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2 ergo Group plc (MXCP)

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Wednesday 17 September, 2008

2 ergo Group plc

Trading Update

RNS Number : 5857D
2 ergo Group plc
17 September 2008
 



                            

17 September 2008


2ergo Group plc

('2ergo' or 'the Group')


TRADING UPDATE


2ergo, the AIM listed provider of convergent mobile communication solutions, is pleased to report that trading for the year to 31 August 2008 is expected to be marginally ahead of market forecasts when it announces its results in November.


The Board is delighted with the progress the Group has made during the year, remaining highly cash generative and seeing gross margins increase ahead of expectation. Coupled with this, the Group has secured several important contract wins and seen its US business continue to make good progress, and is well on track to make profits in the US during the first quarter of the new financial year.


The Board remains confident in its global organic and acquisition growth strategy, supported by the Group's strong balance sheet and growing cash reserves, and looks forward to the year ahead with confidence.


-ends-


2ergo Group plc

01706 221 777

Neale Graham, Joint CEO


Barry Sharples, Joint CEO



Tavistock Communications 

020 7920 3150

Lulu Bridges/Andrew Dunn



Numis Securities Limited as Nominated Adviser

020 7260 1000

Stuart Skinner



Numis Securities Limited as Broker

020 7260 1000

David Poutney





 Notes to Editors

*

2ergo is a mobile convergence specialist and leading provider of mobile marketing, mobile entertainment and mobile business solutions to the world's most respected brands. 2ergo develops products to help companies create innovative marketing programs, connect with customers, drive additional revenue and build their brands.

*

The Group's clients work across a broad range of sectors and include companies such as O2, Blyk, AT&T, Rightmove, Mastercard, Motorola, Universal Channel and Fox News. 

*

Through industry-leading products and solutions 2ergo improves organisations ability to leverage the power of the mobile channel, delivering results through its knowledge and insight that directly benefit the bottom line. 

*

The Group provides convergent mobile applications, global messaging and payment services, content management and mobile internet solutions.

*

Headquartered in the United Kingdom, the Group is listed on AIM, a market of the London Stock Exchange (AIM: RGO). 

*

The Group's US operations, 2ergo Americas, is headquartered in Arlington, VA.







This information is provided by RNS
The company news service from the London Stock Exchange
 
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