eg Solutions PLC Regulatory News (EGS)

21 Jan 2008 07:00

EG Solutions plc21 January 2008 Issued by Golley Slater Financial PRDate: Monday 21 January 2008 Embargoed: 7.00am eg solutions plc ("the company") Trading Update eg solutions plc (AIM : EGS) the IT software and services company announces anupdate on trading for the financial year ended 31 January 2008. The Board expects revenues to be lower than market expectations which willresult in a pre-tax loss for the year. A small profit had been anticipated based on improved performance in the secondhalf of the financial year. Although costs have been reduced in line withoriginal expectations enabling the company to return to profit in the closingmonths of the year, revenues from the majority of sales closed in the sameperiod will not be able to be recognised until the financial year ending31January 2009. Although 2007 was an arduous trading year, both the UK and International marketsare increasingly more receptive to the company's offering. The sales pipelineand order book for 2008 is healthy, putting the company in a good position todemonstrate its recovery during the next financial year. Enquiries:Elizabeth Gooch Richard Evans Katie DaleChief Executive Officer Director Corporate Finance Head of Financial PReg solutions plc Brewin Dolphin Ltd (Nominated Adviser) Golley SlaterTel: 01785 715772 Tel: 0161 214 5553 Tel: 0121 384 9743www.eguk.co.uk Mobile: 07918 716 754 This information is provided by RNS The company news service from the London Stock Exchange