Invu Share Discussion Threads

[domestos] 18/8/2006 14:24

Thanks Moogies.

Interim results on 21st September 2006.

[moogies] 18/8/2006 14:17

INVU, Inc.
25 July 2006

25 July 2006


Invu Inc

AGM Statement & Trading Update

At its Annual General Meeting to be held at 10.30am today, Invu Inc's Chairman,
Daniel Goldman, will make the following statement:

"The Board of Invu is pleased to announce that trading for the first five months
of the financial year has been in line with the Board's expectations. We
continue to build customer sites and the quality of the reseller base. Since the
beginning of the financial year, we have added 237 new customers, deployed 4871
seats of software and added 12 new resellers. The Company has also recorded 112
repeat sales to existing sites.

"We are also pleased to announce the release of the .NET version of the Invu
product, Series 6, which is the latest generation of Invu's core document
management suite. Series 6 gives increased flexibility, power and ease of
deployment.

"In addition we have signed an agreement with Total Systems plc, suppliers of
software systems for the financial services industry, primarily in the insurance
and warranty sectors, which has a number of blue chip clients. The agreement
involves Total Systems placing significant pre-paid orders for Series 6. This
contract comes at the same time as other significant reseller sign-ups, most
notably with the large Netherlands office equipment group, Dantuma.

"We will update the market further at our interim results on 21st September
2006."

-ends-
For further information:

Invu Inc 01604 859 893
David Morgan

Financial Dynamics 020 7831 3113
Juliet Clarke



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

[domestos] 18/8/2006 14:07

Looking back at last year's news, they came out with NOTICE OF RESULTS on 30/8/2005. Interims were announced on 14/9/2005.

So we could get this year's NOTICE OF RESULTS any day now.

A few people are obviously buying in ahead ...

Its strange how the other one (NVU) gets marked up 2p (8%) on no volume. 'Nice if the analysts are giving it a re-rating ahead of results.

[tradx666] 18/8/2006 13:16

Domestos,

either way, it's good to see it moving again. Bodes well.

regards

T..

[domestos] 18/8/2006 13:09

I think it must have been tipped.
It's only 1pm .... and there's been 4 BUY trades already today .... which is a lot for NVUK
LOL !!

Or maybe someone knows something. News on the way perhaps ??

[thewass] 18/8/2006 10:38

Nice rise this morning, any reason?

[eat more fruit] 25/7/2006 23:06

"....there is genuine potential for this business to grow into something far bigger ..."


So says nice tip update by Citywire, following today's AGM.

[tradx666] 19/7/2006 13:58

Domestos,

Opps!!! LOL!!

DoH!!

Didn't look at date...!

regards

T..

[domestos] 19/7/2006 12:41

Tradx666, Do you mean that latest news - of 23 june - nearly 4 weeks ago ?!

[tradx666] 19/7/2006 12:08

see news; more director buying.

regards

T

[eat more fruit] 19/7/2006 11:53

Some very large trades today at 24.5p

Whilst quote is 25 – 26.5p

Which one would assume are sells

But as there's been no drop in price, I don't suppose they can be.

Hmmm, not too sure what to make of it.

[thewass] 31/5/2006 11:57

Why does this keep ticking down? Everything I read about this company is positive. Is it just general market sentiment? Does anyone think this presents a good buying opportunity or is there still further to go?

[badday] 23/5/2006 18:08

Updated on company visit by armshare.com





Invu Inc.
Report updated: 19th May 2006
INVU raised £2.5 million net of expenses in exchange for 37.5% of its enlarged share capital just before Christmas 2003. The money, as the January 2004 figures indicated, restored its solvency.

The company sells its software for electronic document management in the United Kingdom, Holland and Ireland. It had five product groups and 700 customers. Its strategy is to sell through what it calls value-added resellers. In December 2003 it had 80 of these - by January 2004 it hoped to have 100.

