Small cap round up: RiIG, JSJS Design, Phorm Inc

Also includes: Scancell Holdings, Parallel Media

Claims management provider RiIG said it had secured a contract with a bank to help it administer payouts following the payment protection insurance scandal. The firm said initial indications were the deal would bring in over £750,000 in turnover during the second half of 2012. "There is potential that similar contracts could follow in 2013 and the Group is in early stage discussions with a second leading bank with the view to providing a similar service for PPI claims," it added. Investors pushed RiIG's share price up 11% following the announcement.

JSJS Design rose 6% after it announced a deal to sell its LightwaveRF home automation products through trade retailer Screwfix's website. "In the last nine months we have signed agreements with B&Q, Maplin, City Electrical Factors, QVC to sell our innovative product range," said Chairman Mike Lord.

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