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Wynyard Group delivers on 2013 revenue forecast

Wynyard Group delivers on 2013 revenue forecast

AUCKLAND, 13 January 2014 – Wynyard Group (NZX:WYN), a leading provider of critical threat assessment and advanced crime analytics software, announced today it has delivered on its 2013 revenue target. Wynyard Group completed an initial public offering (IPO) and floated on the New Zealand Stock Exchange on 19 July 2013.

“Our IPO prospective financial information forecast $21.5 million revenue in the year to 31 December 2013. Our unaudited results indicate we will meet that target and will report more than 62% revenue growth in the 2013 year.

“We are starting the new year in good shape. The number of new opportunities materially increased in the fourth quarter of 2013 and we took steps in November to build capacity to qualify and service this increased demand,” said Wynyard Group Managing Director Craig Richardson.

Wynyard Group’s prospective financial information forecast $27 million revenue in the year to 31 December 2014. The Wynyard board will continue to review the 2014 and 2015 business plan and targets through the first quarter of this year.

The company’s 2013 full year results are due to be announced on Monday 24 February and its annual report will be available to shareholders by the end of March.

ENDS

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