marbles456
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Looks a great buy
Results due out any day and my hunch is that the price will rocket
DYOR and see below
Outlook
The directors see a very positive outlook for the Company as they can see the Group reaching profitability by the end of 2004 and good prospects for a profitable 2005 taking account of business prospects currently open to it. They expect that the management team will deliver additional opportunities for the remainder of 2004 and 2005.
ABS acquisition completed this week by Aquilo plc
2nd Febuary 2005
ABS, one of the UK’s largest collision repair networks, has now been acquired by the insurance claims management group Aquilo plc.
The purchase was formally completed on 31 January at an EGM of Aquilo shareholders. On January 26, Aquilo's offer for the repairer network had closed with acceptance by holders of 97.8 per cent of ABS shares.
The new organisation created by the purchase is thought to be unique in the motor and insurance industries, with the ability to handle outsourced claims management and vehicle repair, or any element of the processes involved, completely in-house.
Clive Nicholls, Chief Executive of Aquilo plc, said: "The experience and expertise of all our 240 repairers will be a crucial element in the future of the company and we intend to build into our new structure a number of ways to ensure that their views can be clearly heard and their questions answered."
Alan Hodgkinson becomes the Managing Director of Aquilo’s motor services business, of which ABS is the key component. Under the new structure, Alan Hodgkinson and Derek Swann, formerly ABS Chairman, become members of the Aquilo plc board. No redundancies are expected at ABS as part of the acquisition.
Application having been made for 321,750,207 Aquilo ordinary shares to be admitted to trading on AIM, admission was expected on 1 February 2005.
RNS Number:3153H Aquilo PLC 12 January 2005
AQUILO PLC
GROWTH PLANS FOR PROPERTY CLAIMS SERVICE
Following the appointment of Mike Dean as Managing Director of its Property Claims Division, Aquilo Plc ("Aquilo" or "the Company"), is looking to achieve rapid growth in 2005.
Clive Nicholls, CEO of Aquilo said: "We are therefore pleased to announce the launch of Re-Zolve. This product offers an innovative solution to claims screening that identifies the level of risk in a claim and provides a proportionate response. It recognises that the vast majority of claims are genuine and require a fast and effective response. So, where the risk of fraud is low and the claim warrants payment, Re-Zolve provides the ability to validate quantum and arrange a prompt settlement using Aquilo's own suppliers or the insurers preferred supply chain.
Whilst most claims are genuine, opportunist fraud remains a major problem to the insurance industry and with Re-Zolve we seek to resist those claims and persuade the policyholder to withdraw the claim. Where there is exaggeration or other fraud risks are present in the claim, a probing desktop investigation is undertaken using a structured conversation and behavioural assessment.
Pilots of this service have demonstrated that substantial savings can be made by taking a pro-active approach to genuine or exaggerated claims and by discouraging opportunist fraud. These indemnity savings have been in excess of 30% on household accidental loss and damage claims and 25% on Motor Theft claims.
Some of these techniques are well-established but we believe there are additional skills needed to provide a complete response. These skills include data matching systems that help with the identification of high risk claims, independent verification and validation of the property as part of the screening process and the ability to provide an end-to-end response by partnering with the insurer, their suppliers or our own in-house fulfilment services. Our product draws together all of these elements to offer a balanced response and to provide insurers with a flexible service that they can tailor to meet their needs."
E N D S
For further information please contact:
RNS Number:3628H Aquilo PLC 14 January 2005
AQUILO PLC
NEW OFFICE
Aquilo Plc ("Aquilo" or "the Company") is pleased to announce the opening of its new office in Brighton. This office will form the hub for offering its Property Claims Services including its new Re-Zolve product and has already built a highly experienced core team to provide that service.
NEW CONTRACT
Aquilo plc is pleased to announce that it has signed a contract with the National Federation of Newsagents Mutual for the provision of Aquilo's Re-Zolve claims solution for high risk claims. The Re-Zolve service provides a probing desktop investigation undertaken using structured conversation and behavioural assessment. The outcome of this service is that opportunistic or exaggerated claims are regularly withdrawn or moderated.
