Dillistone Regulatory News (DSG)

31 March 2011

Dillistone Group Plc

("Dillistone" or the "Company")

Launch of FileFinder 10

Dillistone Group, the AIM quoted supplier of recruitment software, is pleased to announce the formal launch of FileFinder 10, the "next generation" release of its executive recruitment software system.

FileFinder 10 has been in development since 2008 and is the result of an investment of in excess of £1 million. Whilst FileFinder 10 shares many characteristics of previous versions, it has been entirely re-written to take full advantage of Microsoft's .NET Framework and therefore represents a product based on state of the art technology.

The board of Dillistone is committed to maintaining Dillistone's position as a leading player in the niche of executive recruitment through the use of technology and its advances. This next generation product has been designed to address the demands of the evolving executive search market; is research centric; is easy to use; and incorporates functionality identified in consultation with existing and potential users of the Dillistone products. 

The Company has signed contracts with a number of launch clients, including new customers in both the US and Europe who will be switching to FileFinder 10 from products developed by Dillistone's direct competitors.

The product will receive its first public presentation by Dillistone at an event the Company is hosting today in London. Attendees are expected from 10 countries. 

FileFinder 10 has already been presented via webinars to members of the FileFinder LinkedIN user group. As a result of these webinars, a waiting list of clients interested in upgrading has been created. Clients in 11 countries are currently included on this list.

To coincide with the availability of FileFinder 10, the Company has also launched a new website which features a streaming video demonstration of the product. This may be found at www.dillistone.com.

Commenting on the launch, Jason Starr, Managing Director of Dillistone said: 

"We are very proud of FileFinder 10. Its launch is of significant strategic importance to Dillistone at a time where we are seeing signs of recovery in our market. 

"We have demonstrated through this launch that we are committed to supporting our clients with the most efficient and up to date suite of products, and have demonstrated to our competitors that we do not take our market position for granted. We are determined to build on our market share by ensuring FileFinder is the software of choice in our core markets whilst also continuing to develop new market opportunities.

"The Initial feedback we have received on FileFinder 10 has been excellent, and we are delighted with our early contract wins."

Dillistone will announce its Final Results to 31 December 2010 on Tuesday 5 April 2011.

Contacts:

Mike Love (Chairman) Dillistone Group Plc 020 7749 6100

Jason Starr (Managing Director) Dillistone Group Plc 020 7749 6100

Emily Staples (Nomad) Religare Capital Markets 020 7444 0800

Daniel Briggs (Broker) Religare Capital Markets 020 7444 0500

Tom Cooper Winningtons Financial PR 020 3176 4722

0797 122 1972

tom.cooper@winningtons.co.uk

Notes to Editors:

Dillistone Group Plc is a leader in the supply and support of recruitment software to the search and selection market. Dillistone was admitted to AIM, a market operated by the London Stock Exchange plc, in June 2006.

Dillistone develops, publishes and supports FILEFINDER, its executive recruitment software, for recruitment companies and in-house recruitment teams. FILEFINDER is unique in providing tailored workflow and approaching 24 hour support for global users, to mirror the profile and demands of an executive search assignment. FILEFINDER has been adopted by around 1,000 companies in more than 60 countries.