Trading Statement (3151F)
21 Aprile 2011 - 8:00AM
UK Regulatory
TIDMILI
RNS Number : 3151F
Imagelinx PLC
21 April 2011
IMAGELINX PLC ("The Company")
Trading Update
Imagelinx, (AIM: ILI) the provider of graphic brand management
services announces that following a supplier review undertaken by
one of its significant clients, The Procter & Gamble Company
("P&G"), Imagelinx will cease to supply its services to P&G
by next year. P&G has informed the Company that there will be a
twelve to eighteen month transition period during which time the
P&G current work load will lessen and, as a result, the impact
on the Company's earnings for the year to 31 December 2011 is
expected to be reduced. Although service levels will be maintained
during this transition period, the Company will be seeking to put
in place substantial cost savings to mitigate the effect and
maintain the longer term prospects of the Company.
The Directors of Imagelinx are pleased to report that earnings
in the first quarter of 2011 are ahead of the previous year and are
in line with management expectations for that quarter. Since the
Company announced its annual results on 23 March 2011 it has been
awarded additional brands from an existing customer and this work
will begin in the current quarter.
For further information:
Imagelinx Tel: +44 7771 644 962
Richard Clothier, Chairman Tel: +44 7736 883934
Alistair Rae, Chief Executive
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finnCap Tel: +44 20 7600 1658
Edward Frisby / Rose Herbert
(corporate finance)
Victoria Bates (corporate broking)
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Cadogan PR Tel: +44 20 7839 9260
Alex Walters
Emma Wigan
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www.imagelinx.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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