Stilo Regulatory News (STL)

18 May 2005 12:15

Stilo International PLC18 May 2005 STILO INTERNATIONAL PLC ('Stilo' or the 'Company') AGM Statement18th May 2005 At today's annual general meeting, Barry Welck, Chairman, stated: 'The Company's performance for the year to date is in line with expectations,with gathering momentum in sales of product and services. The Company hascontinued to develop its customer base with new software orders received thisyear from the Italian Parliament, Snecma (France), and the US Air Force, andservice contract orders from Boeing and Hewlett Packard. The company hasbenefited from improved focus on delivering content engineering solutionsfollowing the re-organisation of the Company at the end of 2004. Operating costshave also been further reduced. The Company is also pleased to announce its first contract for CF2, Stilo'scontent framework product, from a major publishing company. The contract, with avalue of approximately £170,000, is expected to commence this month, and becompleted in 2005. The Company remains well positioned to exploit the market for contentengineering solutions, and to deliver ongoing growth in profits. The Boardcontinues to explore wider opportunities for the Company including acquisition,merger or with trade partners.' All resolutions put to the meeting were duly passed. Enquiries: Les Burnham, Chief Executive, Stilo International plc 01793 441444 Russell Cook, Charles Stanley & Co. Limited 020 7953 2000 Ian Seaton, Bankside Consultants Limited 020 7444 4157 This information is provided by RNS The company news service from the London Stock Exchange