Placing

21 Jun 2006 07:01

Intellego Holdings PLC21 June 2006 21 June 2006 INTELLEGO HOLDINGS PLC ("Intellego" or "the Company") PLACEMENT The Board is pleased to announce that the Company has placed 10,500,000 newOrdinary 0.5p shares at 2p per share to institutional investors. The placement, which was arranged by HB Corporate, the Company's broker, willraise gross proceeds of £210,000. The funds raised are to provide additionalworking capital for the expanding Intellego business. Additionally, theDirectors have indicated their intention to subscribe in aggregate for no lessthan £30,000 in new ordinary shares at no less than 2 p per share (today'splacing price) or the mid market price which ever is the greater within 10 daysof the release of the results for the year ended 31 March 2006. The Company has already this year indicated that there has been a significantchange in pattern of demand from its clients, specifically an emphasis on largerprojects with a greater services component, which has been borne out by itsrecent contract win announcements. Additionally, the Company is pleased thatsales revenue in the first two months of the current financial year is more than100% ahead of the same period last year, although, due to its changing demandpattern it is not appropriate for the directors to project at this stage in theyear that such strong growth can be sustained. Application will be made to the London Stock Exchange for the new Ordinaryshares, which will rank pari passu with the existing shares, to be admitted totrading on AIM. --ENDS-- Enquiries: Intellego Holdings Plc Tel: 0870 428 1250Edward Arnett/Andy Green www.intellego-holdings.com Beaumont Cornish Limited, Nominated Adviser Tel: 020 7628 3396Roland Cornish HB Corporate, Broker Tel: 0207 510 8600Jon Levinson/Edward Hutton NOTES TO EDITORS About Intellego Intellego is a training and support services business providing e-Learningauthoring and learner management solutions. Intellego provides its solutionspredominantly to organisations with large and distributed workforces, wherethere is a commitment to using web-based solutions to modernise and reduce thecost of workforce training. Intellego's authoring solutions are based upon a suite of award-winningprogramming-free software technologies, which are available exclusively in theUK and Ireland from Intellego. Because they are straightforward to learn non-technical staff employed by the user organisation can contribute to coursewaredevelopment, thereby simplifying, saving time and reducing costs in thecourseware development process. Examples of training materials that can be produced using Intellego's solutionsare; e-Learning courses for business applications based upon softwaresimulations, plus training in non IT areas such as; product information and demonstrations, regulatory compliance, internal policies and procedures, companycommunications, new product releases etc. Intellego's solutions also enable theauthoring of skills assessments that establish real-world software competenceand workforce knowledge. Intellego also supplies exclusively in UK and Ireland the NetDimensionsEnterprise Knowledge Platform (EKP) Learning Management System (LMS) a robustand scaleable solution enabling the tracking and distribution of online learningmaterials, the management of all training activity. In a survey conducted byBersin Associates in 2005, of 600 LMS user organisations NetDimensionsdistinguished itself with the highest customer loyalty of any vendor. Intellego addresses all market sectors including local, central government andthe National Health Service, its' clients include; Bolton and WirralMetropolitan Borough Councils, Environment Agency, DHL, Norwich Union, OKI,Xerox and more... Intellego was established in 2002 and admitted to the Alternative InvestmentMarket (AIM) of the London Stock Exchange on 17th December 2004. This information is provided by RNS The company news service from the London Stock Exchange