The sales performance in the three years preceding flotation had been lively, but the lap times greatly impaired by the handicap of rapidly accelerating interest payments - a thing of the past given the cash injection now perhaps. But the six months to July 2003 indicated that sales of just under £800,000, less than half the figures achieved in the previous full-year, had engendered a £350,000 operating loss.

The maiden AIM figures showed turnover almost touch £2 million - 20% up - and the loss, if you're kind about goodwill and exceptional items, reduced to £140,000; and even if you're not, the release of a taxation provision putting the company on a base from which to strive to achieve its current goal - profitability in 2004/5. An upbeat AGM statement confirmed swiftly rising penetration of the target markets. But although sales for the six months to July 2004 weighed in at over £1 million, the adjusted loss of £280,000 - adjusted to ignore a thumping foreign exchange loss - still stung more than a bit.

A February 2005 trading statement reassured in respect of current trading, and told too of a strengthened distribution capacity in the Netherlands. Two months later and the said January 2005 figures were tabled - together with the promise of further growth in the current year.

A June AGM statement said that the trading continued in line with expectations and that there are certain key parameters that reflected the current level of demand through Invu's reseller channel giving optimism about the future trading prospects.

The interim results to July 2005 showed sales of £1.7 million (2004: £1.0 million), pre-tax profit of £70,000 (2004: £(576,000)) and EPS of 0.07p (2004: (0.61p)). During H1 2005, there was an average of 60 new customers per month compared with 2004's monthly average of 40. Recurring revenues were £450,000 (2004: £190,0000. H2 was reported as having started well.

The February 2006 update re the final results to January 2006 reported that they are anticipated to be in line with market expectations.

In March, 3ntity Berhad, one of Asia's leading Enterprise Solution providers, was appointed the master distributor of Invu products in Malaysia, Thailand and Brunei.

The final results to January 2006 showed sales of £4.8 million (2005: £3.15 million), pre-tax profit of £1.25 million (2005: £608,000) and adjusted EPS of 1.24p (2005: 0.37p) - the results included unrealised exchange gains of £10,000 (2004: £260,000). The company reported that Invu is the first document management company in the world to be accredited as an independent software vendor for SAP Business One - it is also the only UK vendor of document management software to be accredited by the Institute of Chartered Accountants of England & Wales; the monthly average of new sites installing Invu products was 60 (2005: 40); licence numbers reached 38,156 (2005: 24,088); R&D expenditure was £710,000 (2005: £530,000); recurring revenues rose 77% to £940,000, with year end deferred revenues of £930,000; Holland was the only foreign market in which the group was active in 2005/6 - with the launch of the Series 6 product, localisation/translation into foreign languages becomes a simpler process, thereby assisting the penetration of further overseas markets; trading in 2006/7 has started very strongly.

In April, Ei-Infocomm Pte Ltd was appointed the master distributor of Invu products in Singapore and Indonesia. Established in 1987, Ei-Infocomm specialises in network and information integration - it has a blue chip client base including Citibank, Philips Electronics, Daimler Chrysler, Volkswagen and Panasonic.
Research Standing
We said "The reseller channels are said to be expanding in both quantity and quality, but the money in the bank, as well as supporting an ongoing, heavy and essential R&D budget, will also embolden the company to build up its sales and marketing effort; often a thorny path. I (don't) NVU I said. But another year like that and I might have to change my mind." Invu looks as though it is going to be the winner.

The company broker's note dated 18th May projects EPS of 1.8p for 2006/7, 2.1p for 2007/8 and 2.5p for 2008/9 representing P/Es of 15.4, 13.2 and 11.1 based on the share price of 27.75p at 19th May.

COMPANY MEETING VISIT ON 18th MAY

INVU is a classic example of a company where investors can most easily understand the present and future by delving into the past. It was founded in 1997 by David Morgan, whose career to that date had been in senior positions in IT service businesses. Mr Morgan realised that document management was going to become a significant activity, but back in 1997 he could not discern how this would happen. However, he happened to meet David Goldman, one of the founders of Sage, whose family became a significant investor in INVU.

