TIDMILI

RNS Number : 8868V

Imagelinx PLC

20 January 2012

IMAGELINX PLC

Trading Update

Imagelinx Plc ("Imagelinx" or the "Company") (AIM: ILI) the provider of graphic brand management services, is pleased to confirm that it expects that both EBITDA and operating profit before exceptional items and goodwill for the year to 31 December 2011 will be close to market forecasts. This is despite the difficulties in disengaging from its business in the USA. Revenue has been maintained in line with market forecasts and the Company has been able to reduce operating costs quickly over the second half of 2011, to match the reduction in revenue. After depreciation, amortisation and interest costs, including an annual charge of GBP0.24m for amortisation of intangibles, the Company expects to report a small profit before tax and exceptional costs.

The Company had a net cash balance in excess of GBP500,000 and ahead of market forecasts at the end of the year, following an anticipated charge for exceptional costs, mainly relating to disengaging from its US business, of approximately GBP0.4m, of which GBP0.3m was cash and most of this was paid before the year-end.

Prospects for 2012 have been improved by positive developments in sales in the last quarter of 2011. New business which had been won at the end of 2010 began to generate revenue and three new clients or brands were won. These are an additional major brand for an existing client, a client for whom the Company previously carried out consulting work, and a major European food producer.

It is expected that final results will be announced at the end of February.

For further information contact:

 
 Imagelinx 
  Alistair Rae, Chief Executive     Tel: +44 7736 883934 
  Allan Whalley, Interim Finance    Tel: +44 7764 242024 
  Director 
 finnCap 
  Edward Frisby / Rose Herbert      Tel: +44 20 7220 
  (corporate finance)               0500 
  Victoria Bates (corporate 
  broking) 
 
 Cadogan PR 
  Alex Walters                      Tel: +44 20 7839 
  Emma Wigan                        9260

This information is provided by RNS

The company news service from the London Stock Exchange

END

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