26
History - Financial Snapshot
On May 5, 2006, Atelis plc, (AIM: ATEL) raised £1 million through the sale of 5,000,000 new ordinary shares at the placing price of 20p per share on London's AIM exchange, representing 20% of the enlarged issued share capital of the Group. At this price, Atelis' market value was approximately £5 million. The Placing was well received by institutional investors and was oversubscribed. Proceeds of the Placing are being used to finance the next stage of the company's development and growth, including funding ongoing R&D, product development and the expansion of the Atelis network of resellers and distributors.
Business Model Overview
Atelis' business model has four distinct projected revenue streams:
- Solutions, whereby the Company offers a service branded for and marketed by the reseller to its customers that runs on a generic Intel server
- Revenue-share on external call traffic generated by customers of the resellers
- Subscriptions paid by the customer to the reseller for broadband telephony
- Ongoing support and maintenance, charged to the customer at approximately 12 percent of the price of the initial installation.
Atelis will typically share part of the revenue generated from the distinct income streams mentioned above with its resellers. Atelis currently operates in the UK and in Israel, where its development team is based. The Company's products are distributed through a network of telecoms and IT systems resellers.
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