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By | Kelly Fiveash 27th March 2007 10:09

RM satisfied by performance

Meets expectations

RM PLC has said it is on course to hit its trading expectation for the six month financial period ending 31 March.

The UK-based firm, which provides educational products to schools, universities and colleges, said "it is not yet clear" what the suspension of the BBC's free online education service, BBC Jam, will mean for the business.

BBC Jam, which launched in 2006, was suspended on 20 March by the newly created regulator BBC Trust after complaints from commercial providers. RM's 3T unit had been a sub-contractor for the service.

RM CEO Tim Pearson said the company was performing well and had recently won three new projects in Knowsley, Leeds, and Lambeth.

RM has also been selected for the C2K Lot 6 contract, extending its Community Connect software to all schools in Northern Ireland.

Pearson said: "Increasingly our education projects, as well as other products and services, require delivery of centrally-hosted applications. The half year has seen significant investment in enhancing and increasing our hosting capabilities."

RM will announce its interim results on 14 May. Shares in the company are currently trading at 203.50p on the London Stock Exchange. ®

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