Sage was developed through a combination of producing 'plug and play' software products targeted at SMEs; using as the sales channel hardware and software dealers targeting SMEs; working very closely with the dealers to help them market and profit easily from Sage products; and generate recurring revenues from customer support and software updates. Mr Goldman saw how document management had the potential to be commercialised using the Sage model - this is what Mr Morgan and his team have done - the team includes Mr Goldman's son as chairman and an NED who was a former Sage director responsible for developing the national reseller network.

From 1997 to 2000, INVU researched the market but undertook no engineering development. When the latter work started, it was to meet a specification determined by the marketing team - this approach continues to this day, although two developers are tasked with 'blue sky' thinking in terms of the customer benefits which developments in technology can bring. Although INVU's products are targeted at SMEs, they are also suitable for larger organisations, but INVU's business model means that it does not rely on them in order to survive and thrive.

In parallel, INVU has developed a well honed process for working very proactively alongside its dealers to help them make money through selling financially attractive solutions rather than document management. The beauty of this structure is that it enables INVU to always remain quite small (it has 52 employees), the costs associated with managing a much larger business are avoided and the cost of capturing customers is significantly reduced because of the existing relationship between the customer and the dealer. Another attraction of this sales process is that it is expected to be scalable internationally - trials are under way with the two recently appointed master distributors, one for Malaysia, Thailand and Brunei (see March 2006 announcement above) and the other for Singapore and Indonesia (see April 2006 announcement above) - the broker's projections assume that very little revenue is generated from this source.

INVU is a good example of both the time and approach required to build a proper business and also of a business model which appeals to ArmShare. No one driving along the Northamptonshire country road past converted farm buildings near Blisworth would guess that they housed a business with worldwide potential - such is modern Britain

[moogies] 15/5/2006 16:43

NVU tipped as a buy on Growth Company Investor today.

M.

[domestos] 13/4/2006 14:21

Tradx666, is this it?




Invu buoyed by strong trading

By Caroline Smith
Published: April 12 2006 03:00 | Last updated: April 12 2006 03:00

Invu, the document management software provider, has doubled its pre-tax profit to £1.25m following strong trading from both new and existing customers' sites.

Turnover rose from £3.15m to £4.78m for the year to January 31 as the group sold software to 720 new customers and some 185 sites made repeat orders.

Invu had more than 38,000 end users at more than 2,000 sites at the year-end. The number of accredited re-sellers fell from 138 to 125 during the period.

Throughout the year, an average of 60 new sites had Invu products installed each month compared with 40 a month in the previous year.

Invu shares rose by ¼p to 27¼p.

[tradx666] 13/4/2006 09:51

There was also a mention in the FT yesterday - v.positive, but I cannot seem to find it online - can anyone else?

regards

T..

[moogies] 11/4/2006 18:56

Mentioned on Citywire: "Tip Update: Far Eastern profits are Invu"

[pugugly] 11/4/2006 15:38

kingsize. I reckon you are right - it is the forward p/e of 17 plus a minimal gain to target of about 10% taking dealing costs into account - The risk of being locked in at these prices is [imo & probably generally so far as the average PI is concerned] too high given the lack of liquidity in the shares.

[tradx666] 11/4/2006 11:26

Results look rock solid; wings being spread, a global marketplace awaits and the transition to .net msft architecture should not be undervalued....

If this growth rate is sustainable, then whilst I do expect to see some profit taking (and why not!) I can see them still achieving a higher overall rating in the year to come...

...and maybe even an acquisition??

regards

T..

[moogies] 11/4/2006 11:12

Cheers for that!

So forward 31 Jan 07 EPS is 12.5 with a peg of 0.4.

That is referring to the NVU listing, rather than the NVUK listing.

M.

