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7 December 2009

Invu plc

Trading Update

Invu plc (LSE, AIM: INVU) ('the Company') announces that since it reported its interim results on 15th October 2009 it has began to see some signs of improvement following the restructurings made earlier in the year however the prevailing tough economic conditions have slowed its return to profitability.  

The Board now expects revenues for the second half of the current financial year to be below its expectations and as a result has decided to reduce the Company's operating overheads in order to ensure the business is EBITDA breakeven at around £2.8 million of revenue per annum.

The costs related to this business realignment, which will include a significant reduction in employees, are expected to be approximately £0.1 million and will be incurred in the fourth quarter of the current financial year ending 31 January 2010. 

As announced on 15 October 2009, the Board had agreed in principle to a new £1.5 million financing facility. To date the Company has received a total of £1.0 million in bridge funding to cover its cash requirements prior to the completion of negotiations for this new facility.

The Board believes that the combination of this right-sizing of the business and the new financing facilities will improve the Company's position allowing it to return to EBITDA breakeven by the end of the second half of the next financial year and ensure that the business is well positioned to grow profitably thereafter.

For further information please contact:

Invu plc	020 7665 8900
Daniel Goldman, Non Executive Chairman
Colin Gallick, CEO
Ian Smith, CFO
Canaccord Adams	020 7050 6500
Simon Bridges
Financial Dynamics	020 7831 3113
Juliet Clarke / Haya Herbert-Burns/ Emma Appleton

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