FMJ Formjet (See LSE:TQC)

RNS Number:7588P
Formjet PLC
11 March 2008



                                  FORMJET PLC



                   ("FORMJET" OR "THE COMPANY"OR "THE GROUP")

                                   (AIM: FMJ)


                                  BOARD CHANGES


The Board of Formjet, the Aim listed alternative software vendor, is pleased to
announce the appointment of David Hennell as Group Sales and Development
Director.



David joined the Company's Main Board as Group Development Director in October
2007. He has since focused on creating new routes to market for Formjet's
growing product range, which includes Panda Security, Ability, Edalive and
Diamond Discovery Software and the recently acquired Atlas Business Software
range.



In tandem with Formjet's growing product range, David's focus will be on
strengthening the Group's brand awareness. As part of this process, all product
and sales personnel will report directly to David.



The Company also announces that Simon Hallworth is stepping down from the Main
Board.



Lyndon Chapman Executive Chairman of Formjet said: "We are delighted with the
impact that David has had since joining the Company and look forward to
benefiting further from his strong experience in the sector. We would also like
to thank Simon for his contribution to the Company over the last few years."





ENQUIRIES:



Formjet Plc                               Tel: 01293 848 860
Lyndon Chapman, Executive Chairman
Tony Lee, Chief Executive
www.formjetplc.com



Blue Oar Securities Plc                   Tel: 0207 448 4400
Romil Patel/Rhod Cruwys
www.blueoarsecurities.co.uk


Bishopsgate Communications Ltd            Tel: 0207 562 3350
Maxine Barnes
Nick Rome
www.bishopsgatecommunications.com


Notes to Editors:



Formjet Plc



Formjet Plc is a UK-based company with a highly distinctive business model. It
acquires territorial rights to 'alternative' software products, and markets,
sells, distributes and supports these products in place of the vendor in
worldwide markets. The strategy has at its heart the proposition that the
Company can acquire product lines in territories of at least one country without
the expense of either product development or the creation of IPR. The Formjet
Group currently has three focussed strategies:





Alternative Products

*   Panda Software (UK) distributes Panda Software antivirus and security
    products in the UK. With its high margins and recurring annual renewal 
    revenues, Panda is a major contributor to the Group's sales and 
    profitability.

*   Ability Software International distributes a powerful suite of office
    products. The Ability products form an integral part of the white label
    opportunities that Formjet is creating. The Tesco Complete Office and Photo
    Restyle products are amongst the best selling of their range

*   Diamond Discovery Software is a new accountancy range designed to grow
    with its end user. The range complements Formjet's Panda and Ability software
    offerings and will be sold under the Diamond Discovery Prelude and Formjet
    Accounts brands.

*   EdAlive edutainment software will open up a new and growing market for 
    Formjet and will cover a range of subjects including maths, word skills and 
    spelling



Alternative Routes to Market

*   Formjet Innovations is the specialist distribution arm of the Formjet
    Group focusing on its alternative product range and associated alternative
    routes to market.  The focus here is on creating "white label" software,
    targeting retail and brand leaders.



Research & Expansion

*   The focus here is on targeting new product ranges and potential
    acquisitions as Formjet builds on recent business wins with Tesco, Dell,
    Woolworths and Jungle247. With the ongoing opportunities of launching new
    alternative products, and the need to expand/refresh the current products,
    research and expansion will play an important role in developing the business.
















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