Trading Statement

25 Jul 2006 07:00

Dillistone Group PLC25 July 2006 Dillistone Group Plc, provider of software and ancillary services to theexecutive recruitment industry, which floated on AIM on 15 June 2006, will beannouncing its first interim results for the 6 months to 30 June 2006 on 28September 2006. Trading Trading in the first 6 months of the year has continued to be strong, and in theabsence of unforeseen circumstances, the Directors are confident of achievingmarket expectations for the year as a whole. The group has continued, since theflotation, to be both profitable and cash generative, and has decided to extendits offering to its clients by establishing a leasing operation, which willlease the Group's "Filefinder" application to clients. It is expected that thisnew service will attract additional clients, and enhance both sales andperformance in the coming years. The leasing operation will be established inthe second half of 2006. Renewals Support renewals in June 2006, for the year to 30 June 2007 have been ahead ofbudget, and the increase in revenue arising from these renewals will reflect inthe results in the second half of 2006, and the first half of 2007. The level ofsupport renewals reflect the higher than budgeted levels of sales being achievedby the Group. Order intake for the Group's "Filefinder" application continuesto be strong. Relocation The Group's head office will be relocating to 50-52 Paul Street, London EC2A 4LBin August 2006. The new offices are conveniently located near to the existingoffice, and significantly improve the working environment for our staff. The costs of the move are expected to be in the order of £140,000 - £160,000,the vast majority of which will be capital expenditure, and will be met from thecash resources of the Group. Enquiries: Jason Starr - Managing Director Dillistone Group Plc - 0207 749 6100 Jim McLaughlin - Chairman & Finance Director - 01934 710 509 Emily Morgan - Rowan Dartington & Co. Limited 0117 933 0020 Barrie Newton - Rowan Dartington & Co. Limited 0117 933 0010 This information is provided by RNS The company news service from the London Stock Exchange