TSE Touchstone Grp

RNS Number:7252H
Touchstone Group PLC
16 August 2006

Date:                      16 August 2006
On behalf of:              Touchstone Group plc ("Touchstone" or the "Group")
                           For immediate release


Touchstone Group plc

AGM and Trading Update


Touchstone Group plc, the AIM-listed provider of business software solutions and
consultancy services, announces that at the AGM held today at 11 a.m. all
resolutions were duly passed.


The Chairman, David Thompson, gave the following update on Group trading:



"I am pleased to report that the new financial year has started well. Turnover
in the first 4 months has increased by nearly 38% compared to the same period
last year, with fee-based revenues increasing by over 75%.



Operating profits also show a healthy increase albeit the salary costs
associated with recent acquisitions and the active recruitment of additional
staff will continue to restrain overall margin levels.  With all Group
subsidiaries continuing to experience good demand, headcount is expected to
increase in future periods, the costs of which will naturally precede potential
revenues.



The Group was recently admitted to Microsoft's prestigious Inner Circle for the
5th successive year and also confirmed as Microsoft's largest overall business
solution partner in the UK.  Inner Circle membership is only granted to the top
1% of Microsoft's global partners, measured by revenue to Microsoft.



Two other strategic technology partners; Systems Union and Proactis Group, have
each commended Touchstone for exceptional trading performance during 2006.
Continued good contract wins with their respective solutions have ensured top
partner status with both software authors.



Overall there has been has been a positive start to the current year's trading
and the Board believe the Company is in a good position to meet market
expectations."





Enquiries to:


Keith Birch, Chief Executive Officer
Touchstone Group plc                                   020 7121 4700

Samantha Robbins/Duncan McCormick
Redleaf Communications                                 020 7822 0200



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

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