23 Sep 2009 07:00
ILX GROUP PLC
Latin American Contract Win
ILX Group plc ("ILX" or "the Company"), the AIM quoted provider of e-learning software and business training to both the private and public sectors, announces that it has been awarded a new contract with the Ministry of Economy in Mexico. The contract has been secured by ILX's reseller network and has a value to ILX of $180,000.
The contract is part of a major project to build 1,000 Learning Centres around Mexico offering subsidised e-learning training to individuals and SMEs. Approximately 20 of these centres are already active and the ILX courses are being used. The contract provides for the use of 5 of ILX's e-learning finance courses, initially. It is envisaged that once the project is fully operational a further 5 courses will be added. The courses have been translated into Spanish and localised for Mexico as part of an earlier project.
This 10 course curriculum is currently accredited by the UK Chartered Management Institute as well as being used by top European business schools at MBA level, including IMD, HEC and EM Lyon.
Discussions are taking place with several other South American countries regarding rolling out the Mexican model and ILX is at an advanced stage with one other government in particular.
Ken Scott, Chief Executive, ILX Group plc, commented:
"This is an excellent contract win which should enable us to expand the offer into other countries in Central and South America. The model allows us to offer top quality training at a very reasonable price.
"The investment in the Learning Centres helps countries overcome the lack of available IT equipment whilst we are utilising existing software to continue our overseas expansion."
23rd September 2009
For further information, please contact:
| ILX Group plc | 020 7751 7100 |
| Ken Scott, Chief Executive | |
| Arbuthnot Securities Limited | 020 7012 2000 |
| Tom Griffiths | |
| Lothbury Financial | 020 7011 9411 |
| Michael Padley / Chris Price |