28 Aug 2008 07:00
| FOR IMMEDIATE RELEASE | 28 August 2008 |
eg solutions plc
PERIOD END TRADING UPDATE
eg solutions plc ("eg solutions" or "the Company"; LSE-AIM: EGS), the business software application vendor, is pleased to issue an 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. This trend continued for the remainder of the period.
Our interim results are expected to show growth in revenue in line with market expectations to approximately £2.3 million (H1 2007: £2.07 million), 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 strategy for the second half of the current financial year and beyond.
eg solutions is also pleased to announce that another Proof of Concept project has been signed since the period-end with a major short-term assurer in South Africa where there is the potential for up to 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 the 6 months ended 31 July 2008 are expected to be announced on Wednesday 24 September 2008.
Ends
CONTACTS
| eg solutions plc | 01785-715772 |
| Elizabeth Gooch, Chief Executive Officer | www.eguk.co.uk |
| Violetta Parylo, Finance Director | |
| Bankside | 020-7367-8888 |
| Steve Liebmann, Simon Bloomfield or Andy Harris | |
| Brewin Dolphin Ltd (Nominated Adviser) | 0845-213-4853 |
| Richard Evans, Director Corporate Finance |
About eg solutions plc
eg 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.