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Finzsoft Financial Results Preliminary Announcement April 02, 2009

Finzsoft Solutions Ltd (FIN) advises that it anticipates announcing a net loss after tax in the vicinity of $750k for the financial year ending 31st March 2009.

This compares with an after tax loss of $330k for the previous year.

Finzsoft advises that the difficult trading conditions in the Banking and Finance sector has had a flow on effect on the company, although more recent trends provide greater confidence for the forthcoming year.

During the year Finzsoft has invested in diversifying its income stream, the costs of which have impacted this years financial performance.

Finzsoft has cash reserves and forecasts are for this to continue.

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