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28 Aug 2008 07:00
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FOR IMMEDIATE RELEASE |
28 AugustΒ 2008 |
eg solutions plc
PERIOD END TRADING UPDATE
egΒ solutions plcΒ ("egΒ solutions" or "the Company"; LSE-AIM: EGS), the businessΒ softwareΒ applicationΒ vendor, is pleased toΒ issueΒ anΒ update on trading for the six months ended 31 July 2008.
In an update statement issued at our Annual General Meeting on 17 June 2008, we reported that trading in the current financial year had been positive.Β Β This trend continuedΒ for the remainder of the period.Β
Our interim resultsΒ areΒ expectedΒ toΒ showΒ growth in revenueΒ in line with market expectationsΒ to approximately Β£2.3 million (H1 2007: Β£2.07 million),Β with the cost savings implemented throughout 2007 resulting in improved profitability.
The Company has made solid progress in achieving the turnaround promised to Shareholders. We remain committed to this strategyΒ forΒ the second half of the current financial year and beyond.Β
egΒ solutionsΒ is also pleased to announceΒ thatΒ another Proof of Concept project has beenΒ signedΒ since the period-endΒ with a major short-term assurerΒ in South AfricaΒ where there is the potential forΒ up toΒ 1,000 users of the Company's software. This contract win demonstrates continued expansion within the territory.
Announcement of results for the 6 months ended 31 July 2008
The results for theΒ 6 months ended 31 July 2008Β are expected toΒ be announced on Wednesday 24 September 2008.
Ends
CONTACTS
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eg solutions plcΒ |
01785-715772 |
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Elizabeth Gooch, Chief Executive Officer |
www.eguk.co.uk |
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Violetta Parylo,Β Finance Director |
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Bankside |
020-7367-8888 |
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Steve Liebmann,Β Simon BloomfieldΒ orΒ Andy Harris |
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Brewin Dolphin LtdΒ (Nominated Adviser) |
0845-213-4853 |
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Richard Evans, Director Corporate Finance |
AboutΒ eg solutions plc
egΒ solutions plc is a global business software application vendor. 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.
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