10 Jul 2008 07:00
10 July 2008
Imaginatik Plc
("Imaginatik" or the "Company")
AGM Statement
Mark Turrell, CEO of Imaginatik plc (AIM: IMTK), a leading provider of collaborative innovation and problem-solving software and processes, will today make the following statement at the Company's Annual General Meeting:
"I am pleased to report that we have experienced an improved start to the year compared to the first quarter last year, building on the momentum experienced in the second half. We have signed four new customers on annual licence contracts and further extended our reach in four of our existing customers. As a result, our recurring revenue base has increased to £2.1m per year, up from £1.8m per year at the end of March 2008."
"We have also recently embarked on a new UK and European marketing project with Edelman, one of the leading independent global PR firms, to enhance our market presence and develop a far greater awareness of the capabilities of our software and processes."
"The market for collaborative innovation continues to develop, and we look forward to an exciting year ahead."
For further information please contact:
| Imaginatik plc | Tel: 020 7917 2975 |
| Mark Turrell, CEO / Shawn Taylor, CFO | |
| WH Ireland Limited | Tel: 0121 265 6330 |
| Tim Cofman / Katy Birkin | |
| ICIS | Tel: 020 7651 8688 |
| Tom Moriarty / Caroline Evans-Jones |
About Imaginatik
Imaginatik is the leading provider of innovation and collaborative problem solving software and process to the world's leading companies. More than 100 clients rely on Imaginatik's software, consulting and research to enable their best-of-breed innovation activities.
Named as a World Economic Forum Technology Pioneer for 2008 and a finalist for the IBM Lotus Awards 2008 in the Best Industry Solution category, Imaginatik's software and consulting services have helped clients discover significant sources of additional revenue, as well as tangible cost savings, process improvements and increased product pipeline. Imaginatik is also committed to developing strategic solutions in the field of innovation, working with academic institutions such as the London Business School and the Cass School of Business, London, as well as leading practitioners of corporate innovation.
For further information please visit http://www.imaginatik.com