Stratmin Global Resources Regulatory News (STGR)

16 Jul 2007 07:00

Interactive Prospect TargetingHdgs16 July 2007 Press Release 16 July 2007 Interactive Prospect Targeting Holdings Plc ("IPT" or "the Group") Pre-Close Trading Statement Interactive Prospect Targeting Holdings plc (AIM: IPH), Europe's largest directonline marketing group, today announces a trading update for the half-yearending 30 June 2007. The Directors expect revenues for the half-year ended 30 June 2007 to be in theregion of £15m (2006: £9.8m) with EBITDA in the region of £1.9m (2006: £2.5m). As the Group announced on 27 March 2007 the first half of the current financialyear has been negatively impacted by a sales execution problem. This problemwas technology related and resulted from product delivery issues with onespecific internet based e-mail service provider. Following a number of activesteps taken by management, IPT has recovered from this specific issue and hassubsequently significantly strengthened its technology and operationalprocesses. Trading levels have improved during the period since March culminating in astrong performance in June. Furthermore, Directinet performed well and theexciting acquisition of NP6 will further strengthen the Group's position inFrance. IPT will announce its Interim Results on 27 September 2007. Commenting, Lionel Thain, Chief Executive Officer, said: "As a result of thechanges made since February, IPT now believes it is better equipped than everbefore to achieve its objectives in an ever changing operational environment.Demand has remained strong for IPT's products and I remain confident of theoutcome for the year." - Ends - For further information:IPT Holdings plcLionel Thain, Chief Executive Tel: +44 (0) 20 7932 4101lionel@ipt-ltd.co.uk www.ipt-ltd.com Canaccord AdamsMark Williams, Corporate Finance Tel: +44 (0) 20 7050 6500mark.williams@canaccordadams.com www.canaccordadams.com Media enquiries:AbchurchCharlie Jack/ Franziska Boehnke Tel: +44 (0) 20 7398 7700franziska.boehnke@abchurch-group.com www.abchurch-group.com Notes to Editors Interactive Prospect Targeting Holdings Plc is Europe's largest online directmarketing group. The Group has developed the leading database of its kind,distributing customer information to over 1,000 clients in the UK and France,the top two European spenders on direct marketing. IPT is split into four main divisions: customer acquisition; data rental;outsourced online data management and online market research. These divisionscombine to make IPT a full service provider. The Group hosts several datagathering websites including the flagship site, "MyOffers.co.uk." Founded in 1999, IPT has delivered year on year profitable growth, and inDecember 2004 the Group listed on the AIM market of the London Stock Exchange.The Group is headquartered in London and employs 250 people, still retainingmembers of its highly experienced management team since its conception. The online direct marketing sector has grown from a £24m market in 2003 to a£265m market in 2006. Further information on the Company is available at www.iptholdings.co.uk This information is provided by RNS The company news service from the London Stock Exchange