SurfControl buoyed by increased revenues

Internet filtering company - SurfControl - has issued an upbeat trading statement amid rising revenues for Q4 and the year ended 30 June.

The company has reported strong demand for its Internet filtering software exceeding their own growth predictions.

Steve Purdham, CEO, said: "We are pleased to announce that revenues for our fourth quarter and year ended June 2001, based on unaudited management information, are expected to be ahead of market expectations.

"Going forward, due to the nature of our business model, our visibility and repeatability continues to improve, our cash position remains strong and, as stated in our third quarter results announcement, we remain on course to achieve positive cash flow from our operations in the fourth quarter of the financial year ended 30 June 2002," he said.

Shares in the company rose 25 pence (9 per cent) to 310 pence by lunchtime on the strength of today's news.

Yesterday, the Privacy Foundation warned that 27 million workers around the world were being snooped on by their bosses. ®