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blinkx plc Announces Results for the Six Months Ended 30 September 2012

   blinkx plc Announces Results for the Six Months Ended 30 September 2012

PR Newswire

LONDON, and SAN FRANCISCO, California, November 14, 2012

LONDON, and SAN FRANCISCO, California, November 14, 2012 /PRNewswire/ --

Reports record results for first half, revenues up 84% to $82.0m, with
adjusted* profits before taxation of $8.4m

blinkx's interim period conference call will be webcast live
athttp://www.blinkx.comon

14 November, 2012, at 9:30 a.m. GMT/4:30 a.m. EST/1:30 a.m. PST

blinkx PLC (BLNX.L), the world's largest video search engine, today reported
financial results for the six months ended 30 September 2012.

Financial Highlights

                                         Six months to  Six months to
                                          30 September   30 September
                                                  2012           2011
                                           (unaudited)    (unaudited)
                                                  $000           $000

    Revenues                                    81,971         44,569
    Profit from operations - adjusted*           7,855          4,892
    Profit from operations                       1,966          1,421
    Profit before taxation - adjusted*           8,370          4,953
    Profit before taxation                       2,481          1,482

    Earnings per share                           Cents          Cents
    Basic - adjusted*                             2.38           1.64
    Basic                                         0.75           0.63
    Diluted - adjusted*                           2.34           1.60
    Diluted                                       0.74           0.62

*Adjusted for acquisition costs of $1.4m (2011:$1.9m), exceptional charges of
$1.8m and amortization of purchased intangibles of $2.6m (2011: $1.6m)

Business Highlights

  oRevenues increased by 84% to $82.0m, from $44.6m in H1 2012
  oAdjusted* profit from operations increased by 61% to $7.9m compared with
    $4.9m for H1 2012
  oAdjusted* profit before tax of $8.4m, compared with $5.0m for H1 2012
  oCash balance was $41.6m up from $38.4m on 31 March 2012
  oSales and product integrations of Burst and PVMG acquisitions are ahead of
    schedule
  oIntroduced next generation blinkx.com, designed to enhance video discovery
    and viewing, optimized for mobile use, with powerful personalization
    capabilities and social graph integration
  oEstablished new distribution agreements with Sony and Popbox in the
    Connected TV space
  oSecured content partnerships including Kiplinger, Hulu, and Fox Sports
  oAdded new brand advertising clients including Google, Asda and Gillette

Commenting on the period, S. Brian Mukherjee, CEO of blinkx, said today: "This
has been an exceptional first half for blinkx. The business demonstrated
strong underlying growth, which was accelerated by the ahead-of-schedule
integration of Burst and PVMG. The progress of this integration enabled us to
serve a greater number of high value ads to a wider audience at robust
monetization rates.

During the period, we also benefitted from increased advertising spend
allocated to specific events - the summer Olympics and the US presidential
elections. These one-time events provided us with a better-than-expected
boost to revenues during the traditionally slower summer months.

We have continued to build on our leadership position in the online video
ecosystem over the past six months, increasing our audience reach through
distribution deals with Sony and Popbox, while adding premium content partners
including Kiplinger, Hulu and Fox Sports. This compelling combination of top
tier professional content and broad distribution with our patented video
advertising platform attracted new and repeat marquee brand advertisers, such
as Microsoft, Volkswagen and Colgate.

This half, we were also proud to unveil the next generation of our flagship
video search and discovery site, blinkx.com. With an eye to the flourishing
mobile market, the new site was built from the ground up for use on connected
devices, with a simple, elegant user interface that is optimized for video
discovery and viewing, and offers easy integration with social networks across
desktop, tablet and mobile devices."

Outlook

Commenting on current trading, Mr Mukherjee added: "There are powerful secular
trends driving the growth of video advertising: the proliferation of broadband
and connected devices, and the accelerating migration and consumption of video
online. This market momentum underscores the vitality of the sector and our
business model. Overall trading remains in line with the comments made in our
trading update of 29 October 2012 and based on our performance this period and
the fundamentals of the sector, we remain confident in our outlook for the
rest of the year."

