NVU Invu

RNS Number:4518C
INVU, Inc. (S)
20 August 2007

20 August 2007

                                    Invu Inc

                                 Trading Update



Invu Inc ("Invu" or the "Company") (LSE, AIM, Symbol; NVUK), the document
management software provider, announces a trading update for the first half of
the financial year.



Invu received a high level of orders during the first half of the year. The
Group experienced delays in installing new sites due to technical issues with
certain recently released components of its Series 6 product. End user and
partner requirements in terms of functionality and integration meant that a
number of additional service packs were required in order to satisfy a
significant number of more sophisticated end user sites. To address the
technical issues management has reviewed all of its development and product
release procedures, hired an interim Chief Technical Officer, a number of new
developers and a Head of Product Delivery. Some of these costs will require
amortisation under IFRS accounting.



As a consequence of the technical issues, significantly higher than usual
revenue provisions have been made and while Invu's Interim results will show a
lower growth rate in reported revenues compared to the previous year, current
trading reflects the fact that these issues have been resolved. Invu now has a
record order book for the second half of the year and management is confident
that the revenue provisions will be reversed and sales for the full year will be
in line with expectations.



As announced in June this year, the group is incurring additional costs
associated with the proposed group reorganisation and further investment in
product development and sales and marketing to accelerate future growth of the
Company. The consequence of the additional costs relating to the reorganisation
will be a reduction in bottom line profitability for both the interim and the
full year results.



As previously announced, while the Company seeks to replace its dual share
structure with one line of stock it has been required to resume its SEC (United
States Securities and Exchange Commission) reporting obligations. This includes
the requirement to file an annual report on Form 10-K with the SEC for the
financial year ended 31 January 2007, and current reports and quarterly reports
and filings, on Forms 8-K and 10-Q, respectively. These additional US
requirements have compelled the Company to provide US GAAP financial statements
for the last three years and to undergo an independent US audit for each of
those years. Furthermore, all quarterly reports will require an independent
review by our US auditors and all filings must also be reviewed by our US
lawyers prior to filing with the SEC. The burden of this reporting will result
in additional audit and legal fees until the group reorganisation is completed.



Due to these additional procedural requirements, the Company expects to report
its Interim results on 24th September 2007.



Commenting, David Morgan, Chief Executive of Invu Inc., said:



 "Despite the unexpected technical problems which we experienced within certain
elements of Series 6, I am delighted to report that these have been addressed
and furthermore, that we have retained all our customers.  As a result of these
delays the pipeline for the second half of the year is looking strong.



"We have also reported an increase in costs due to a return to SEC reporting.
Although these will impact the bottom line in the short term, shareholders will
benefit from improved liquidity and transparency in the Company's shares and as
a result we look forward to trading with one line of stock in the future."



                                     -ends-


Invu, Inc.                                              01604 859893
David Morgan, CEO
John Agostini, FD

Financial Dynamics                                      020 7831 3113
Hannah Sloane





About Invu



Invu (LSE, AIM, Symbol; NVUK) develops, markets and sells software (under the
brand name of Invu) for the electronic management of all types of information
and documents, such as forms, correspondence, literature, faxes, e-mail,
technical drawings, electronic files and web pages. Invu targets the
small-to-medium size enterprise ('SME') market and individual departments of
larger organisations with a range of products which the Directors believe
strongly adhere to Invu's brand values of ease of use, high quality and price
performance. Founded in 1997 and based in Northampton, Invu has 56 employees and
operates in the UK, Ireland, The Netherlands, South East Asia, Australia, the
United States of America and Nigeria. Invu's products have been sold to over
3,000 customers, representing approximately 60,000 licensed users. Invu has a
proven reseller business model and has established a network of more than 130
Value Added Resellers, 10 of which are in Benelux.



Invu is a Microsoft Gold Certified Partner and a member of the Business
Application Software Developers Association (BASDA). Its version 5.4 and Series
6 software have been accredited by the Institute of Chartered Accountants in
England & Wales (ICAEW). In January 2006 Invu became the first EDM ISV to join
SAP's portfolio and is certified for integration with SAP Business One. In
September 2006, the Invu Series 6 product was selected by Sage to be marketed by
them into the Professional Adviser market in the UK.



For further information on how Invu can benefit your business, please contact us
on +44(0)1604 859893, or email us at info@invu.net. Alternatively visit our
website at www.invu.net.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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