Pre Close Trading Statement

31 Jan 2008 14:09

Interactive Prospect TargetingHdgs31 January 2008 Press Release 31 January 2008 Interactive Prospect Targeting Holdings Plc ("IPT" / the "Company") Pre Close Trading Statement Interactive Prospect Targeting Holdings Plc (AIM:IPH), one of Europe's leadingonline direct marketing companies, today announces a trading update for the yearending 31 December 2007. Following the Trading update issued on 18 December 2007, the Directors confirmthat revenues for the year ended 31 December 2007 are in line with marketexpectations. As previously reported, the French operations, which include theacquired businesses Directinet and NP6, have maintained a clear course of stronggrowth. The second half of 2007 is expected to produce record revenue in theCompany's UK operations; however the Group's operating expenses are now expectedto be higher than anticipated at the time of the last trading statement. Halfof this increase relates to a more prudent approach to debtor provisioning,non-cash items, relocation costs and costs relating to the ongoing discussionsmentioned below. The balance of the items relate to unaccrued sales commissionsand other miscellaneous items. IPT will announce its preliminary results on 31 March 2008. As per the Trading update on the 18 December 2007 the Group remains indiscussions with a number of parties which may or may not lead to an offer forthe Company. However the Board reiterates that there is no certainty as to theoutcome of these discussion or the timing thereof. The Company will updateshareholders as matters progress. Commenting, Lionel Thain, Chief Executive Officer, said: "as a Board we areextremely disappointed to be notifying shareholders of a further reduction inoperating profit. 2007 has been a challenging year on a number of fronts whichhas resulted in us reorganising a number of parts of the business to refocus andstrengthen our operations." - Ends - For further information:IPT Holdings plcLionel Thain, Chief Executive Officer Tel: +44 (0) 20 7932 4101 Canaccord AdamsMark Williams, Corporate Finance Tel: +44 (0) 20 7050 6500mark.williams@canaccordadams.com www.canaccordadams.com Media enquiries:AbchurchCharlie Jack / Jack Ballantyne Tel: +44 (0) 20 7398 7700charlie.jack@abchurch-group.com www.abchurch-group.com This information is provided by RNS The company news service from the London Stock Exchange