Customer and Business Development

In the first half of our financial year, blinkx's patented video advertising
platform continued to attract global brand advertisers. With the Internet
claiming an increasingly significant share of ad budgets, leaders from across
a breadth of industries, such as Gillette, Microsoft and Toyota capitalized on
blinkx's unique offering, booking campaigns through top global agencies,
including Carat, Starcom and Neo Ogilvy.

blinkx also progressed its cross-platform distribution strategy during the
period, striking new deals in the Connected TV space with Sony and Popbox, and
introducing the new blinkx.com, built using responsive design and optimized
for use on mobile devices.

On the content front, blinkx expanded its roster of premium media partners,
signing content agreements with a diverse array of industry leaders including
Hulu, Kiplinger and Fox Sports, among others.

Management Changes

On 19 July 2012, blinkx announced that Suranga Chandratillake, the Founder and
Chief Executive Officer of the Company, was assuming the role of President and
Chief Strategy Officer and would continue to serve as an Executive Member on
its Board. Subhransu ("Brian") Mukherjee, who was the Chief Operating Officer
of blinkx, was appointed CEO of blinkx and an Executive Member of its Board of
Directors effective as of that date.

blinkx also announces that Jonathan Spira has announced his intention to step
down as Chief Financial Officer of the Company with effect from 30 November
2012.  Mr. Spira has served as the head of blinkx's global finance team since
2008, and has been instrumental in building the company into a dynamic and
profitable, $150+m revenue enterprise. The Board extends its gratitude to Mr.
Spira for his contribution to growth of the Group and wishes him the best.

Edward Reginelli, aged 41, currently Senior Vice President and Group
Controller at blinkx, will step up to succeed Mr. Spira as Chief Financial
Officer and they have been working together to ensure a smooth transition.

Mr. Reginelli joined blinkx in April 2012. He has over 15 years of experience,
managing all aspects of financial accounting, controls, analysis, operations
and reporting in complex corporate environments. Before joining blinkx, he was
Vice President of Finance and Corporate Controller at Purple Communications,
Inc., a company that specialized in technology enabled interpreting and
telecommunication services. Prior to this he served as Chief Financial
Officer and a Director of Burke Industries, Inc. and held other senior
financial positions at Compass Aerospace, PPG Industries and Nestle USA.

Mr. Reginelli holds a B.S in Business Administration and Accounting from John
Carroll University, Ohio and is a registered Certified Public Accountant.

The Company confirms there is no other information required to be disclosed
pursuant to Schedule 2 paragraph (g) of the AIM Rules.

Products

In September, blinkx unveiled an open beta of the next generation of its
flagship product, blinkx.com. The new site is designed to enhance the video
discovery and viewing experience for audiences, with powerful personalization
and recommendation capabilities, and easy integration across users' social
graph. It was built from the ground up for use on mobile devices, with a
simple, elegant user interface that is touch-optimized for easy navigation.
New features of the next-generation blinkx.com include customized channels,
Facebook and Twitter integration and a unique "Pause and Pick Up" capability,
which allows users to start watching video on one device, hit pause and pick
it up again at the same point on a different device. 

During the period, blinkx made significant progress on the integration of
advertising technology and processes from Burst Media and Prime Visibility
Media Group (PVMG). This integration allows the group to function as a single
entity, giving it access to a broader and more substantial set of products and
solutions for its advertisers, publishers and content partners. This enables
the company to apply its patented Concept Recognition Engine (CoRE) to both
video and non-video assets across all sources, thereby serving the most
relevant ad, at the optimum time, with the highest monetization rate, to a
wider audience.

Financial Highlights

For the six months ended 30 September 2012 (H1 2013), revenues totaled $82.0
million, an increase of 84% over the $44.6 million in revenues reported for
the 6 months ended 30 September 2011 (H1 2012). Adjusted net profit before
acquisition, exceptional and integration costs and amortisation of purchased
intangibles for H1 2013 was $8.6 million (H1 2012: $5.7 million). Net profit
for H1 2013 was $2.7 million (H1 2012: $2.2 million). Earnings per share for
H1 2013 was 2.38 cents adjusted basic (H1 2012: 1.64 cents), 0.75 cents basic
(H1 2012: 0.63 cents), 2.34 adjusted fully diluted (H1 2012: 1.60 cents) and
0.74 cents fully diluted (H1 2012: 0.62 cents). blinkx's cash balance at 30
September 2012 was $41.6 million (30 September 2011: $52.9 million).

