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Digital Learning Marketplace p (ARGP)

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Tuesday 06 March, 2012

Digital Learning Marketplace p

Digital Learning Marketplace plc : Disposal

Digital Learning Marketplace plc : Disposal

For immediate release             6 March 2012

DIGITAL LEARNING MARKETPLACE PLC
("DLM" or the "Company")

Disposal

The Directors of DLM are delighted to announce that they have sold DLM's UK distribution  rights for the TT Knowledge Force range of simulation software back to TTS Knowledge Solutions Ltd (TTS).  This comprises the business and assets including the goodwill and customer list that were a part of the old Intellego business.  These changes will allow both DLM and TTS to better target their own activities.

The  value of the sale is £127,000 of which £75,000 cash was paid at completion.  For the year ended 31 March 2011, Intellego achieved revenues of approximately £60,000 from the business that has been sold.

The new DLM Bespoke business unit now contains two subsidiaries: Intellego, a cutting edge digital learning company, and PIXELearning, a serious games, mobile apps, and role-play technology company.  Intellego has been radically re-structured by the new management team led by Andy Hasoon.  As part of that overhaul the product portfolio is being replaced and rejuvenated.  

Angus  Forrest, chairman of DLM, commented "Intellego has  worked with TTS for the past seven years and we believe this sale and change in relationship will be a positive move for both parties and enable each party to concentrate on their core strengths."

-ENDS-

For further enquiries please contact:
Digital Learning Marketplace Plc                     Tel: 020 74084720
Angus Forrest / Andy Hasoon

Beaumont Cornish Limited (NOMAD)             Tel: 020 7628 3396
Roland Cornish

Rivington Street Corporate Finance (Broker) Tel: 020 7562 3357
Jon Levinson

Allenby Capital Limited (Broker)                        Tel: 020 332 5656
Nick Naylor / Nick Athanas

Leander (Financial PR)                                      Tel: 07795 168157
Christian Taylor-Wilkinson

NOTES TO EDITORS

About DLM
DLM 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 led, or blended learning a mix of the two, to regulated industries and distributed workforces. DLM (previously Intellego) was founded in 2002 and listed on AIM in December 2004 with the ticker "DLM".




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information contained therein.

Source: Digital Learning Marketplace plc via Thomson Reuters ONE

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