Eagle Eye's first set of trading figures following its reversal into New Capital Invest last November predominantly reflect that company's administrative overheads. The full year figures to 30 November cover just one month's trading by Eagle Eye. A turnover of £231,000 was posted with pre-tax losses coming in at £184,000. The acquisition of Eagle Eye incurred an operating loss of £70,000. In December the company secured a distribution agreement with JCCS, an IT company in the Middle East, for its Eagle Eye AVL security system. It also revealed a joint marketing agreement between Corbuss, a subsidiary of Turkey's leading telecommunications company Turkcell, and Celltrack, Eagle Eye's distributor in Turkey. Turkcell will provide joint marketing and support to the Eagle Eye telematics product. Board members commented that sales and trials are going 'extremely well', with firm orders in hand for 700 units at the end of January. Although today's figures were 'in line with expectations', the board will have to fight to get a foothold in what looks like an already overcrowded market.

Eagle-i Holdings	AIM	£11.43m	3.50p	0.00p
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