About blinkx PLC

blinkx (London AIM: BLNX) is the world's most comprehensive video search
engine. Today, blinkx has indexed more than 35 million hours of audio, video,
viral and TV content, and made it fully searchable and available on demand.
blinkx's founders set out to solve a significant challenge - as TV and
user-generated content on the Web explode, keyword-based search technologies
only scratch the surface. blinkx's patented search technologies listen to -
and even see - the Web, helping users enjoy a breadth and accuracy of search
results not available elsewhere. In addition, blinkx powers the video search
for many of the world's most frequented sites. blinkx is based in San
Francisco and London. More information is available at http://www.blinkx.com

BLINKX PLC

CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED)

Results for the six months to 30 September 2012

(in thousands, except per share amounts)

                                                        Six months to  Six months to
                                                         30 September   30 September
                                                                 2012           2011
                                                          (unaudited)    (unaudited)
                                                  Note           $000           $000

    Revenue: continuing operations                             81,971         44,569
    Cost of revenue                                9         (39,903)       (18,139)
    Gross profit                                               42,068         26,430

    Operating expenses
                        Research and development              (6,726)        (4,033)
                        Sales and marketing        9         (22,814)       (15,506)
                        Administrative expenses               (4,673)        (1,999)
    Profit from operations before acquisition
    and exceptional costs*                                      7,855          4,892
    Amortisation of purchased intangibles                     (2,642)        (1,550)
    Acquisition and exceptional costs                         (3,247)        (1,921)
    Profit from operations                                      1,966          1,421
    Other income                                                  505              -
    Net investment revenue                                         10             61
    Profit before taxation                                      2,481          1,482
    Tax                                            3              235            711
    Profit for the period attributable to
    equity holders of the parent before
    acquisition and exceptional costs*                          8,605          5,664

    Profit for the period attributable to
    equity holders of the parent                                2,716          2,193

    Earnings per share (cents)                                  Cents          Cents
    Adjusted basic*                                4             2.38           1.64
    Basic                                          4             0.75           0.63
    Adjusted diluted*                              4             2.34           1.60
    Diluted                                        4             0.74           0.62

*Adjusted for acquisition costs of $1.4m (2011:$1.9m), exceptional charges of
$1.8m and amortization of purchased intangibles of $2.6m (2011: $1.6m

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

(UNAUDITED)

For six months ended 30 September 2012

                                                              Six months to  Six months to
                                                               30 September   30 September
                                                                       2012           2011
                                                                (unaudited)    (unaudited)
                                                                       $000           $000

    Profit for the period                                             2,716          2,193
    Exchange difference on translation of foreign operations            301        (1,358)
    Total comprehensive income for the period                         3,017            835

BLINKX PLC

CONDENSED CONSOLIDATED BALANCE SHEET (UNAUDITED)

As at 30 September 2012

(in thousands)

                                                     As at         As at
                                              30 September  30 September
                                                      2012          2011
                                               (unaudited)   (unaudited)
                                        Note          $000          $000
    ASSETS
    Non-current assets
    Goodwill                                        49,080        26,779
    Intangible assets                               27,654        20,813
    Property, plant and equipment                    2,014         1,801
    Other receivables                                  250           250
    Deferred tax asset                               8,498         2,107
                                                    87,496        51,750
    Current assets
    Trade receivables                               24,147        19,613
    Other receivables                                3,515         3,756
    Cash and cash equivalents                       41,627        52,928
                                                    69,289        76,297
    Total assets                                   156,785       128,047

    LIABILITIES
    Current liabilities
    Trade and other payables                      (25,762)      (21,452)

    Non-current liabilities
    Deferred tax liability                         (1,732)             -
    Other payables                                   (453)         (263)
                                                   (2,185)         (263)
    Total liabilities                             (27,947)      (21,715)

    Net assets                                     128,838       106,332

    Shareholders' equity
    Share capital                        5           6,845         6,713
    Share premium account                5         101,809        87,072
    Shares to be issued                  6             750           831
    Stock compensation reserve                      12,880        10,906
    Currency translation reserve                   (7,536)       (8,900)
    Merger reserve                                  33,089        33,047
    Retained loss                                 (18,999)      (23,337)
    Total equity                                   128,838       106,332

BLINKX PLC

CONDENDSED CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED)

For the six months to 30 September 2012

(in thousands)

