Vincent Isaacs (pictured), Executive Chairman of Touch Group plc, an AIM quoted Company on the London Stock Exchange last week (24 June) informed the AGM audience in London of the range of new initiatives launched in 2009. These include a £250,000 contract with a major global pharmaceutical company, online content partnerships with journals, clinics and medical organisations, and the launch of the British Journal of Medicines Procurement. Isaacs also highlighted a reduction in trade losses by 50% in two years as evidence that the ambitious programme is bearing fruit.
Vincent Isaacs said: “Over the past two years we have been investing heavily in the business and in 2008, I’m proud to say that despite the difficult economic conditions, we managed to reduce our losses significantly. 2009 is looking like another good year with sales maintained across the business and continued focus on profitability.”
Touch also reports that sales from the new Medical Communications unit in 2009 are ahead of the budget forecast, and is on schedule to deliver £1m in its first full year as a fully resourced business unit.
Vincent Isaacs continued: "While the storm of the global financial chaos rages around us, we continue to work hard to grow our core business, while further expanding launching new initiatives such as the Touch Briefings Energy Awards for students, a subscription rate on our clinical publications, the online content partnership with The Mayo Clinic, The Cleveland Clinic Journal and Cambridge University Press and the launch of our first British Journal, the British Journal of Medicines Procurement.”
About Touch Group plc
Touch says: “Touch Group plc is an international business-to-business publisher providing cutting-edge information that specialises in meeting the needs and requirements of the pharmaceutical and medical communities in both digital media and print. The company also focuses on the energy industry, covering oil and gas exploration and production and renewable energy, in both America and Europe.”