[kingsize] 11/4/2006 11:12

These look like pretty marvelous results to me but the share price has not even recovered its recent leakage. Anyone got any ideas why or is a historical p/e of 22.5 and forward p/e of 17 (using the above forecast) rich enough for most people's tastes already?

[moogies] 11/4/2006 09:29

Results today - had a quick glance and it all looks very positive to me. They have also announced another distribution appointment in Asia - this time in Singapore and Indonesia.



M.



Final Results


INVU, Inc.
11 April 2006

11th April 2006

Invu, Inc.

Preliminary Results for the Year Ended 31 January 2006

Invu, Inc., the document management software provider, announces its preliminary
results for the year ended 31 January 2006.

Financial Highlights

• Revenues up 52%

• Adjusted profit increased by 250%

• InvuCare revenues (annual maintenance contracts) increased by 77% to
£0.94m (2005: £0.53m)

• Deferred revenues at the year end of £0.93m (2005: £0.65m)

• Total deferred revenues and provisions of £1.17m (2005: £0.98m)


Year Ended Year Ended
31 Jan 2006 31 Jan 2005

Turnover £4.78m £3.15m

Profit £1.25m £0.61m

Less unrealised exchange gains £(0.01)m £(0.26)m

Adjusted Profit £1.24m £0.35m

Earnings per share 1.25p 0.64p

Adjusted earnings per share 1.24p 0.37p


Operational Highlights

• New customer sites up 50% to 720, new end users up 37% to 14,068

• At year end Invu had more than 38,000 end users at over 2,000 sites

• 22 accredited resellers recruited

• Repeat sales to 185 existing sites during the year

• InvuCare renewals rate of 81%

• First document management vendor to receive SAP Business One
accreditation

• Achieved ICAEW accreditation


Daniel Goldman, Non Executive Chairman of INVU, said:

"This has been another excellent year for Invu, characterised by robust revenue
growth and significantly increased profits. In addition to the headline growth
there has been a strong increase in the recurring and deferred revenues. This is
key to our strategy for long-term development as a profitable company.

"Demand for our products continues to be very robust. I am pleased that whilst
electronic document management is starting to achieve recognition within the
mainstream we are still only scratching the surface of the huge SME market.

"Our positioning within our chosen market has resulted in Invu developing into
the lead brand for document management software in the UK's SME market and it is
our intention to consolidate and leverage this position during the coming months
and years. The exposure that we have created for Invu and document management is
helping to grow the still infant market place for our solutions and we are very
excited about the growth prospects for the Group."



Enquiries:
INVU, Inc. 01604 859893
Daniel Goldman, Non Executive Chairman
David Morgan, CEO
John Agostini, CFO

Financial Dynamics 020 7831 3113
Juliet Clarke
Hannah Sloane



CHAIRMAN'S STATEMENT

Last year the Group set itself ambitious goals with regard to revenue and profit
growth. In order for these goals to be achieved a number of key initiatives were
adopted across the entire business. These included new financial and management
reporting systems, significant enhancements to our marketing strategies and
reorganisation of our sales teams into two distinct divisions. Even more
radically, the Group embarked upon the "Invu Promise", an initiative to provide
world class levels of customer service throughout the business. The Board
believes that the success of these activities is reflected in the very strong
revenue growth and dramatically increased annual profits presented in the
financial statements. Following the results for the year, the Group looks
forward with optimism as we continue to build on our success.

Turnover rose 52% year on year. This growth, with continued high gross margins,
enabled the Group to record a net profit of £1.25m which equates to 26% of
turnover. Trading continues to be strong from both new and existing sites.
InvuCare revenues (annual maintenance contracts) have risen by 77% to £0.94m and
deferred revenues have increased by 43% to £0.93m. The renewal rate for InvuCare
contracts beyond the first year has also risen to 81% from 76%.

