eg Solutions PLC Regulatory News (EGS)

28 Jul 2005 07:00

EG Solutions plc28 July 2005 28 July 2005 eg solutions plc Trading update eg solutions plc, the IT software and services company, announces a tradingupdate before the announcement of its interim results for the six months ending31 July 2005, which are due to be published on 12 September 2005: Trading in the Company's shares started on AIM on June 6 2005. At that time theDirectors stated that they believed that the company had a new business pipelinewith a potential revenue stream of up to £4.5 million and this still remains thecase. Demand for the Company's products and services continue to be in line withthe Board's expectations. During the 6 months to 31 July 2005 significant new contracts have beenfinalised with Portman Building Society, and Co-Operative Financial Services. Paul Maguire joined the Company as Sales and Marketing Director on 6 June 2005.He has strengthened the sales function and attracted new sales professionals tothe Company. Recruitment of new staff in other areas of the business to deliverand support the planned growth is well underway. The Directors are confident that the Company's prospects remain positive and thesales pipeline is being maintained and converted at a satisfactory level. Further enquiries: Elizabeth Gooch (Managing Director) 01785 715772David Blain (Finance Director) 01785 715772Richard Evans (Brewin Dolphin Securities) 0161 214 5553 This information is provided by RNS The company news service from the London Stock Exchange