June 25, 2007
eg solutions plc, the IT software & services company, will today hold its second Annual General Meeting as a public company, at which Rodney Baker-Bates, Chairman, will make the following statement:
“Following the disappointing outturn to the 2007 financial year, which ended in January, the current year is one of operational transition, margin recovery and improvements in profitability.
“As a result of a strategic review, our cost base has been cut and we are making steady progress in strengthening the fundamentals of our business. As we stated in our Annual Report, our actions will take some time to deliver visible results. We expect the second half will be the stronger of the year.
“We are pleased to report that we have recently secured a significant contract win with Standard Bank – South Africa’s leading financial services company. In the UK we are extending relationships with existing clients and our strategy of undertaking pilot studies is delivering results.
“I am also pleased to announce the appointment of Paul Bird as Finance Director & Company Secretary who will join us from 3 September 2007.” (See separate announcement).
Enquiries
eg solutions plc
Elizabeth Gooch, Chief Executive Officer
+ 44 (0) 1785 715772
College Hill
Carl Franklin/Ben Way
+44 (0) 20 7457 2020
Brewin Dolphin Securities (Nominated Adviser)
Richard Evans
+44 (0) 845 270 8602
