Progility Regulatory News (PGY)

20 Jul 2007 10:39

ILX Group PLC20 July 2007 ILX Group plc AGM Statement ILX Group plc ('ILX Group, or 'the Company''), the AIM quoted business educationand training specialist, today held its Annual General Meeting at 10:00am at OneLondon Wall, London, EC2Y 5AB. All resolutions were passed. Following the formal proceedings of the AGM, Ken Scott, Chief Executive of ILXGroup plc, made the following statement to shareholders: "I am pleased to confirm that trading at ILX Group has been most encouraging inthe first quarter of 2007/8. The company will benefit this year from a full year's trading of the CorporateTraining Group, and we continue to see strong growth in revenues from thisdivision, including the division's first £1m+ client. The continued strongvisibility of booked revenues for the remainder of the year is very pleasing andgives an additional degree of certainty in relation to the overall earnings ofILX Group for the year. In addition, progress on bringing our first e-learningproduct in this area to market has been excellent. Trading within Best Practice has also been strong; the company recentlyannounced a number of new major contract wins in this division, revenues fromwhich have started to come through. Sales of e-learning products continue toshow like-for-like growth and there are major e-learning opportunities for thedivision later in the year with the launch of a new ITIL v3 accreditation, aswell as changes to the PRINCE2 Practitioner qualification. In particular I am pleased to announce that the former Mount Lane division, nowintegrated into the business and trading as ILX Group, has recently won a large3-year contract with a major agency. This, together with strong pipeline growth,underlines our confidence in the recovery of this area of the business. We are therefore confident in our ability to deliver this year not onlyincreased turnover and profit but also earnings per share growth, in line withmarket expectations." For further information, please contact: ILX Group plc Parkgreen Communications Ltd Charles Stanley SecuritiesKen Scott Paul McManus Philip DaviesTel: 020 7371 4444 Tel: 020 7479 7933 Tel: 020 7149 6000www.ilxgroup.com Mob: 07980 541 893 Editor's Notes ILX Group plc is a leading provider of vocational training to the private andpublic sectors, delivered through Computer Based Training (CBT), e-Learning,instructor-led courses/workshops. ILX Group now trades through two divisions: • Best Practice provides CBT, e-learning, instructor-led training and implementation consultancy principally to the programme and project management, IT service management and business finance markets www.ilxgroup.com • Banking & Finance (through Corporate Training Group) provides instructor-led training, workshops and related services, principally to the investment banking community www.ctguk.com This information is provided by RNS The company news service from the London Stock Exchange