                                                             Six months to  Six months to
                                                              30 September   30 September
                                                                      2012           2011
                                                                (unaudited)    (unaudited)
                                                                      $000           $000

    CASH FLOWS FROM OPERATING ACTIVITIES
    Profit from operations                                          1,966          1,421
    Adjustments for:
                    Depreciation and amortization                   4,206          2,345
                    Share based payments                              942            494
                    Other income                                      505              -
                    Foreign exchange gains / (losses)                  11           (61)

    Operating cash flows before movements in working capital        7,630          4,199

    Changes in operating assets and liabilities:
                    Increase in trade and other receivables       (1,743)        (4,160)
                    Increase in trade and other payables              375          2,110
    Net cash generated by operations                                6,262          2,149

    Income taxes paid                                             (1,555)              -

    Net cash generated by operating activities                      4,707          2,149

    CASH FLOWS FROM INVESTMENT ACTIVITIES
    Interest received                                                  10             61
    Purchase of property, plant and equipment and intangibles     (1,948)        (2,288)
    Acquisitions, net of cash acquired                                  -            705
    Net cash used by investment activities                        (1,938)        (1,522)

    CASHFLOWS FROM FINANCING ACTIVITIES
    Net payments on finance lease                                    (99)           (45)
    Proceeds from issuance of shares                                  261            623
    Net cash generated by financing activities                        162            578

    Net increase in cash and cash equivalents                       2,931          1,205

    Beginning cash and cash equivalents                            38,406         52,809
    Effect of foreign exchange on cash and cash equivalents           290        (1,086)
    Ending cash and cash equivalents                               41,627         52,928

BLINKX PLC

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED)

For the six months to 30 September 2012

(in thousands)

                                                          Share  Shares         Stock
                                                 Share  premium   to be  compensation
                                               Capital  account  issued       reserve
                                                  $000     $000    $000          $000

    Balance as at 1 April 2011                   6,398   86,443       -         9,968

    Issue of shares                                315      629       -             -

    Current period profit                            -        -       -             -

    Exchange differences on translation              -        -       -             -

    Equity to be issued - acquisition related        -        -     831             -

    Share based payments                             -        -       -           938

    Balance as at 30 September 2011              6,713   87,072     831        10,906

                                                          Share  Shares         Stock
                                                 Share  premium   to be  compensation
                                               Capital  account  issued       reserve
                                                  $000     $000    $000          $000

    Balance as at 1 April 2012                   6,837  101,552     754        11,938

    Issue of shares                                  8      257     (4)             -

    Current period profit                            -        -       -             -

    Exchange differences on translation              -        -       -             -

    Share based payments                             -        -       -           942

    Balance as at 30 September 2012              6,845  101,809     750        12,880

Table continued below…

                                                 Currency
                                              Translation   Merger  Retained
                                                  reserve  reserve  earnings         Total
                                                     $000     $000      $000          $000

    Balance as at 1 April 2011                    (7,542)  (4,323)  (25,530)        65,414

    Issue of shares                                     -   37,370         -        38,314

    Current period profit                               -        -     2,193         2,193

    Exchange differences on translation           (1,358)        -         -       (1,358)

    Equity to be issued - acquisition related           -        -         -           831

    Share based payments                                -        -         -           938

    Balance as at 30 September 2011               (8,900)   33,047  (23,337)       106,332

                                                 Currency
                                              Translation   Merger  Retained
                                                  reserve  reserve  earnings         Total
                                                     $000     $000      $000          $000

    Balance as at 1 April 2012                    (7,837)   33,089  (21,715)       124,618

    Issue of shares                                     -        -         -           261

    Current period profit                               -        -     2,716         2,716

    Exchange differences on translation               301        -         -           301

    Share based payments                                -        -         -           942

    Balance as at 30 September 2012                -7,536   33,089   -18,999       128,838

BLINKX PLC

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(UNAUDITED)

1. Basis of preparation

The condensed interim financial statements have been prepared using accounting
policies and methods of computation consistent with those used in the audited
statutory financial statements for the year ended 31 March 2012 and
International Financial Reporting Standards ("IFRSs") as adopted for use in
the European Union. While the financial information included in this interim
announcement has been compiled in accordance with the recognition and
measurement principles of IFRSs, this announcement does not itself contain
sufficient information to comply with IFRSs. These interim financial
statements do not constitute statutory financial statements within the meaning
of section 435 of the Companies Act 2006.

