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GB reports soaring sales for identity verification products

In its annual report to shareholders at the start of June, GB reported that sales in its DataAuthentication business area had more than doubled on 2006-07 to reach £4.8 million.

Further highlights included:

• Group revenue increased by 16% to £15 million (2006: £12.8 million)
• DataAuthentication has increased its customer base to 174 as at 31 May 2007 from 101 at 31 March 2006
• Group has invested over £1 million in new technology and infrastructure to provide a platform for future growth
• DataIntegrity has launched online web-based delivery solutions and has successfully displaced competing products and services
• International ID verification service launched during the year. DataAuthentication’s solutions are now able to confirm a person’s identity electronically, within seconds, in 26 countries covering a combined population of some 800 million individuals
• Cash balances at 31 March 2007 were £5.2 million

Click here to read more about GB or to download a copy of the Annual Report for 06-07