Trading Statement

24 Apr 2007 12:30

Cheerful Scout PLC24 April 2007 Cheerful Scout plc ("Cheerful" or "the Company") Update on Trading Cheerful Scout plc, the AIM-traded corporate creative consultants, announces anupdate on trading for the year ended 30 June 2007. Targeting of higher margined projects in tandem with slower than expectedtrading in the second half caused by the delay in securing two materialcontracts, will result in lower total revenues than projected for the year ended30 June 2007. There has also been an increase in fixed costs due to therecruitment of key personnel. Accordingly, total revenues for the year are nowexpected to be in the region of £1.9m (FY06: £2.17m) and lower pre-tax profits. The Board will provide a further update on trading in due course. * * ENDS * * For further information visit www.cheerfulscout.com or contact: Mark Percy/ Liam O'Donoghue Seymour Pierce Tel: 020 7107 8000Gary Fitzpatrick Cheerful Scout Tel: 020 7291 0444Isabel Crossley St Brides Media Tel: 020 7242 4477 This information is provided by RNS The company news service from the London Stock Exchange