Progility Regulatory News (PGY)

11 Jan 2007 07:00

ILX Group PLC11 January 2007 ILX Group plc Trading Update ILX Group plc ('ILX Group'), the AIM quoted vocational education and trainingcompany, made the following statement regarding third quarter trading: "We are pleased to report that trading in the third quarter has been encouragingand that the integration of Corporate Training Group, acquired in July 2006, hasgone extremely well. The Board remains confident in meeting market expectationsfor the year ending 31 March 2007. Over the last three months we have sold training products and services acrossthe Group to approximately 700 customers including the Danish Defence, HiltonInternational, Cable & Wireless, Anite Public Sector, MOD, Barclays Capital,Citigroup, HSBC, NM Rothchild, Credit Suisse, and Home Office plus many otherprivate sector and public sector organisations. In addition, ILX Group has recently been awarded a new Long Term Agreement withthe United Nations Development Programme (UNDP) to which it has providedconsultancy and training support over the last three years. This agreementcements the relationship with the UNDP and allows ILX to compete for futurecontracts without the need to put the contract out for tender. The full value of this agreement is not yet clear but it puts ILX in a strongposition to compete for contracts across the 149 different nation states wherethe UNDP is active. Ken Scott, Chief Executive said, "The benefits of Corporate Training Groupcontinue to be felt as the market for investment banking training remainsbuoyant. Opportunities are now in place for CTG with training booked in the FarEast and in India for 2008. We are currently examining ways of furtherexploiting these exciting new markets. Overall, we are pleased with our progressto date and with the final quarter of the year yet to come, traditionally thehighlight for the Best Practice Division, we remain confident that our year endwill be in line with expectations." 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 7851 7480 Tel: 020 7149 6457 Mob: 07980 541 893 This information is provided by RNS The company news service from the London Stock Exchange