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22 January 07 - Croma Group secures new sales contracts


AIM-listed surveillance and security specialist Croma Group have announced new sales contracts secured this month exceeding £1m in value, with clients ranging from the MoD to Homebase plc.

The Board of Croma, the AIM-listed surveillance, security, and homeland defence specialist, was today pleased to announce significant new business wins for the month of January 2007.

A total of £1,105,000 had been secured since a trading update on 15 January reported an increase in turnover of 185.8% for the six months to December 2006.

Deals include contracts for the provision of services by Croma Vigilant (see news story of 6th April 2006) in relation to asset protection and security in the commercial, industrial and public utilities markets, with the Ministry of Defence, Homebase plc, and a Scottish Local Authority.

Meanwhile Croma Shawley has secured orders from Kuwait, Israel, and a UK Local Authority, and Croma Biometrics, developers of biometric access systems, has won a trial contract with Oxleas NHS Trust.

Unsurprisingly, Croma's Board expects these contract wins to have a positive impact on the Group's overall trading during the latter part of the current financial year.   John French, Chairman and Chief Executive of Croma, commented:  "The Board is delighted to be reporting today's news so soon after the Company's January Trading Update, and is pleased with these new contracts and the continued success of Croma Vigilant and its contribution to the Group as a whole.

"The Management team at Croma Vigilant has created a standard of service for its customers reflecting the highest levels of integrity and discipline much of which comes from the fact that the majority of our operatives are sourced directly from the Armed Forces.

"The new business for our CCTV and biometric operations are the result of fresh impetus into our sales and marketing programme".

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