@U.K. PLC announced that it is moving into a cash generative position despite a timing delay in the recognition of approximately GBP 1 million of revenue for contracts both ongoing and won. This revenue is now expected to be recognized in the first quarter of 2013. As a result of these timing factors, an increased investment in UK and international sales activities, and a decrease in the non-core Company Formations part of the business, results for the year ending December 31, 2012 will be materially below market expectations and slightly below those reported for the year ended December 31, 2011.

The Board stresses that this is not lost revenue, rather revenue that has been marginally delayed and therefore falling into the subsequent year.