26 Feb 2010 10:06
Immediate Release 26 February 2010
2ergo Group plc
("2ergo")
AGM Statement
2ergo, the AIM listed leading provider of mobile enabling technology, will make the following statement at today's AGM, to be held at 10am.
It has become clear over the past twelve months that the mobile technology market is now coming of age. During the past six months alone an increasing number of blue chip companies are realising the importance of developing a mobile technology strategy and the Group's pipeline of opportunities has more than doubled.
As previously announced, the Group is investing significantly in increasing its resources to capitalise on this expected growth in demand. However, first half performance in certain areas has been held back due to pressure in achieving timely delivery created by protracted lead times in recruitment and training.
The Group's order book and pipeline in all territories have grown significantly and resources are continuing to be established to satisfy the increased demand. The Board is therefore confident in 2ergo's ability to meet market expectations for the full year.
The Group will also inform the meeting it has been awarded a four year contract to provide Transport for London with a comprehensive mobile services solution.
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For further information, please contact:
| 2ergo Group plc Neale Graham, Joint CEO Barry Sharples, Joint CEO Jill Collighan, Group Finance Director
| 0161 874 4222 |
| Tavistock Communications Lulu Bridges
| 020 7920 3150 |
| Numis Securities Limited Stuart Skinner (as Nominated Adviser) David Poutney (as Corporate Broker)
| 020 7260 1000 |