FOR IMMEDIATE RELEASE
3 November 2009
Intellego Holdings plc
("Intellego" or "the Company")
Trading statement
Intellego, the AIM traded eLearning and compliance courseware
solutions business, today provides the following trading statement
for the first half of the year together with prospects for the second
half.
H1
Half year to 30 September - trading in the first half was impacted by
the time taken to complete negotiations and sign larger orders, in
some cases it has taken more than four months. This has resulted in
sales in the first half being lower than last year approximately
£850,000 (2008: £1,100,000) and in a higher loss than anticipated.
Prospects for H2
Last month we reported a significant contract win which, the
Directors believe, combined with the factors outlined below should
enable the Company to recover the H1 sales in the second half; and
for the year to show overall sales growth albeit at a slower rate
than previous periods.
Securing other orders delayed from H1,
Strong sales prospect pipeline and results from the improvements we
have been making to our sales and marketing, referred to in the AGM
statement, and
Increased recurring revenues,
Angus Forrest, Chairman of Intellego Holdings, commented:
"The first half was challenging but we have started the second half
with several significant new contract wins, including that of BPP,
and remain confident about the Company's future prospects."
It is anticipated that the interims will be published at the end of
November.
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Intellego Holdings
plc Tel:
0845 0583960
Angus Forrest / Ranjit Roy Choudhuri
Beaumont Cornish Limited
Tel: 020 7628 3396
Roland Cornish
Bishopsgate Communications Limited Tel:
020 7562 3350
Maxine Barnes / Robyn Samuelson / Siobhra Murphy
intellego@bishopsgatecommunications.com
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