ABAL.L Regulatory News (ABAL)

16 Mar 2007 11:45

Imaginatik PLC16 March 2007 16 March 2007 Imaginatik plc ("Imaginatik" or the "Company") Trading Update Imaginatik plc (AIM:IMTK), a leading provider of business innovation andtechnology based systems for innovation and idea management, announces todaythat it expects turnover for the year ended 31 March 2007 to be approximately£2.5m. This compares to £1.4m in 2006, an increase of nearly 80% There remains some uncertainty over the timing on the signatures of variouscontracts and this volatility in the timing of contract signature may impact thelevel of the loss for the year. Mark Turrell, Chief Executive of Imaginatik commented " We are pleased with thegrowth we have seen in the last year, the Company sales pipeline remains verystrong and we anticipate a number of significant contract awards in the firstquarter of the next financial year". Further enquiries Imaginatik plc Tel: 020 7917 2975 Mark Turrell, CEO / Shawn Taylor, CFO ICIS Tel: 020 7651 8688 Tom Moriarty / Caroline Evans-Jones About Imaginatik Imaginatik is a leading provider of innovation infrastructure to some of theworld's leading companies. More than 110 clients rely on Imaginatik's software,consulting and research to enable their best-of-breed Innovation activities. Imaginatik's software and consulting services have helped clients discoversignificant sources of additional revenue, as well as tangible cost savings,process improvements and increased product pipeline. Imaginatik is alsocommitted to developing strategic solutions in the field of innovation, workingwith academic institutions such as the London Business School and the CassSchool of Business, London, as well as leading practitioners of corporateinnovation. Imaginatik was admitted to trading on AIM on 15 December 2006, raising £1.5m netof expenses. For further information please visit www.imaginatik.com This information is provided by RNS The company news service from the London Stock Exchange