NFRN Mutual is managed by Charles Taylor plc. Aquilo already provides Charles Taylor with risk modelling and advisory services for a number of mutuals they manage. Aquilo is pleased to be extending the relationship with this new order and also to be extending the use of Re-Zolve into the SME sector.
E N D S
For further information please contact:
RNS Number:2044I Aquilo PLC 03 February 2005
AQUILO PLC
3 February 2005
Board Change
The Company announces that Mr Ross Hyett, a non executive director of the Company, has resigned from the board with immediate effect.
Given the successful acquisition of ABS Bodyshop Services Limited announced on January 31 and the consequential and proposed enlargement of the Board, Ross has decided it is in the best interests of maintaining a manageable board size if he steps down. Ross has been with Ecom Group Ltd, which merged with Accidentcare to form Aquilo Plc, since its inception and his business acumen and light touch have been highly valued. His good humour and support will be much missed by his fellow directors.
ENDS
RNS Number:8329I Aquilo PLC 21 February 2005
AQUILO PLC ("the Company")
Holding in Company
The Company has received notification stating that following the recent issue of shares, the Singer & Friedlander AIM 3 Venture Capital Trusts holding of 32,883,729 ordinary shares now represents 10.22% of the issued share capital.
ENDS
RNS Number:9490I Aquilo PLC 23 February 2005
AQUILO PLC
RESTRUCTURING PLANS FOLLOWING ABS TAKEOVER
Aquilo announces that, in line with its plans following the successful acquisition of ABS Bodyshop Services Limited, it will be closing its London operation in Colindale with effect from 31st March 2005.
All motor claims related activities will be relocated to the former ABS Head Office at Northwich, Cheshire and property claims activities to Brighton, Sussex. It will be seeking to sub-let its Colindale premises.
This action is a key element of the restructuring and cost reduction programme. Aquilo understands the impact of this closure on its London staff and is providing professional HR assistance to work with the staff. It is also hopeful that a number of staff will relocate to assist continuity for its customers.
Aquilo is confident that the enhanced premises and IT resources available at Northwich will enable it to improve the range and depth of its services to its customers.
ENDS
Results due out any day and my hunch is that the price will rocket
DYOR and see below
Outlook
The directors see a very positive outlook for the Company as they can see the Group reaching profitability by the end of 2004 and good prospects for a profitable 2005 taking account of business prospects currently open to it. They expect that the management team will deliver additional opportunities for the remainder of 2004 and 2005.
ABS acquisition completed this week by Aquilo plc
2nd Febuary 2005
ABS, one of the UK’s largest collision repair networks, has now been acquired by the insurance claims management group Aquilo plc.
The purchase was formally completed on 31 January at an EGM of Aquilo shareholders. On January 26, Aquilo's offer for the repairer network had closed with acceptance by holders of 97.8 per cent of ABS shares.
The new organisation created by the purchase is thought to be unique in the motor and insurance industries, with the ability to handle outsourced claims management and vehicle repair, or any element of the processes involved, completely in-house.
Clive Nicholls, Chief Executive of Aquilo plc, said: "The experience and expertise of all our 240 repairers will be a crucial element in the future of the company and we intend to build into our new structure a number of ways to ensure that their views can be clearly heard and their questions answered."
Alan Hodgkinson becomes the Managing Director of Aquilo’s motor services business, of which ABS is the key component. Under the new structure, Alan Hodgkinson and Derek Swann, formerly ABS Chairman, become members of the Aquilo plc board. No redundancies are expected at ABS as part of the acquisition.
Application having been made for 321,750,207 Aquilo ordinary shares to be admitted to trading on AIM, admission was expected on 1 February 2005.
RNS Number:3153H Aquilo PLC 12 January 2005
AQUILO PLC
GROWTH PLANS FOR PROPERTY CLAIMS SERVICE
Following the appointment of Mike Dean as Managing Director of its Property Claims Division, Aquilo Plc ("Aquilo" or "the Company"), is looking to achieve rapid growth in 2005.
