MXCP.L Regulatory News (MXCP)

29 Jan 2007 07:01

2 ergo Group plc29 January 2007 Embargoed until 7am 29th January 2007 2ergo Group plc ("2ergo" or "the Group") TRADING UPDATE 2ergo, the AIM listed provider of convergent mobile communication solutions,will make the following statement at today's AGM. Following another year of significant growth to August 2006, the Group ispleased to announce that trading is on target to exceed market expectations forthe current year. A major factor that has contributed to the Group's continued success has beenits healthy pipeline of new business opportunities, bolstered by the UK market'sincreasing adoption of convergent mobile communications. This is particularlystrong in the media sector, where organisations are demonstrating the greatestacceptance and understanding of the benefits achievable through the mobilechannel and the rich experiences it can now deliver to the consumer. The Board is pleased with the progress made in the US market, following therecent acquisition of Proteus Inc, and is extremely encouraged by recentcontract wins with both existing and new clients, including Disney, ABC andUniversal Channel. The Board believes the growth of the US market will accelerate over the comingmonths. Now that the Proteus business has been fully integrated into the Group'soperations the Board is confident of continued US success, in a market that hasthe potential to deliver considerable growth for the Group. The Group is currently undergoing a project to advance the way it providesconnections to the Global mobile network, to become one of a select number ofShort Message Service Centre providers throughout the world. When complete,2ergo will share the same messaging status as the global mobile networkoperators and enhance its position in the Mobile Industry value chain. This willprovide further competitive advantages for the Group and deliver increasedmessaging performance for its clients. The Board is also pleased to report that the demerger of 2safeguard, the Group'spatented secure communications protocol business, is on track for flotation onthe AIM market during the first quarter of 2007. The demerger is expected to beby way of a dividend in specie to existing shareholders in 2ergo. Furthermore,the Board is particularly encouraged by the strength of enquiries for thisenabling technology. A small number of initial contracts have already beensigned and the Board looks forward to informing the market of further contractwins in the near future. 2ergo expects to announce its interim results for the six months to 28 February2007 in mid May. -ends- For further information, please contact: 2ergo Group plc 01706 221 777Neale Graham, Joint Managing DirectorBarry Sharples, Joint Managing Director Tavistock Communications 020 7920 3150Matt RidsdaleSimon Compton Numis Securities Limited 020 7776 1500David Poutney, Head of Corporate BrokingJag Mundi, Head of Corporate Finance Notes to Editors: About 2ergo Group plc2ergo Group plc is a leading provider of interactive and multi-channelcommunications solutions across mobile, fixed-line telecommunications and theinternet. Clients range from SMEs to multi-national enterprises and publicsector organisations. The Group's expertise enables clients to advance their useof technology, to reach new levels of effective communication, increasedperformance, sustainability and growth. Headquartered in Lancashire, United Kingdom, the Group is listed on the LondonStock Exchange (AIM: RGO). This information is provided by RNS The company news service from the London Stock Exchange