ABAL.L Regulatory News (ABAL)

28 Jul 2009 07:00



28 July 2009

Imaginatik plc

("Imaginatik" or the "Company")

AGM Statement

Howard Marshall, Chairman of Imaginatik plc (AIM: IMTK), a leading provider of enterprise collaborative software and processes, will make the following statement at the Company's Annual General Meeting to be held later today:

"As with last year, the new financial year has started slowly with prospective clients continuing to be cautious in their commitment to spend. However, we are pleased to announce several good client wins of late through our strategic partnership with Hult Business School, resulting in our Idea Central software being used at Osram Sylvania, Philips Medical Systems, Siemens and BAE Systems amongst others.

Consistent with previous years, we anticipate that the larger part of our revenues will come in the second half of the financial year and, as expected, the Company will incur a loss in the six months to 30 September 2009. Despite the difficult market conditions and economic uncertainties, we still anticipate another year of revenue growth for the Company and continue to remain optimistic in our sales pipeline which is developing well as a result of our increased focus on marketing the Company and our software and services offering."

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About Imaginatik

Imaginatik is a leading provider of web-based enterprise collaboration software. Imaginatik's core software, Idea Central, is designed to help companies focus on idea generation towards strategic business objectives, and to share, develop and review those ideas across the organisation. Some of the world's largest organisations such as Merck, Dow, Chevron, General Electric and Cargill use Imaginatik's software, consulting and leading-edge research to enable their best-of-breed innovation, cost-reduction and process improvement activities.

Having been named as a World Economic Forum Technology Pioneer and a finalist for the IBM Lotus Awards 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. Imaginatik is also committed to developing strategic solutions in the field of innovation, working with academic institutions such as the Hult Business School in Boston, and the Cass School of Business, London, as well as leading practitioners of corporate innovation.

For further information please visit http://www.imaginatik.com