IPPlus PLC Trading Update (1651A)

TIDMIPP

RNS Number : 1651A

IPPlus PLC

25 September 2015

IPPlus PLC (AIM: IPP)

Trading Update

IPPlus PLC ("IPPLUS" or the "Group"), the diversified technology and business services organisation serving a number of market sectors with call handling, call centre software and compliant credit card solutions designed to prevent credit card fraud, is pleased to provide further information on the new Ansaback call centre contract first announced on 25 August 2015.

IPPLUS previously informed the market and shareholders of a significant contract win by its Ansaback call centre division to handle calls for one of London's most prestigious department stores. Following confirmation of agent positions, the Board now announces that the expected revenue from the initial 6-month phase of this project is likely to exceed GBP1m. The contract will commence in October 2015 and requires a significant increase in agents, particularly over the Christmas period. This new contract replaces a material proportion of the turnover associated in recent years with the major Ansaback contract which expired in the last financial period.

CEO William Catchpole commented:

"We are delighted to have been awarded this prestigious contract. The utilisation of our own technology and the impressive resilience of our own disaster recovery facility provide premier clients with confidence in our ability to meet their expectations for delivery of service."

For further details, please contact:

 
IPPlus plc 
 William Catchpole - Chief Executive Officer 
 Stuart Gordon - Chief Financial Officer       [phone] 
 
N+1 Singer (Nominated Adviser & Broker) 
 Aubrey Powell 
 Alex Wright                                   [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 25, 2015 02:00 ET (06:00 GMT)