Strong First Half Trading Expected
June 10 2009 - 2:00AM
UK Regulatory
TIDMIEN
RNS Number : 6379T
Intelligent Environments Group PLC
10 June 2009
IEN.L
AGM Statement
Strong First Half Trading Expected
Intelligent Environments Group plc (AIM Ticker: IEN), the online software
provider for financial services, is holding its Annual General Meeting today at
which the Chairman, Clive Richards, will make the following statement:-
"In our annual results announcement for 2008, I stated that we entered 2009
positively as a result of our market leading V4 product offering and the buoyant
market conditions in retail savings. I am pleased to report that trading in the
current year to date has been robust with the financial services sector
increasingly using the Internet as a medium to secure new clients and service
both these and existing accounts.
As a result, we have experienced strong demand from new and existing customers
to launch platforms to attract and retain retail deposits online. I am delighted
that Stroud and Swindon Building Society have chosen us for such a project. This
takes to 3 the number of customers using our NetFinance4 savings platform.
The other key market that is experiencing strong growth is consumer finance,
where financial institutions are accelerating the move away from paper based
statements to online account servicing and E-statements. Due to this increasing
trend, a number of our existing customers have placed significant orders to
expand their market offering and I am delighted that a major store card provider
has chosen our NetFinance4 cards platform for their move into Internet self
servicing.
Our strategy to develop a long term recurring revenue base has been very
successful to date with customers increasingly signing up to a transactional
based revenue model and this gives me confidence that 2009 will be another year
of sustainable progress."
For further information:
+-----------------------------------------------+------------------------------+
| Intelligent Environments Group plc | Tel: 020 8614 9800 |
| Phillip Blundell, Chief Executive | |
| www.ie.com | |
+-----------------------------------------------+------------------------------+
| | Tel: 020 7600 1658 |
| FinnCap | |
| Charles Cunningham, NOMAD and Broker | |
+-----------------------------------------------+------------------------------+
| Biddicks | Tel: 020 7448 1000 |
| Shane Dolan | |
+-----------------------------------------------+------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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