In 2005 we focused our attention on further improving the quality of our partner
channel in the UK and Holland. We have also made initial inroads in other market
sectors and channels where our products should have strong appeal. This
culminated in the appointment of a number of Microsoft integration partners, and
Invu's status as the first document management company in the world to be
accredited as an ISV (independent software vendor) for SAP Business One. In
addition, Invu is the only UK vendor of document management software to be
accredited by the Institute of Chartered Accountants of England & Wales. This
accreditation has helped the company make inroads in the key accountancy market.

The Group continues to invest in research and development and its new Series 6
offering will debut in the Spring of 2006. This latest version of the Invu
product represents a complete re-write of the technology utilising the Microsoft
.NET platform and promises to open yet more sales and integration opportunities
in the future. For existing Invu end users Series 6 will be a smooth upgrade
from the current version. As ever, all new products adhere to our brand values
of ease of use, high quality and price performance.

The continued growth in the number of high quality partners achieving
significant sales revenues, together with the new opportunities arising from the
release of Series 6, give us confidence in the Group's ability to generate
significant, repeatable and profitable revenues in the future.

The Board maintains its focus on continuing to expand Invu's marketing and sales
reach still further and enriching the product offering, and expects once more to
demonstrate significant growth in all of the key areas of our business this
year. There remains a strong second half weighting to the business.

On behalf of the Group, I would like once again to thank our employees,
accredited partners, shareholders and advisors, without whom none of this
success is possible. I look forward to yet another very exciting year.

Daniel Goldman
Non Executive Chairman


CHIEF EXECUTIVE'S REVIEW

Introduction

Trading this year has been extremely positive, once again showing significant
progress year on year. All of the key performance indicators have shown strong
improvement during the period. At the year end the Group had 125 (2005: 138)
accredited resellers supporting 2,003 sites, representing 38,156 licences in
total. The increase in sites and licences is mirrored by an increase in
turnover. The slight decrease in resellers reflects the Group's continued drive
for quality rather than quantity. We are particularly pleased at the increasing
recognition of the Invu brand within a growing number of vertical markets. This
is reflected by increasing levels of repeat business, growing referrals, and
shorter lead times from prospect to sale.

We have consolidated our position within the SME channel through a successful
strategy of accrediting new and better resellers, while at the same time
discontinuing accreditation for a small number of less productive resellers. The
strong brand names that have joined as Invu resellers this year further
vindicate our product offering and have substantially increased our potential
market reach within the UK and Holland.

Demand for our products remains strong. Throughout the year an average of 60 new
sites have installed Invu products each month, in comparison to 40 per month
during the previous year.

Financial Performance

Turnover for the period was £4.78m (2005: £3.15m), an increase of 52% on the
prior year. Recognised recurring revenues from InvuCare increased to £0.94m in
the year ended 31 January 2006 from £0.53m in the previous year, with total
deferred revenue at £0.93m (2005: £0.65m).

Gross profit margin decreased slightly to 94.2% of turnover (2005: 94.8%), which
is well in excess of our internal benchmark of 92%, and reflected a slight
change in product mix.

Technical and support expenditure, which includes research and development, was
£0.71m for the year (2005: £0.53m). We continue to maintain an active
development programme, covering upgrades of core products and product
innovations. It is the Group's policy to direct research and development
according to the needs of the market, and to ensure that every new product
adheres to our core brand values of ease of use, high quality and price
performance. It is important to note that we adopt the policy of writing off
research and development costs as and when they occur.

Sales and marketing expenditure increased by 27% to £1.24m (2005: £0.98m), or
26% of turnover (2005: 31%). This reflects the Group's requirement to invest in
sales and marketing in order to increase both turnover and brand recognition.
The bulk of this increase reflects a larger sales team and focused PR and
marketing programmes.

General and administrative expenses (excluding exchange gains) were £1.34m
during the period compared with £1.13m for the previous year. This 19% increase
reflects the investment in the administrative infrastructure in terms of
personnel, systems and premises and is now 28% of turnover (2005: 36%).

