CWV Cms Webview

RNS Number:8209K
CMS WebView PLC
08 April 2005



Restoration of Shares and Trading Update



Further to the RNS announcement on 10 March 2005 regarding initial talks
relating to a potential significant acquisition, the Board of CMS WebView plc 
("CMS" or "the Company") confirms these discussions have now been discontinued 
and CMS has requested the immediate restoration of trading in its shares.



The Board felt that the structure of the deal and potential benefits would not
be in the best interests of CMS shareholders at this point in time, when
factoring in current opportunities for CMS to strengthen its position by
ensuring key business is secured in 2005.



Strategic Review



On 29 November 2004, CMS announced it was embarking on a Strategic Review after
a shortfall in anticipated new sales of its proprietary TDI modular software
system.



CMS Directors have now completed the Review, which included all aspects of the
business, including the sales and marketing strategy, overseas operations,
central administration and the continuing development of the core technology.



The Directors were of the view that in the absence of guaranteed significant new
TDI orders it was necessary to maintain the Company's positive cash position by
cutting costs in areas that would not compromise service to existing clients or
damage the prospects of winning new business.



One of the largest cost savings has been achieved by closing the US offices in
Chicago and New York, and by the regrettable redundancies of all US office
staff.  At the same time, the UK headcount has now been reduced through a
combination of redundancies and by not replacing non-core personnel after
natural wastage.  Moreover, CMS has successfully renegotiated contracts with a
number of its suppliers and advisers on more favourable financial terms, and has
consolidated its operation regarding UK premises.



As a result of the Q4 2004 and Q1 2005 cost cutting measures, the Company has
reduced estimated losses for 2005 by around 50%, based on the conservative view
of CMS securing no additional TDI or data feed orders this year.  Further cost
savings during the year will also be implemented.



New Contract and New Business Strategy



CMS is delighted to announce that a key Exchange client is placing a new order
for significant enhancements to the TDI system as part of the Exchange's
changing business requirements, which will be delivered by the end of May 2005.



With the new contract in place, and still assuming the conservative stance that
there will be no further new orders of significance for TDI in 2005, losses for
the year are expected to be approximately #550,000, leaving cash reserves of
around #700,000 at the year end.



In terms of new business development, CMS is focusing strongly on a revised
sales campaign over the next three months.  As part of the campaign, it will be
primarily targeting prospects that arose from the 2004 and Q1 2005 marketing
effort to exchanges, banks, and financial data/system suppliers. Specific focus
is being placed on those prospects that could lead to additional revenues but
will incur only minimal development costs and associated overheads.



Enquiries, please contact:



Bob Antell                                               Neil Boom
Chief Executive                                          Managing Director
CMS WebView plc                                          Gresham PR Ltd
020 7744 7722                                            020 7404 9000


Justin Lewis
Chief Executive
Corporate Synergy Plc
020 7626 2244




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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