eg Solutions PLC Regulatory News (EGS)

6 Jun 2007 07:02

EG Solutions plc06 June 2007 eg Solutions plc AGM Statement & Trading Update eg solutions plc, the IT software & services company, will today hold its secondAnnual General Meeting as a public company, at which Rodney Baker-Bates,Chairman, will make the following statement: "Following the disappointing outturn to the 2007 financial year, which ended inJanuary, the current year is one of operational transition, margin recovery andimprovements in profitability. "As a result of a strategic review, our cost base has been cut and we are makingsteady progress in strengthening the fundamentals of our business. As we statedin our Annual Report, our actions will take some time to deliver visibleresults. We expect the second half will be the stronger of the year. "We are pleased to report that we have recently secured a significant contractwin with Standard Bank - South Africa's leading financial services company. Inthe UK we are extending relationships with existing clients and our strategy ofundertaking pilot studies is delivering results. "I am also pleased to announce the appointment of Paul Bird as Finance Director& Company Secretary who will join us from 3 September 2007." (See separateannouncement). 6th June 2007 Enquiries: eg solutions 01785 715772Elizabeth Gooch, Chief Executive Officer College Hill 020 7457 2020Carl Franklin/Ben Way Brewin Dolphin Securities (Nominated Adviser) 0845 270 8602Richard Evans About eg solutions eg solutions uses a combination of proprietary software and operationsmanagement methodology to deliver significant improvements in the performance ofits clients. Current operations are focused on the financial services sectorwith clients that include Norwich Union, Portman Building Society andCo-operative Financial Services. This information is provided by RNS The company news service from the London Stock Exchange