MXCP.L Regulatory News (MXCP)

22 Aug 2007 07:00

2 ergo Group plc22 August 2007 Embargoed until 07:00 22 August 2007 2ergo Group plc ("2ergo" or "the Group") TRADING UPDATE 2ergo, the AIM listed provider of convergent mobile communication solutions, ispleased to report that trading for the year to 31 August 2007 is expected to beahead of market forecasts when it announces its results in November. This positive news follows a strong set of interim results which were temperedwith a cautious statement relating to the general industry conditions at thattime. Neale Graham, Joint CEO 2ergo Group plc, comments: "Our previous concerns overthe wider impact of press coverage surrounding high profile interactivetelevision services on consumer confidence now appear to have been overcautious. Trade in all areas of the Group are continuing to develop strongly and2ergo's new business pipeline in the UK, US and Latin America remains veryhealthy. We anticipate announcing some significant contract wins over the comingweeks." In addition, the Board is pleased to report that the launch of the Group's new'Interactive Media Solutions' division is gathering momentum, and is well placedto capitalise on the rapid growth in demand from major brands, and marketingagencies, for Mobile Marketing and Advertising solutions. This global market isexpected to grow from $3 billion this year to $19 billion by 2011 (Source: ABIResearch, May 2007). Testament to the Group's technical capabilities, the Board is delighted toreport that 2ergo has recently received an Innovation award from Vodafone inrecognition of the work carried out to develop the new mobile internet site forRightmove. Since launching in June 2007, the use of Rightmove's mobile portalhas exceeded all expectations for the number of visitors and usage. Through 2ergo's innovative and unparalleled approach, combined with anuncompromising drive for results, throughout all areas of the business, theBoard looks forward to enjoying continued growth over the coming months andyears ahead. -Ends- For further information, please contact: 2ergo Group plc 01706 221 777Neale Graham, Joint Managing DirectorBarry Sharples, Joint Managing Director Tavistock Communications 020 7920 3150Andrew Dunn / Lulu Bridges Numis Securities Limited 020 7260 1000David Poutney / Stuart Skinner Notes to Editors About 2ergo 2ergo is a leading provider of interactive and multi-channel communicationssolutions using mobile technologies, fixed-line telecommunications and theInternet. Powered by the Group's Multiserve Platform, 2ergo delivers solutionsand services to many sectors of industry, with clients that range from SMEs tomulti-national enterprises, to public sector organisations. The Group'sexpertise enables organisations to advance their use of technology, to switch onnew revenues, optimise business processes and open up new marketing channels. Headquartered in Lancashire, United Kingdom, the Group is listed on AIM, amarket of the London Stock Exchange (AIM: RGO). This information is provided by RNS The company news service from the London Stock Exchange