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Intellego (ARGP)

  Print      Mail a friend       Annual reports

Monday 26 September, 2011


AGM Statement

For immediate release
7am on 26 September 2011

                             INTELLEGO HOLDINGS PLC
                         ('Intellego' or 'the Company')
                      AGM Statement 2011 and Board Changes

The Annual General Meeting of Intellego Holdings plc, the AIM traded must have
digital learning business, will be held today.  At the Meeting the Chairman,
Angus Forrest, will make the following statement:

"I am pleased to update you on the Company's progress.  The previously announced
plan to increase the emphasis on owning and creating its own intellectual
property has advanced with the acquisition of PIXELearning Ltd (Pixel) in May
2011.  The aim is to raise gross margins and generate more revenues and
recurring income.  In the past four months the balance sheet has been
strengthened as a result of injections of capital and the administration of
Intellego Group Ltd.

Board Changes

The critical feature of any business is its management, and today we announce a
number of changes.

Through the acquisition of Pixel, we were joined by Andy Hasoon who has 19
years' experience of the learning industry and who will take on the role of CEO
with immediate effect.  Andy Hasoon said "I am looking forward to growing sales,
focusing investment in marketing, developing distribution channels and
strengthening our sales force in order to expand the customer base and increase
the sales per customer.  In addition to seeking expanding our product portfolio,
we have been evaluating several other acquisitions and expect to make
announcements in the next quarter."

Other changes are as follows:

Bruce Leith reverts to his role as non-executive Director.

Robert Murphy has resigned as Finance Director and Company Secretary to pursue
his other business interests.  The Board of Intellego thanks Robert for his
contribution to the Company over the past two years during the transition stage
as Intellego evolves from a distributor to a publisher and for the notable
achievement of substantially improving the balance sheet.   The interim Finance
Director, a non-Board appointment, is Derek Watson FCA.

I remain as Chairman.

Business update

The business is being developed through three complementary services:
1.  Gap analysis tools and content delivery systems
2.  Learning Content
3.  Assessment tools

Pixel has been fully integrated creating new opportunities to incorporate the
latest in serious games functionality into our product offerings.

Whilst we are creating an increasing number of high value opportunities, the
general economic uncertainty has caused delays in customer decisions and sales
have been lower than anticipated.


The main emphasis is on growing sales and we are focussing investment in
marketing, developing distribution channels and strengthening our sales force in
order to expand the customer base and increase the sales per customer.

In addition to seeking complementary library acquisitions, we have been
evaluating several other acquisitions and expect to make announcements in the
next quarter."


For further information:

Intellego Holdings plc
Angus Forrest
020 8977 8744

Beaumont Cornish Limited
Roland Cornish
020 7628 3396

Rivington Street Corporate Finance
Jon Levinson
020 7562 3357

Allenby Capital Limited
Nick Naylor / Nick Athanas
0203 328 5656


About Intellego

Intellego  is a digital  learning company which  specialises in the provision of
productivity   improvement,  compliance  and process  change  using training  to
provide  the solutions.   The appropriate  solution may  be digital  learning or
instructor  lead, or blended learning a mix  of the two, to regulated industries
and distributed workforces.

This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
Source: Intellego via Thomson Reuters ONE



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