Operating profit this year amounted to £1.22m (2005: £0.61m). However, when the
unrealised exchange gains are removed, the adjusted figures are £1.21m (2005:
£0.35m).

The net profit after tax amounted to £1.25m (2005: £0.61m), giving earnings per
share of 1.25p (2005: 0.64p). Net profit after tax adjusted for the unrealised
exchange gain is £1.24m (2005: £0.35m).

The Group's balance sheet has been strengthened considerably by the net profit
for the year, showing shareholders funds increasing by 55% to £3.48m (2005:
£2.24m).

Debtor days have slipped to 106 days (2005: 87 days). This is a consequence of
bringing a significant number of new, larger resellers into the channel together
with some resellers requiring careful cash management. In response to this, we
appointed a full time credit controller in March 2006, and we expect a positive
effect during the course of the year.

Creditors falling due within 12 months (excluding accruals and deferred revenue)
of £1.00m (2005: £0.82m) were covered 5.4 times by current assets (2005: 4.5
times covered).

The Group is virtually debt free and therefore effectively remains ungeared as
at 31 January 2006.

Taking into account the ongoing investment in the business and accumulated
losses to date, the Board will not be recommending the payment of a dividend.

Operations

Trading

During the past year we have seen further improvements in all areas of the
business. Total sites grew to over 2,000 and total licences reached 38,156
(2005: 24,088). During the period the Group sold software to 720 new sites
(2005: 482) installing a total of 14,068 new seats (2005:10,291). This
represents increases of 49% and 37% respectively, which with the higher InvuCare
renewal rates has, in turn, driven revenue growth of 52%.

The Group has accredited 22 new resellers and our reseller base has also
continued to grow existing sites through the selling of extra licenses and new
products. In all, some 185 sites made repeat orders during the year.

InvuCare recurring revenue represents a growing proportion of invoiced sales,
although the Group's revenue recognition policy means that a high percentage is
deferred to the following year. At 31 January 2006 the value of deferred
revenue had increased by 43% from that of the previous year at £0.93m (2005:
£0.65m). Recognised InvuCare represented 20% (2005:17%) of the Group's revenues.

Contract Wins

Once again this year we have seen a number of exciting new sites and growth of
existing installations. The end user base now includes Thorntons Plc, Close
Credit Management, Yale Material Handlings, Stennaline, Sweet & Maxwell Group,
Exel, Mitie Scotgate Plc and Abraxas Plc, amongst many others. There have also
been some excellent repeat sales including to the likes of Persimmon, The
Telegraph Group, Wincanton, Eurodebt, The Bournville Village Trust, Rothschild
Trust Guernsey and Southwest Highways.

We continue to successfully sell to the financial services market, this year
adding mortgage brokers, as they are now regulated by the FSA and are therefore
required to comply with the same regulations as IFAs. In the second half we
started to see the results of our investment in marketing within the financial
and professional services sector with press releases, case studies and articles
published in leading trade journals.

In addition to Invu's traditional markets, e.g. IFAs, construction and
logistics, certain new markets have been targeted successfully, such as the
accounting profession. During the second half of the year we received
accreditation for the software from the Institute of Chartered Accountants in
England and Wales. This has led to growth of the brand in that sector and
customers now number over 120. Similar initiatives are being driven in other
market sectors.

We were pleased to announce in December 2005 that Invu became the only document
management software to be certified for use with SAP Business One. We have
received strong interest from that channel in the UK and overseas.

We will continue to identify and target specific market segments where we
believe our product offering is most compelling. This is supported by a growing
number of reference sites in vertical markets such as education, legal, retail,
housing associations and engineering, amongst others.

