FOR IMMEDIATE RELEASE 30 September 2010
Intellego Holdings plc
("Intellego" or "the Company")
At the Annual General Meeting (AGM) of Intellego, the training company
specialising in the retail, pharmaceutical and financial service industries, to
be held at 10.00am today the Chairman, Angus Forrest will say:
"Intellego is progressing ahead of the plans previously reported in the
strategic review and annual accounts as sales and importantly gross margin are
increasing whilst overheads have been reduced and are continuing to decrease.
The Company has developed additional new published product ranges which are
attracting interest: Compliance e-learning: a range of products, including Data
Protection Training & Anti-Money Laundering, typically applicable to a wide
range of organisations.
A new business unit has been set-up to exploit these published products, run by
an experienced manager it is expected that the new unit will be the Company's
major engine for growth. As most of the sales growth will be in products
developed by the Company and incorporate Intellego's IP this should benefit
gross margins and capital values.
This is the final day of the first half of the Company's year and I am
optimistic that the progress made will be reflected in the interim accounts,
further that the results for the second half year will show further
For further information:
Intellego Holdings plc
Tel: 020 8977 8744
Beaumont Cornish Limited
Tel: 020 7628 3396
NOTES TO EDITORS
Intellego specialises in the provision of productivity improvement,
compliance and process change using training to provide the solutions.
The training most appropriate may be elearning or instructor lead, or
blended learning a mix of the two, to regulated industries and distributed
workforces. Focus areas include published and custom e-learning and training for
Retail, Pharmaceutical and Healthcare Industries and Financial services
particularly courses for the CII Exams: a range of tools to train candidates to
pass Chartered Insurance Institute "level 4" exams compulsory under the FSA-led
"Retail Distribution Review".
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Source: Intellego via Thomson Reuters ONE