26 Sep 2011 07:00
26th September 2011
Ila Group Limited
("Ila" or "the Company")
Follow on Order and Directorate Change
·; $500k of new orders received from major multi-national clients
·; Total orders for the financial year since July 2011 now over $2m
·; COO Paul Gazzard leaves as company director but is retained as consultant
Ila (AIM: ILA), the UK based international marketing and distribution specialist, is pleased to announce that it has received significant further orders from major multi-national clients totalling over US$500,000. This brings total new orders for FY2012 since July 2011 to over $2m.
Following on from previously announced orders, this is a significant endorsement of the Company's continued commitment to winning and servicing new blue chip customers in all areas of its operations.
The Directors are happy with the continued strong growth of the business, both across its product lines and territories, and look forward to updating shareholders on further orders and new product launches in the near future.
Change of Director
The Company also announces that Paul Gazzard, COO since March 2010, is leaving the Company to pursue a wider range of business interests. Paul was heavily involved in successfully introducing ILA to AIM in March 2010 and has since been instrumental in finance, planning and logistics as Ila has expanded its sales territories and product ranges. Paul will remain associated with the company as an independent consultant, specialising in capital market advice.
Simon McGivern, CEO of Ila, commented: "This new order shows the team's ability to rapidly convert sales opportunities into orders. This dynamic is set to continue in the future as our pipeline of new sales prospects continues to grow.
I would like to thank Paul Gazzard, who has been a Director since Ila's flotation in 2010. His support has been of great value and has helped us achieve the growth and prospects Ila now has. I look forward to continuing working with Paul in the future via his new role as independent consultant and we wish him every success in his new ventures."
For further information please contact:
Ila Group Limited 020 3384 7131
Simon McGivern, Chief Executive
FinnCap 020 7600 1658
Charles Cunningham/Ben Thompson - Corporate Finance
Joanna Weaving - Corporate Broking
Lothbury Financial Services 020 7868 2010
Gary Middleton
Simon Astley
Notes to Editors:
In 2011 to date, ila Group has extended its product mix, following the acquisition of Premium Factory, expanding geographically as well as adding blue chip clients.
Since the beginning of 2011, ila Group has secured sizeable orders through a major distributor in Germany/Austria and in Norway through one of the country's leading electronics retailers .
The company's largest ever order from a single customer was announced recently for over $800,000. The new customer is a major multi-national company.