RE: More seriously , re panasonic
posted on
Apr 12, 2005 03:47PM
Start at page 7
``The following information has been derived from, and should be read in conjunction with, the full text of
this document. Investors should read the whole document and not just rely on the key information set out
below. In particular, your attention is drawn to the section entitled Risk Factors in Part II of this
document.
FlightStore, launched on commercial airlines in 2001, uses proprietary software operating on seat-back
television systems to provide an ¡®inflight intranet¡¯ that allows passengers to transact with the terrestrial
world whilst in flight.
FlightStore has effective barriers to entry through the following attributes:
¡ñ Licence from, and a close working relationship with, MAS (who provide the hardware platform
and underlying software infrastructure within which FlightStore¡¯s software functions), whose
hardware platforms account for a significant proportion of the worldwide IFE systems market;
¡ñ Growing airline and brand partner bases including, inter alia, several market leaders:
¨C Airlines ¨C Continental and KLM;
¨C Brands ¨C UBS and Bang & Olufsen;
¡ñ Established technology and a business model that anticipates increased profits and free cash flow
from increases in the brand partner base; and
¡ñ Successful and experienced board of directors and key management.``
http://www.seymourpierce.com/pdf/prospectuses/recent/Flightstore_Group_plc.pdf
doni