StockMarketWire.com - accesso Technology Group posts a pre-tax profit of $7.2m for the year to the end of December - 41.2% up on last time.

Revenues were 24.1% higher at $93.2m and adjusted EBITDA rose by 38,.2% to $15.2m.

Chief executive Tom Burnet said: "2015 was another strong year for accesso, across every part of our business. We have devoted considerable time, investment and technical attention to our product suite over the past twelve months. The rewards of those efforts are now starting to show through financially, operationally and in the quality of conversation we are able to have with our customers. It gives me huge pleasure that those conversations have led to 92 new accounts comprising between them over 200 new venues being added to our customer base during the year.

"The clearest signal of our progress lies not in the numbers, and not even in the many achievements of the year in review. Rather, I would urge people to look at the significant, long-term trust that both Merlin and Six Flags have placed in us over the last six months. To select a partner for one year, even two is a big step to take. To select a partner for seven or even ten years, however, is quite a vote of confidence in our technology and our team - and it is this which underpins my confidence in 2016 and the years ahead of us."

accesso also announced that Leonard Sim, who developed and prototyped the group's first queuing solution in 1998 and who subsequently founded Lo-Q in 2000, has retired from the board with immediate effect.

The group said: "Leonard has made an outstanding contribution to our business - not just over this year, but since the group's very first days of operation. He steps down from the board today, but will remain with the group as an employee as we move forward with our growth plans. All of us at today's strong, successful and global accesso owe Leonard a significant debt of gratitude: not just for his original 'bright idea', but for the energy and passion with which he has pushed that idea forward. The board of directors has no immediate plans to recruit a replacement, but will keep the situation under review."




At 9:36am: [LON:ACSO] Accesso Technology Group share price was +35p at 992.5p



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