Cloudcoco Regulatory News (CLCO)

30 Sep 2005 07:00

Glen Group PLC30 September 2005 Glen Group plc Trading Statement The Board of Glen Group plc ("Glen") is pleased to provide the following tradingupdate for the year ending 30th September 2005, before entering a closed periodand ahead of the preliminary announcement of its results for that year. Trading We have made very significant progress over the summer, despite this periodbeing historically quiet, and the Board anticipates that the second halfunaudited turnover will be materially higher than that of the first half withthe full year turnover not less than £500,000, an increase of approximately 175%in the second half. The unaudited turnover for the first half was £182,421. In my half-year statement I indicated that the Board was focused on organicgrowth and a new Head of Sales had been appointed in May, as well as acontinuing deployment of new sales people. We recently expanded this team intothe Midlands and now cover a significant area of the northern UK from our basein Dalkeith, near Edinburgh. The Board is comfortable that the integrated IT and communications value addedreseller model that we are rolling out to the SME market works well and we lookforward to expanding our sales force, numerically and geographically, so thatthey eventually cover the whole of the United Kingdom. It is expected that our preliminary announcement will be made during December. 30th September 2005 Enquiries: Glen Group plc Tel: 0845 119 2102Graham J Duncan, Chief Executive College Hill Tel: 020 7457 2020Alex Walters This information is provided by RNS The company news service from the London Stock Exchange