August 28, 2008
eg solutions plc (“eg solutions” or “the Company”; LSE-AIM: EGS), the business software application vendor, is pleased to issue an update on trading for the six months ended 31 July 2008.
In an update statement issued at our Annual General Meeting on 17 June 2008, we reported that trading in the current financial year had been positive. This trend continued for the remainder of the period.
Our interim results are expected to show growth in revenue in line with market expectations to approximately £2.3 million (H1 2007: £2.07 million), with the cost savings implemented throughout 2007 resulting in improved profitability.
The Company has made solid progress in achieving the turnaround promised to Shareholders. We remain committed to this strategy for the second half of the current financial year and beyond.
eg solutions is also pleased to announce that another Proof of Concept project has been signed since the period-end with a major short-term assurer in South Africa where there is the potential for up to 1,000 users of the Company’s software. This contract win demonstrates continued expansion within the territory.
Announcement of results for the 6 months ended 31 July 2008
The results for the 6 months ended 31 July 2008 are expected to be announced on Wednesday 24 September 2008.
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CONTACTS
eg solutions plc
Elizabeth Gooch, Chief Executive Officer
Violetta Parylo, Finance Director
Tel +44 (0) 1785 715772
Bankside
Steve Liebmann, Simon Bloomfield or Andy Harris
Tel +44 (0) 207 367 8888
Brewin Dolphin Ltd (Nominated Adviser)
Richard Evans, Director Corporate Finance
Tel +44 (0) 845 213 4853
