TIDMILX
RNS Number : 3549W
ILX Group PLC
28 July 2009
ILX GROUP PLC
CTG NEW CLIENT WINS
ILX Group plc ("ILX" or "the Company"), the AIM quoted provider of computer
based business training to both the private and public sectors, announces that
its operating division CTG has won considerable new business in the current
financial year, including several major contracts from its competitors. The new
contracts total in excess of GBP500,000.
The largest contract, which has been won from a competitor, is to train the
graduate intake of a major European investment bank. Revenues from this client
in 2009 are expected to be GBP250,000, the bulk of which will be billed during
August and September.
CTG has also secured a contract, estimated to be worth GBP100,000, with a large
global investment bank for its analyst training programme, which will run
through the Summer.
In addition, CTG is now the trainer of choice to two of the UK's leading private
equity firms. In 2009, CTG will deliver the inaugural graduate programme for
one, whilst the other has again chosen CTG to run its intern and analyst
training courses.
CTG also now delivers public courses for two accounting professional
bodies, with public courses for the ACCA run throughout the year, but
particularly during March/April & October/November. The first course run by CTG
for CIMA was in-house with public courses due to commence in the Autumn.
In a strategically important development, CTG will train the US recruits for the
New York office of one of its key UK based investment banking clients, this
Summer, thereby consolidating CTG's global credentials.
Ken Scott, Chief Executive, ILX Group plc commented:
"Even though the last financial year was tough, both divisions won several new
accounts and ILX increased its market share. CTG, which had a particularly tough
year, is now winning significant new business.
"The market remains very difficult, but the Company is in good shape and
continues to win market share."
28th July 2009
For further information, please contact:
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| ILX Group plc | 020 7751 7100 |
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| Ken Scott, Chief Executive | |
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| | |
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| Arbuthnot Securities Limited | 020 7012 2000 |
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| Tom Griffiths | |
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| | |
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| Lothbury Financial | 020 7011 9411 |
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| Michael Padley / Chris Price | |
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This information is provided by RNS
The company news service from the London Stock Exchange
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