19 May 2011 11:39
Stilo International plc (the "Company" or "Stilo")
AGM Statement
The Company continues to make good progress in 2011.
Significant orders for OmniMark software have been received from the Japan Patent Office, EADS CASA and the European Parliament. Our Migrate DITA online conversion service is now being successfully used in production by IBM following extensive trials in 2010 and is anticipated to be more widely adopted throughout IBM in the course of 2011. The growth in the sales pipeline for prospective new customers of our SAP®-certified Product Change Impact Analysis software is very encouraging.
Major new software releases are scheduled for later in 2011, including OmniMark v10 and a much enhanced Migrate EPUB conversion service, improving the quality and turnaround times generally associated with the rapidly expanding market for eBook production. We are actively engaged in an increased level of marketing activities, pursuing new business opportunities in both Europe and North America.
Our cash position has steadily improved to £704,000 as at the end of April 2011 (31 December 2010: £494,000).
Finally, the Board is pleased to confirm that all resolutions put to shareholders at the Company's Annual General Meeting, held earlier today, were duly passed.
19 May 2011
Enquiries:
Stilo International plc 01793 441444
Les Burnham, Chief Executive
Charles Stanley Securities 020 7149 6000
Nominated Adviser
Russell Cook / Carl Holmes