Statutory financial statements for the year ended 31 March 2012 are available
on the blinkx plc's (the "Group's") website http://www.blinkx.com and have
been filed with the Registrar of Companies. The Group's auditor issued a
report on those financial statements that was unqualified, did not contain a
statement under section 498(2) or section 498(3) of the Companies Act 2006 and
did not draw attention to any matters by way of emphasis.

The information for the six month period ended 30 September 2012 is unaudited,
but reflects all normal adjustments which are, in the opinion of management,
necessary to provide a fair statement of results and the Group's financial
position for and as at the period presented. The results of operations for the
period ended 30 September 2012 are not necessarily indicative of the operating
results for future operating periods.

The directors have considered the financial resources of the Group and the
risks associated with doing business in the current economic climate and
believe the Group is well placed to manage these risks successfully. The
directors have reviewed management's business plan setting out key business
assumptions and considered it to be reasonable and are satisfied that the
Group has adequate resources to continue in operational existence for the
foreseeable future being a period of no less that 12 months from the date of
signing of this interim report. Accordingly, they continue to adopt the going
concern basis in preparing this interim announcement.

2. Share-based payments

Included within operating expenses are the following amounts in respect of
share based payments:

                                               Six months to  Six months to
                                                30 September   30 September
                                                        2012           2011
                                                 (unaudited)    (unaudited)
                                                        $000           $000

    Sales and marketing                                  566            312
    Research and development                             247            115
    Administrative expenses                              129             67
                                                         942            494

3. Taxation

Tax for the period is charged at a composite tax rate of -9.4 percent (half
year to 30 September 2011: -48.0 percent, year to 31 March 2011 : -101.9
percent), representing the best estimate of the average annual effective
income tax rate expected for the full year plus the effect of discrete items
recognised in the period.

4. Earnings per share

The calculation of the basic and diluted earnings per share is based on the
following information.

                                                              Six months to  Six months to
                                                               30 September   30 September
                                                                       2012           2011
                                                                (unaudited)    (unaudited)
                                                                       $000           $000

    Earnings
    Adjusted* profit (used in calculation
     of basic and diluted loss per share)                             8,605          5,664
    Profit (used in calculation of basic
     and diluted loss per share)                                      2,716          2,193

                                                                     Number         Number
    Number of shares
    Weighted average number of shares for
     the basic earnings per share                               361,728,496    345,815,693
    Weighted average number of shares for
     the diluted earnings per share                             368,280,824    353,518,944

*Adjusted for acquisition costs of $1.4m (2011:$1.9m), exceptional charges of
$1.8m and amortization of purchased intangibles of $2.6m (2011: $1.6m)

5. Share capital

The issuance of shares in the period relates to the issuance of 1,637 shares
to the shareholders of Burst Media Corporation and 481,943 shares on the
exercise of employee share options.

6. Shares to be issued

The shares to be issued reserve relates to shares which are expected to be
issued to Burst shareholders, as part of the consideration, who have not yet
submitted the paperwork to effect the exchange of Burst shares for blinkx
shares.

7. Acquisition and exceptional costs

Acquisition costs of $1.4 million and exceptional charges of $1.8 million have
been separately identified on the face of the income statement. These charges
included post acquisition remuneration, one time write down of a prepaid
distribution charge, onerous facility, severance and professional services. 

8. Acquisition of subsidiaries

On 9 November 2011 the group acquired 100% of the issued share capital of
Prime Visibility Media Group Inc., an online advertising network and digital
advertising agency headquartered in New York, USA. The integration of the
blinkx video search engine with PVMG's text search platform will enable the
group to tap into a new audience of intent-driven consumers and deliver
TV-style brand advertising to them.

Fair values of purchased assets and liabilities:

                               Provisional   Adjustment to
                                 FV @ date            FV @        Final
                               of purchase   November 2012   Fair Value
                                 $ million       $ million    $ million

    Intangibles                       12.6                         12.6
    Other assets                       5.7                          5.7
    Deferred tax asset                 1.7           (0.2)          1.5
    Cash                               0.7                          0.7
    Trade & other payables           (7.3)                        (7.3)
    Total identifiable assets         13.4           (0.2)         13.2

    Goodwill                          21.4             0.2         21.6

    Total consideration               36.0 *             -         36.0 *

*The fair value of the $36.0 million consideration paid comprises of: cash
paid of $31 million; deferred consideration provisionally determined of $3.8
million; and prepaid post acquisition remuneration of $1.2 million.

