Solid H1 Trading - Further Progress Expected in H2

 

TIDMIEN 
 
RNS Number : 9069V 
Intelligent Environments Group PLC 
20 July 2009 
 

 
 
IEN.L 
 
 
Intelligent Environments Group plc 
('iE' or 'the Company') 
 
 
 
 
Solid Trading in H1; continued progress expected in H2 
 
 
Trading update for the six months ended 30 June 2009 
 
 
 
 
Intelligent Environments Group plc (AIM: IEN), the online software provider for 
financial services, is pleased to announce that it continues to make  good 
progress both in terms of growing its long term recurring revenue base and 
enhancing the value of its intellectual property assets. 
 
 
Total revenues are expected to grow 8% to GBP3.2 million in the half year, with 
recurring revenues forecast to be 27% higher at GBP1.0 million. This represents 
approximately 30% of total revenues up from 25% at the same time last year. 
 
 
Our strategy of increased investment in NetFinance V4 has accelerated with 
expenditure more than doubling to GBP0.5 million. This has allowed us to 
significantly increase the product functionality particularly around 
e-statements and e-marketing, both of which are seeing strong market demand. 
 
 
This investment has not only resulted in 3 new customers in the first half of 
the year but has also secured a series of new partnerships with global software 
businesses, which will spearhead our strategy to develop our international sales 
capabilities. Cash balances as at 30th June improved by GBP0.1m to GBP1.1 
million providing the Group with a strong platform for continued progress in the 
second half. 
 
 
For further information: 
 
 
+-----------------------------------------------+------------------------------+ 
| Intelligent Environments Group plc            | Tel: [phone]           | 
| Phillip Blundell, Chief Executive             |                              | 
| www.ie.com                                    |                              | 
+-----------------------------------------------+------------------------------+ 
|                                               | Tel: [phone]           | 
| FinnCap                                       |                              | 
| Charles Cunningham, NOMAD and Broker          |                              | 
+-----------------------------------------------+------------------------------+ 
| Biddicks                                      | Tel: [phone]           | 
| Shane Dolan                                   |                              | 
+-----------------------------------------------+------------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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