ABAL Abal Group Plc

    RNS Number : 6621Y
  Imaginatik PLC
  10 July 2008
   
    10 July 2008
    Imaginatik Plc
    ("Imaginatik" or the "Company")
    AGM Statement

    Mark Turrell, CEO of Imaginatik plc (AIM: IMTK), a leading provider of collaborative innovation and problem-solving software and
processes, will today make the following statement at the Company's Annual General Meeting:

    "I am pleased to report that we have experienced an improved start to the year compared to the first quarter last year, building on the
momentum experienced in the second half. We have signed four new customers on annual licence contracts and further extended our reach in
four of our existing customers. As a result, our recurring revenue base has increased to �2.1m per year, up from �1.8m per year at the end
of March 2008." 

    "We have also recently embarked on a new UK and European marketing project with Edelman, one of the leading independent global PR firms,
to enhance our market presence and develop a far greater awareness of the capabilities of our software and processes."

    "The market for collaborative innovation continues to develop, and we look forward to an exciting year ahead."


    For further information please contact:  

 Imaginatik plc                         Tel: 020 7917 2975
 Mark Turrell, CEO / Shawn Taylor, CFO
 WH Ireland Limited                     Tel: 0121 265 6330
 Tim Cofman / Katy Birkin
 ICIS                                   Tel: 020 7651 8688
 Tom Moriarty / Caroline Evans-Jones

    About Imaginatik

    Imaginatik is the leading provider of innovation and collaborative problem solving software and process to the world's leading
companies. More than 100 clients rely on Imaginatik's software, consulting and research to enable their best-of-breed innovation
activities.

    Named as a World Economic Forum Technology Pioneer for 2008 and a finalist for the IBM Lotus Awards 2008 in the Best Industry Solution
category, Imaginatik's software and consulting services have helped clients discover significant sources of additional revenue, as well as
tangible cost savings, process improvements and increased product pipeline. Imaginatik is also committed to developing strategic solutions
in the field of innovation, working with academic institutions such as the London Business School and the Cass School of Business, London,
as well as leading practitioners of corporate innovation.

    For further information please visit http://www.imaginatik.com


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