17 Sep 2008 07:00
17 September 2008
2ergo Group plc
("2ergo" or "the Group")
TRADING UPDATE
2ergo, the AIM listed provider of convergent mobile communication solutions, is pleased to report that trading for the year to 31 August 2008 is expected to be marginally ahead of market forecasts when it announces its results in November.
The Board is delighted with the progress the Group has made during the year, remaining highly cash generative and seeing gross margins increase ahead of expectation. Coupled with this, the Group has secured several important contract wins and seen its US business continue to make good progress, and is well on track to make profits in the US during the first quarter of the new financial year.
The Board remains confident in its global organic and acquisition growth strategy, supported by the Group's strong balance sheet and growing cash reserves, and looks forward to the year ahead with confidence.
-ends-
| 2ergo Group plc | 01706 221 777 |
| Neale Graham, Joint CEO | |
| Barry Sharples, Joint CEO | |
| Tavistock Communications | 020 7920 3150 |
| Lulu Bridges/Andrew Dunn | |
| Numis Securities Limited as Nominated Adviser | 020 7260 1000 |
| Stuart Skinner | |
| Numis Securities Limited as Broker | 020 7260 1000 |
| David Poutney |
Notes to Editors
| * | 2ergo is a mobile convergence specialist and leading provider of mobile marketing, mobile entertainment and mobile business solutions to the world's most respected brands. 2ergo develops products to help companies create innovative marketing programs, connect with customers, drive additional revenue and build their brands. |
| * | The Group's clients work across a broad range of sectors and include companies such as O2, Blyk, AT&T, Rightmove, Mastercard, Motorola, Universal Channel and Fox News. |
| * | Through industry-leading products and solutions 2ergo improves organisations ability to leverage the power of the mobile channel, delivering results through its knowledge and insight that directly benefit the bottom line. |
| * | The Group provides convergent mobile applications, global messaging and payment services, content management and mobile internet solutions. |
| * | Headquartered in the United Kingdom, the Group is listed on AIM, a market of the London Stock Exchange (AIM: RGO). |
| * | The Group's US operations, 2ergo Americas, is headquartered in Arlington, VA. |