Progility Regulatory News (PGY)

11 Jun 2007 07:00

ILX Group PLC11 June 2007 ILX Group plc First £1m plus training contract for Corporate Training Group ILX Group plc ('ILX'), the AIM quoted business education and training company,announces that its financial training division, Corporate Training Group ('CTG'), will be providing in excess of £1.2 million of training courses for oneof its main investment banking clients during the year ended 31 March 2008.This is the first CTG client to book in excess of £1 million in any one year. The CTG strategy is to work in partnership with its key clients developingrelationships with all parts of the investment banks it serves from M&A teams towealth management. In this way CTG has seen revenues for this particularclient grow from approximately £10,000 to its current level of over £1.2 millionin the past 5 years. The core CTG offering of financial analysis, financial modeling, valuation,financial products and markets has been further developed over the last year asthe company expands into the growing markets of wealth management and privateequity. In this respect, CTG has won business from 4 new wealth managementclients and 7 new private equity clients. On Monday, 25 June ILX will announce its preliminary results for the year ended31 March 2007. Ken Scott, ILX Group Chief Executive said: "We are very pleased with the benefits that CTG brings to the Group,particularly with the current buoyancy in the investment banking trainingmarket. The visibility of CTG's orderbook provides very strong stability for theGroup's earnings. The CTG division is continuing to experience strong growththrough signing up new clients and by extending the training offering that isbeing offered to existing clients." ENDS 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 6457 Mob: 07980 541 893 This information is provided by RNS The company news service from the London Stock Exchange