Final Results For the year ended 28 February 2008

The board of Adwalker, the AIM listed specialist in digital media solutions, is pleased to announce its final results for the year ended 28 February 2008.

The Adwalker interactive media platform, Adwalker’s primary source of revenue generation, is an advertising and media platform which is worn by its operators (’Adwalkers') as a compact body pack incorporating a LCD screen, wearable computer, touch screen and printer, enabling services and applications which include brand advertising, point-of-sale, games & competitions and data capture.

Highlights

• Turnover for the year up 11 per cent. to €1,770,195 (2007: €1,599,645);

• Award of €250,000 Research & Development grant;

• Global Reseller strategy adds partners in Turkey, Macau, Trinidad & Tobago, Northern Ireland, Brazil, Bermuda, Australia, New Zealand and Holland;

• Lease Hire strategy in key operating territories of UK, USA and Ireland increases gross profit margin to 47 per cent. (2007: 28 per cent.)

• Placings during the period raised £1,680,000, before expenses;

• Negotiations continue for Interactive Digital Screen Network with Global FMCG Group;

• An additional three groups across Ireland and the USA are at various stages of negotiation for Interactive Digital Screen Networks; and

• Value of contracts and commitments in the first six months of the current fiscal year up by 13 per cent. compared with the revenue achieved in the financial year ended 28 February 2008.

Commenting on today’s results Adwalker’s Chairman, Padraic O’Connor, said:

“I am pleased to report the annual results for the year ended 28 February 2008, the third set of annual results since the company’s shares were admitted to trading on AIM in August 2005. It has been another year of growth for the company that has produced its strongest set of results to date. The Board is encouraged by the progress made in the year and since the year-end.”

Click HERE to download the full 2008 Annual Report