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[zho] 14/3/2005 09:20

2ergo Group plc
14 March 2005


Immediate release 14 March 2005


2ergo Group plc
('2ergo' or the 'Group')

m-commerce initiative


2ergo, the AIM listed facilitator of mobile communications, announces that new
interpretation by the Financial Services Authority (FSA) of EU regulatory
directives regarding e-money could add exciting new revenue potential going
forward.


The Group was a pioneer of m-commerce at the start of the decade, but previously
restrictive e-money regulations fell foul of the FSA's interpretation and
subsequently limited the use of mobile phones to only pay for services that were
actually delivered to mobile phones, such as ring tones, logos and games. The
latest industry expectation is that this is about to change, leading to mobile
phones being able to be used to purchase a wider variety of other goods and
services.


2ergo's strategy is to take full advantage of convergence and the
multi-functionality of the mobile phone and this latest relaxing of m-wallet
regulations allows it to once more readdress this aspect of the market. The
Group has significant advantages over some of its competitors as it already has
an infrastructure in place to process m-commerce transactions, plus a number of
existing clients who it believes will embrace this new technology immediately.


In the UK, m-commerce will take the mobile phone into new territory, with the
Group targeting, amongst others, these areas:


• Ticketing - purchase of concert tickets, parking meters

• Vending machines - drinks, confectionary

• Gambling

• Road toll charges

• PIN code access - for accessing data rich websites, such as investor
research, online games

• Pay Per View TV


Barry Sharples, joint Managing Director commented, ''2ergo is one step closer to
fulfilling its vision of full convergence of the mobile phone, whereby voice,
data and m-commerce can be performed by the same device.


'One of the most important factors relating to this change is the convenience of
users not needing to carry change or use credit cards for making relatively
small ticket transactions.


'Once the new ruling comes into play it will significantly broaden the target
market of our mobile phone billing products as businesses and individuals adopt
the mobile phone as the most convenient method of purchasing products. This will
inevitably lead to an increase in transactions across our Multiserve Platform.''


-ends-

[the prophet] 14/3/2005 08:14

-nice lively start to the day
-got a feeling these are going to push thro' £2 in short order

[jonno1] 12/3/2005 18:42

can anyone tell me if these are quoted on igindex? and what are they listed as?
thanks

[pomp circumstance] 11/3/2005 22:21

For those who read Growth Company Investor they covered it a few days ago.

2ergo - HOLD
2ergo, the telecoms facilitator, cheered investors with news that it expects its results at the interim stage to May to be ahead of market expectations. The shares soared 10% to 154.5p. Operating a 'multiserve platform', the company provides convergent co.......
07/03/2005

[pomp circumstance] 11/3/2005 22:02

Article from

Th part Ive highlighted is what i believe he picked up from the girls magazine!!


Monday, 7th March 2005
2ergo shares on a high
Tariq Panja
SHARES at Lancashire-based mobile messaging company 2ergo reached an all-time high after the company told investors it expected to exceed market expectations this year.

The AIM-listed company, which has seen its text message technology prove increasingly popular with firms looking to communicate with staff and clients, said in a trading statement that it was looking to roll out further projects in the UK and the launch of a new product in the US had been successful.

The City's reaction was favourable, and 2ergo's share price leapt 14p, nearly 10 per cent to a high 154p.

On the back of the company's announcement, analysts have revised their assessment of the company's future performance.

Mike Allen, from Numis Securities, forecast earnings at the firm to be £1.3m in August 2005 and £2.6m in August 2006, up 11.7 per cent and 7.5 per cent respectively on previous forecasts. Mr Allen praised the flexibility of 2ergo's technology: "The thing I like most about the model is that it's very adaptable and flexible to the whole industry. It's a very new area and there are no established trends.

"But just looking at its different clients it stands out how varied the products are. You can adapt the whole model to a host of different situations."

2ergo's technology enables information to be converted from databases to be sent to users' mobile phones and email addresses as texts, voice messages and pictures for a range of ventures including instant property guides for home buyers.

The company also launched a service, in conjunction with government, to help schools tackle bullying.

The scheme allows children, who have been affected by bullying, to send anonymous text messages to school staff and explain their worries.

The firm's technology has also been used to tackle truancy.

Joint managing director, Barry Sharples, pictured, said the company was focussed on attacking the US market. He said: "We've got lots of things in the pipeline. We don't feel we've started yet.

"We've proved the different parts of the model and get feedback from what we've put on the market and then we are going to attack that market quite aggressively."

[pomp circumstance] 11/3/2005 21:33

Ive spoke with various people close tot he company.

They have an image problem. Its not their fault, its just the postion their business occupies in the big picture.

However this is being addressed, the management of 2ergo are sharp as tacs and the move into the US has been well thoughtout.