The $0.2 million adjustment to fair values relates to a deferred tax asset
valuation adjustment.

The measurement period relating to the PVMG acquisition is now completed so no
further purchase adjustments will be posted to the fair values.

9. Standardisation of expense classifications on integration

As part of the process of integrating those companies acquired in fiscal year
2012, the company has been aligning its accounting policies to ensure
consistent expense classifications across the expanded Group. Whilst this
exercise has been concluded for the current period certain prior year
marketing and advertising expenses may not have been consistently classified
according to blinkx accounting policies. This expense reclassification will
not impact revenue, operating profits or earnings per share as reported.
Management is currently working to analyse the full effect of the expense
classification differences in the prior period, but prior to this announcement
it has been impracticable to determine fully the extent of the
reclassifications required. Management intends to disclose the outcome of this
exercise, to the extent material, in its annual report for the year ended 31
March 2013.

10. Related party transactions

For the purposes of IAS 24 Related Party Disclosures, the directors are
considered to be the Group's key management personnel. Their remuneration is
disclosed within the Directors' Report as reported in the Statutory financial
statements for the year ended 31 March 2012. There were no other related party
transactions in either the current year or prior year.

INDEPENDENT REVIEW REPORT TO BLINKX PLC

We have been engaged by the company to review the interim set of financial
statements in the half-yearly

financial report for the six months ended 30 September 2012 which comprises
the condensed consolidated income statement, the condensed consolidated
statement of comprehensive income, the condensed consolidated balance sheet,
the condensed consolidated cash flow statement, the condensed consolidated
statement of changes in equity and related notes 1 to 10. We have read the
other information contained in the half-yearly financial report and considered
whether it contains any apparent misstatements or material inconsistencies
with the information in the interim set of financial statements.

This report is made solely to the company in accordance with International
Standard on Review Engagements (UK and Ireland) 2410 "Review of Interim
Financial Information Performed by the Independent Auditor of the Entity"
issued by the Auditing Practices Board. Our work has been undertaken so that
we might state to the company those matters we are required to state to them
in an independent review report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility to anyone
other than the company, for our review work, for this report, or for the
conclusions we have formed.

Directors' responsibilities

The half-yearly financial report is the responsibility of, and has been
approved by, the directors. The directors are responsible for preparing the
half-yearly financial report in accordance with the AIM Rules of the London
Stock Exchange.

As disclosed in note 1, the annual financial statements of the group are
prepared in accordance with IFRSs as adopted by the European Union. The
interim set of financial statements included in this half-yearly financial
report have been prepared in accordance with the accounting policies the group
intends to use in preparing its next annual financial statements.

Our responsibility

Our responsibility is to express to the company a conclusion on the interim
set of financial statements in the half-yearly financial report based on our
review.

Scope of Review

We conducted our review in accordance with International Standard on Review
Engagements (UK and Ireland) 2410 "Review of Interim Financial Information
Performed by the Independent Auditor of the Entity" issued by the Auditing
Practices Board for use in the United Kingdom. A review of interim financial
information consists of making inquiries, primarily of persons responsible for
financial and accounting matters, and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in
accordance with International Standards on Auditing (UK and Ireland) and
consequently does not enable us to obtain assurance that we would become aware
of all significant matters that might be identified in an audit. Accordingly,
we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to
believe that the interim set of financial statements in the half-yearly
financial report for the six months ended 30 September 2012 is not prepared,
in all material respects, in accordance with the AIM Rules of the London Stock
Exchange.

Deloitte LLP

Chartered Accountants and Statutory Auditor

Cambridge, United Kingdom

14 November 2012

For further information please contact:

Financial Media Contacts
Edward Bridges/Charles Palmer
FTI Consulting
(UK) +44(0)20-7831-3113

NOMAD and Broker for blinkx plc
Charles Lytle/Christopher Wren
Citigroup Global Markets Ltd
(UK) +44(0)20-7986-9756

Analyst and Investor Contact
Jonathan Spira, CFO
blinkx plc
(US) +1-415-655-1450

SOURCE blinkx plc