Ultrasis, a provider of cognitive behavioral therapy for stress and mild to moderate depression, has entered into a research partnership with the Mental Health Services Department of West China Hospital to examine the benefits of using 'Beating the Blues' to alleviate mild and moderate depression and anxiety within the Chinese population and identifying any cultural adaptation required to develop a Chinese-specific version of the program for the Chinese market. The initial research phase will be completed within 12 months.
HaloSource, the clean water technology company, has reported "solid progress" during the first half of 2012, generating six-month revenue of $5.8m, an increase of 7.0% compared to the same period the previous year. In particular significant gains were seen in its two main growth divisions, drinking water and environmental water, following improving results since the implementation of its new strategic plan. Water Clarification revenues rose 8.0% to $4.9m, while Water Purification revenues leapt 41% to $0.7. However, Antimicrobial Coatings revenue was $0.2m, down 53% from 2011. Cash levels at the end of the period were $8.0m.
Imagelinx, which puts companies' logos onto printed packaging, lost a third of its share price on Wednesday after admitting that its revenue in May and June 2012 has seen a "sudden and marked deterioration", which the firm blamed on the current economic uncertainty in Europe. Revenue was below the levels seen in the first four months of the year, which were ahead of budget, but the company emphasised that earlier cost realignment work has gone "a long way to mitigating the impact of these low trading levels" and said the group has been able to reduce its costs further. "While we expect to see a recovery in turnover this is unlikely to be before the end of the third quarter of 2012," the firm said. However, "a modest recovery in turnover should return the group to profitability".
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Charlemange Capital, an independent asset management group, posted a 2.2% decline over six months in group assets under management (AuM) at $2.3m, as at June 30th, while net management fees fell 7.6% to $9.7m on the previous six months ($10.5m). However, the group remains well-capitalised with a strong balance sheet. The company attributed the declines to a softening of emerging markets during the latter two thirds of the half year period, but said it had continued to improve operational efficiency and to take action on costs.
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dotDigital Group, which provides Software as a Service (SaaS) is "extremely pleased" with its performance during the year ended June 30th and now anticipates that full-year revenues and pre-tax operating profits before IFRS 3 adjustments will be in line with market forecasts. The firm attributed its performance to continued strong new business sales and growth in recurring monthly revenues from existing clients. Revenues are set to be 32% higher than in the previous year. Cash at the year-end was around £4.0m. The Agency Services & Search saw growth of 16% while the SaaS Email Marketing Revenues & Email Managed Service grew 36%.
Nexus Management, a provider of specialist IT Managed Services, has sold Resilience Technology, a Delaware corporation and wholly owned subsidiary, to RTC Management, earning Nexus £0.5m from the transaction. In addition RTC has assumed third party net liabilities totalling approximately £0.85m. The sale is the result of a strategic review which found that a management buyout by the current management team of Resilience offered the best value. The disposal will enable the company to concentrate on its US and UK IT managed services businesses.
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