Reseller Channel

The reseller recruitment programme continues to be successful. Many of our
existing resellers in the UK have performed very strongly this year,
experiencing rapid growth. Among them Lindenhouse continues to grow strongly,
whilst Scanworx has firmly established itself as the leading reseller to the
accountancy sector. IT @ Spectrum has also emerged as a significant office
systems reseller with The Content Group continuing to achieve success in the
construction vertical. LSI is experiencing transformational growth in its Invu
business and Panasonic in the Netherlands has started to accelerate. In addition
to our existing channel of resellers we have started a programme of partnerships
with other vendors and resellers more oriented to the business solutions market,
which has not traditionally been exposed to document management.

Overseas Markets

During the period, Holland was the only foreign market in which the Group was
active. Growth in Holland was steady. Holland is characterised by a small number
of large resellers who have been slower to ramp sales than their UK
counterparts. However, we are pleased with their progress in the latter half of
2005 and the first months of 2006. We have high expectations of Panasonic and
Van Dinther this year. Already, a vertical market strength is emerging in that
territory with sales to Broekman and Seatrade, two large specialist shipping and
freight groups.

With the forthcoming introduction of Series 6 of the core Invu product, the
Group can now start considering the penetration of further overseas markets, as
localisation becomes a more simple process. As recently announced, we have made
initial steps towards overseas expansion with the appointment of a first partner
covering several Asian territories. 3ntity will cover Malaysia, Brunei and
Thailand on behalf of Invu. This is an early attempt to learn about these
exciting emerging markets and the market dynamics of establishing distribution
in China. Furthermore, we have announced today the appointment of Ei-Infocomm,
which operates in Singapore and Indonesia. We are excited about both of these
opportunities which will extend our products into new territories.

Support - The Invu Promise

We successfully delivered the "Invu Promise" this year. This is a commitment to
the delivery of the highest possible level of customer support. From on-going
dialogue with our end users, examination level accreditation of Invu Engineers
in the reseller channel, through to customer surveys and random quality control
telephone calls, we have achieved a growing reputation for service in our
industry. We are convinced that this has led to increased sales and InvuCare
renewals, and we will continue to invest in this area. Supporting and developing
the Invu Promise is a key element in building further value into the Invu brand
within the SME and wider market.

Research & Development

We are delighted with the performance of the product in the market place. We are
expecting to complete the conversion of our core products to the .NET operating
environment early this year, which will give our products greater longevity and
easier translation to foreign languages.

Of particular note, are the Group's significant advances in the area of
artificial intelligence. A further beta version of the Invu Intelligent
Processing Engine (IPE) was released prior to the year end. This product can be
utilised in many different guises to automate repetitive and time consuming
clerical tasks.

Series 6 introduces the concepts of Information Types, Templates, Attributes and
Entities along with the Information Store and Workspace. This new functionality
provides a very flexible structure for the organisation of documents within the
database and aims to make the system as simple as possible for the end-users.

Board Appointment

This year has seen the addition of Bernard Fisher to Invu's Board as a
non-executive director. Bernard brings significant and very relevant experience
to Invu and has been a very welcome addition to the team.

Outlook

This year has seen positive developments in all areas of the business and the
new financial year has started very strongly.

Our positioning within our chosen market has resulted in Invu developing into
the lead brand for document management software in the UK's SME market and it is
our intention to consolidate and leverage this position during the coming months
and years. The exposure that we have created for Invu and document management is
helping to grow the still infant market place for our solutions and we are very
excited about the growth prospects for the Group.

We have a strong, loyal and growing customer base, and they are serviced and
supported by an intelligent and highly motivated team of staff at Invu. Given
the strong progress that Invu has made in 2005/6 and its future prospects, I am
confident that 2006/7 will be another very successful year for the Group.


David Morgan
Chief Executive Officer

[moogies] 13/2/2006 19:33

Does anyone know what the "market expectations" are likely to be exactly?

M.






Trading Update

INVU, Inc.
13 February 2006

13 February 2006

Invu, Inc.

Trading Update



Invu, Inc. ("Invu" or "the Company") announces that, following the end of its
financial year on 31 January 2006, it expects to report full year results which
are in line with market expectations.



The Company will release its full year results on Tuesday 11 April.