13 Sep 2010 07:00
imJack plc
("imjack" or "the Company")
AGM Statement
imJack gives a trading update ahead of its 2010 Annual General Meeting which will take place today at 11.00 a.m at 57 Cardigan Lane, Leeds, LS4 2LE .
Further to the announcement made by the Company on June 10th 2010 regarding the withdrawal of funding by the coalition government for matched funding for schools taking the imJack platform, the Company has been forced to rethink and redevelop its business model. Despite the withdrawal in matched government funding, the Company started selling the imJack platform direct to schools in June and has been encouraged by the amounts invoiced up to the beginning of the school holidays in mid-July. The Company has also introduced a further revenue stream through attracting businesses both large and small to become sponsors of the schools to assist them to take the imJack platform and to help the students with their career choices. Since the beginning of the school holidays in mid-July, activity has been limited but sales have now resumed following the start of the new school term and the Directors consider that the Company's product offering is being well received.
The Company intends to further update the market on progress within the next six weeks.
For further information, please contact:
imJack plc
Michael Abrahams, Chairman Tel: 01653 618016
Daniel Stewart & Company plc Tel: 0207 7776 6550
Emma Earl or Paul Shackleton
Rawlings Financial PR Ltd Tel: 01653 618016
Catriona Valentine
IMJ.L (IMJ)