IND.L Regulatory News (IND)

22 Nov 2005 10:36

IndigoVision Group PLC22 November 2005 22 November 2005 IndigoVision Group PLC AGM Trading Update The following statement is being made by the Chairman of IndigoVision at theAnnual General Meeting scheduled for 10:30 am today: "Following the good growth last year, reported on 14 October along with theannual results for the year to 31 July 2005, trading has continued to be strongsince the year end with markets continuing to develop. We expect sales for the first four months of the current financial year to bearound double that of the corresponding period last year. Margins havecontinued to hold up well, costs are tightly controlled and net cash balancesremain above the last year end figure of £1.1m. The continuing market shiftfrom analogue to internet protocol video augurs well for the remainder of theyear, and the Board remains confident substantial progress in the development ofthe group's business will be made over the year as a whole." Enquiries to: IndigoVision plc Dr Oliver Vellacott CEO +44 (0) 131 475 7200 Marcus Kneen CFO This information is provided by RNS The company news service from the London Stock Exchange