Clive Nicholls, CEO of Aquilo said: "We are therefore pleased to announce the launch of Re-Zolve. This product offers an innovative solution to claims screening that identifies the level of risk in a claim and provides a proportionate response. It recognises that the vast majority of claims are genuine and require a fast and effective response. So, where the risk of fraud is low and the claim warrants payment, Re-Zolve provides the ability to validate quantum and arrange a prompt settlement using Aquilo's own suppliers or the insurers preferred supply chain.
Whilst most claims are genuine, opportunist fraud remains a major problem to the insurance industry and with Re-Zolve we seek to resist those claims and persuade the policyholder to withdraw the claim. Where there is exaggeration or other fraud risks are present in the claim, a probing desktop investigation is undertaken using a structured conversation and behavioural assessment.
Pilots of this service have demonstrated that substantial savings can be made by taking a pro-active approach to genuine or exaggerated claims and by discouraging opportunist fraud. These indemnity savings have been in excess of 30% on household accidental loss and damage claims and 25% on Motor Theft claims.
Some of these techniques are well-established but we believe there are additional skills needed to provide a complete response. These skills include data matching systems that help with the identification of high risk claims, independent verification and validation of the property as part of the screening process and the ability to provide an end-to-end response by partnering with the insurer, their suppliers or our own in-house fulfilment services. Our product draws together all of these elements to offer a balanced response and to provide insurers with a flexible service that they can tailor to meet their needs."
E N D S
For further information please contact:
RNS Number:3628H Aquilo PLC 14 January 2005
AQUILO PLC
NEW OFFICE
Aquilo Plc ("Aquilo" or "the Company") is pleased to announce the opening of its new office in Brighton. This office will form the hub for offering its Property Claims Services including its new Re-Zolve product and has already built a highly experienced core team to provide that service.
NEW CONTRACT
Aquilo plc is pleased to announce that it has signed a contract with the National Federation of Newsagents Mutual for the provision of Aquilo's Re-Zolve claims solution for high risk claims. The Re-Zolve service provides a probing desktop investigation undertaken using structured conversation and behavioural assessment. The outcome of this service is that opportunistic or exaggerated claims are regularly withdrawn or moderated.
NFRN Mutual is managed by Charles Taylor plc. Aquilo already provides Charles Taylor with risk modelling and advisory services for a number of mutuals they manage. Aquilo is pleased to be extending the relationship with this new order and also to be extending the use of Re-Zolve into the SME sector.
E N D S
For further information please contact:
RNS Number:2044I Aquilo PLC 03 February 2005
AQUILO PLC
3 February 2005
Board Change
The Company announces that Mr Ross Hyett, a non executive director of the Company, has resigned from the board with immediate effect.
Given the successful acquisition of ABS Bodyshop Services Limited announced on January 31 and the consequential and proposed enlargement of the Board, Ross has decided it is in the best interests of maintaining a manageable board size if he steps down. Ross has been with Ecom Group Ltd, which merged with Accidentcare to form Aquilo Plc, since its inception and his business acumen and light touch have been highly valued. His good humour and support will be much missed by his fellow directors.
ENDS
RNS Number:8329I Aquilo PLC 21 February 2005
AQUILO PLC ("the Company")
Holding in Company
The Company has received notification stating that following the recent issue of shares, the Singer & Friedlander AIM 3 Venture Capital Trusts holding of 32,883,729 ordinary shares now represents 10.22% of the issued share capital.
ENDS
RNS Number:9490I Aquilo PLC 23 February 2005
AQUILO PLC
RESTRUCTURING PLANS FOLLOWING ABS TAKEOVER
Aquilo announces that, in line with its plans following the successful acquisition of ABS Bodyshop Services Limited, it will be closing its London operation in Colindale with effect from 31st March 2005.
All motor claims related activities will be relocated to the former ABS Head Office at Northwich, Cheshire and property claims activities to Brighton, Sussex. It will be seeking to sub-let its Colindale premises.
This action is a key element of the restructuring and cost reduction programme. Aquilo understands the impact of this closure on its London staff and is providing professional HR assistance to work with the staff. It is also hopeful that a number of staff will relocate to assist continuity for its customers.
Aquilo is confident that the enhanced premises and IT resources available at Northwich will enable it to improve the range and depth of its services to its customers.
ENDS
