PROVENTEC : Unaudited Interim Results

("OspreyFrank" or the "Group")

OspreyFrank plc (Alternext:ALOSP), the provider of specialist steam cleaning technologies has released its unaudited results for the six months to 31 March 2014.

 Small increases in turnover and gross margin compared with the corresponding period

 Further reduction in administrative costs

 Results ahead of budget

 Forward order book at record levels

 Contracts signed confirming sales of €1 million in the next financial year

 Thomas Stuecken appointed chief executive

Frank Verell, Chairman of OspreyFrank plc, commented:

"The first six month's of the new financial year have shown that your board is moving your

Company in the right direction.
The re-organisation has been completed and we are in the process of closing the investment round but there is still some work to do on this.
The results for the first six months, although producing a loss of £189,000 are better than budget and the second six months have begun well with above budget sales in the third quarter to 30 June.
The forward order books in both trading companies are at the highest levels for the last six years and there is a new confidence in the employees as prospects continue to lead to new business."

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