eg Solutions PLC Regulatory News (EGS)

AGM STATEMENT

eg solutions plc ('eg' or "the Company"; LSE-AIM: EGS), the back office optimisation software company, is holding its Annual General Meeting at 10.30am today, at which Rodney Baker-Bates, the non-executive Chairman, will make the following statement: 

"As indicated when eg announced financial results for the year ended 31 January 2012, the back office optimisation market is gaining momentum and we are reaping the rewards of the significant investment made in our software, products and services. The market trends continue to be positive with renewed uncertainty in the Eurozone underpinning demand from financial institutions seeking to improve efficiency and control costs.

Against this background, our focus for the first four months of the current year has been on implementing projects and investing in pilot projects which were won at the end of last year.

Progress with pilot projects has been encouraging, with two nearing completion having demonstrated at least the 20 per cent benefit agreed with the clients and with others scheduled to complete in the second half. We expect successful completion of pilot projects will result in roll-out projects which could substantially benefit the financial performance for the year.

In the meantime, trading is in line with management's expectations and we have maintained tight control over costs, with a positive impact on profitability and cashflow.

Overall, the Board is excited about eg's prospects and we believe that the current year will be one of continued progress both on a product and business level."

END

About eg solutions plc

eg solutions plc is a global back office optimisation software company. Our software provides historic, real-time and predictive Operational MI. When implemented with our training programme for managers and team leaders to use this intelligence, we guarantee improvements in operational results in short timescales.

The Company, which is listed on the Alternative Investment Market ('AIM') of the London Stock Exchange, is committed to customer satisfaction and the ongoing development of its operations management solutions.