Diligent Board Member Services Inc. Added to NZX 50 Index

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• Publié par: diligent-board-member-services-inc
• Nombre de lectures: 15
• Langue: English

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Diligent Board Member Services Inc. Added to

NZX 50 Index

PR Newswire

NEW YORK, June 14, 2012

- Follows 176% Revenue Growth and 243% Share Price Increase over Prior 12

Months

NEW YORK

,

June 14, 2012

/PRNewswire/ -- Effective

Monday, June 18

, Diligent

Board Member Services Inc. (DIL) will be added to the NZX 50 Index. The NZX

50 Index comprises the 50 largest and most liquid companies listed on the NZX

(New Zealand Stock Exchange) Main Board. As Diligent is being added to the

NZX 50 Index, it will also be added to the NZX Portfolio Index and the NZX

MidCap Index.

Following the

June 2012

Quarterly Index Review, NZX Indices announced

changes to the NZX 50 Index including the addition of DIL to the Index. DIL

achieved this distinction by meeting the Index's ranking and liquidity

requirements. The changes will include an index rebalance to remove two

current members of the NZX 50, reflecting the addition of DIL and another

entity to the Index.

"Entry into

New Zealand

's top listed companies is an important milestone for

Diligent. It follows over 12 months of exceptional growth and outstanding value

to our clients and shareholders," commented Alex Sodi, President and CEO,

Diligent. "Becoming part of the NZX 50 Index will increase investor community

focus on our company and give investors greater access to our shares over

time, both in

New Zealand

and major financial markets," he added.

"Technology companies are an emerging force in

New Zealand

's economy,"

said Rachael Newsome, Head of Direct Products, NZX Limited. "Diligent's entry

into the NZX 50 at this stage is a positive sign for other growing companies that

inclusion in the headline index is an achievable goal. It also shows a trend

toward an increasingly diversified industry mix on our markets, which is good

news for investors and for new cohort of companies seeking to raise capital

efficiently and achieve liquidity via NZX."

About Diligent Board Member Services (NZX: DIL)

Over 1,800 boards and 33,000 individual directors, executives and

administrators worldwide rely on Diligent Board Member Services, Inc. to speed

and simplify how board materials are produced, communicated and viewed. As

the world's most widely used board portal, Diligent Boardbooks® has pioneered

ease of use, stringent security, and superior training and support since 2001.

Today we are a public company with cumulative sales totaling almost

$US 32.4

million

. Our ranking in the 2011 Deloitte Technology Fast 500 places us among

the fastest growing technology companies in America. Diligent has offices

located in

New York

(headquarters),

Toronto

,

London

,

Sydney

,

Christchurch

,

Singapore

and

Hong Kong

.

For the quarter ended

March 31, 2012

, Diligent produced record-breaking

results across a variety of performance metrics. Growth trajectory is

demonstrated by the increase in revenues which, at

US$8.20 million

for the

quarter ended

March 31, 2012

, are up 176% compared to the same quarter a

year ago. Another noteworthy milestone is achieving quarterly gross profit and

operating margins of 73.6% and 23.1%, respectively. Also of significance in the

first quarter is that cash generated from Diligent's operating activities was

US$3.66 million

, a 487% increase over the first quarter of 2011. These

significant milestones demonstrate the company's continued upward financial

momentum. To download the full PDF version of Diligent's 10-Q filing, go to

http://www.boardbooks.com/diligentbooks/us-filings.shtml

Diligent Boardbooks® is a registered trademark of Diligent Board Member

Services, Inc. with all rights reserved. ©2012 Diligent Board Member Services,

Inc.

This document contains forward-looking statements within the meaning of the

safe harbor provisions of the Securities Litigation Reform Act of 1995. Terms

such as "expect," "believe," "continue," and "grow," as well as similar

comments, are forward-looking in nature. Although the Company believes its

growth plans are based upon reasonable assumptions, it can give no

assurances that such expectations can be attained. Factors that could cause

actual results to differ materially from the Company's expectations include:

general business and economic conditions, competitive factors, raw materials

purchasing, and fluctuations in demand. Please refer to the Company's

Securities and Exchange Commission filings for further information.