Im led to beleive that one of the directors was reading a teenage girls magazine when a large lighbulb started flashing above his head!
Cant say more than that, but believe me he has identified an area of the mobile phone business that is ripe for a company like 2ergo!

You probably wont see 2ergo in the spotlight so they will have to do it the hard way by making their numbers, but as we have seen so far they arent finding that two difficult at all at the moment, and with the increasing amounts of multimedia being delivered over mobile phone networks there is still plenty of growth to come!

[charles henderson] 11/3/2005 19:26

RGO needs a bit of "spotlight"
The trading update kicked some life into the price
How about a few more people taking notice!

[the prophet] 11/3/2005 17:58

-good link PC, thanks
-new highs, always nice
-re Numis target, that's ok for next week!

The Prophet's target:
On a comparison basis, 2 ergo look better value by far than DAT group, in terms of technology, turn-over , both actual and growth, markets they are addressing, track-record etc etc.
DAT market cap is £100m. I think RGO should have at least a comparable market cap to DAT Group. I think really RGO' should be twice that of DAT's, but just on a like for like basis would give a target price of around £3.30

[pomp circumstance] 11/3/2005 15:10

On the move again today

New NUMIS upgrade to their previous note



TARGET PRICE 180p

[pomp circumstance] 07/3/2005 15:35

Special Resolution is a share buy back for one 3% investor from the IPO. He wants out (dont know why), the company are happy enough to facilitate that with a buy back.

Thats good enough for me, they are confident they have enough cash to meet the payment.

The company has a PR problem coz they are the hidden engine, and noone knows them, but as the money starts to roll in ,and boy is it starting to roll in, financial analysts will start to take notice!

[pomp circumstance] 07/3/2005 12:21

BUYS 241,741
SELLS 20,000

Hasnt risn much really from original markup, should go up more once NUMIS issue a new note and some better PR is done!!

Still have to find out about the SPECIAL RESOLUTION!

[rochdale] 07/3/2005 12:03

got into this at £1.40 the other week. Nice RNS today, sit on your shares this one is going places.

A great market to be in

[handycam] 07/3/2005 09:08

Dear ZHO,
A few pennies wrong either side should not matter if you are really keen to buy. Not trading at market proves costly, more often than not.

I'M LOGGING ON TO ZOBMOB.COM to check it out.

[pomp circumstance] 07/3/2005 09:05

So.

Beat the market
Broker upgrade
Takeover Rumour!


What next!!

[the prophet] 07/3/2005 09:02

-RGO got a write-up in techinvest over the week-end....very interesting bit, amongst other things, Techinvest said:

'...we did hear a whisper that the M&A side of a very large US corporation has been taking a look'

-sounds extremely interesting!!!!
-got a feeling we are about to do a 'DAT group' here, with a very big difference, RGO has so much more to offer than DAT Group, in terms of the technology platform and its ability to develop just about any application they want in house.

[pomp circumstance] 07/3/2005 08:58

BROKER UPGRADE TOO


LONDON (AFX) - Solid progress was seen in 2 Ergo Group, 11 pence higher at
151-1/2, after the company confirmed that the first half of its financial year
is likely to exceed market expectations.
The news prompted Numis to step up its 2 Ergo forecasts for 2005 from an
adjusted pretax profit of 1.2 mln stg to 1.3 mln, increasing EPS by 11.7 pct to
3.8 pence.
The house also raised its target price to 188 pence and said 'buy'.

fjb/vjt/

[ltinvestor] 07/3/2005 08:45

In my opinion this is the NUMBER ONE mobile applications company on the AIM market and eventually investors will wake up to this fact!

[the prophet] 07/3/2005 08:38

PC
-that's the best way,imo
-once the share becomes better known , together with the strong story backing it, then the shares could really take-off.
-I hope and expect this marks the start of positive news-flow from RGO

[zho] 07/3/2005 08:33

I had planned to buy this morning so I was one person who was disappointed to see the trading statement ;(

I decided to wait until things quietened down (wise head mode) but then changed my mind 5 seconds later when I saw the bid jump up (impetuous head mode).

Cross fingers.

[pomp circumstance] 07/3/2005 08:28

Great start to the day, and not a soul here, you really have to ask yourself about the posters on ADVFN.

A UK company who is making it in the US, beats the market and noone on here is interested even if the market is!!

[pomp circumstance] 07/3/2005 07:51

Id like to know what the SPECIAL RESOLUTION is?

A Placing perhaps?

[pomp circumstance] 07/3/2005 07:48

the move into the US market has really paid off!!!

[the prophet] 07/3/2005 07:43

-very nice RNS, well done, PC, for correctly predicting a Trading Update.
-could go bananas off the back of this!