Trading Update (4604E)

TIDMPGC

RNS Number : 4604E

Prologic plc

07 April 2011

Prologic plc

Trading Update

Prologic, a leading IT solutions provider to fashion and lifestyle clients, announces the following update on trading for the year ended 31 March 2011.

We continue to see growing interest in our product suite both from existing customers and new business prospects. However, the general economic uncertainty has manifested itself in increased caution on the part of some customers as they evaluate major capital investments. Consequently, a small number of orders, which were scheduled to close during the year, are now expected to complete in the early part of this new financial year. Nonetheless, Prologic is expected to be broadly breakeven before tax and exceptional items for the year, with revenues largely unchanged from the previous year (2010: GBP9.7 million).

Commenting, Tom Fischer, Prologic's CEO, said:

"We have continued to invest in software development, resulting in significant new releases of our head office and in-store solutions. We believe that this positions us well for the year ahead as our current and prospective customers look to take advantage of these new capabilities."

Enquiries:

 
                         Tom Fischer, CEO 
                          David Parry, Finance 
 Prologic plc             Director                01442 876 277 
                         Hugh Field 
 Arbuthnot Securities     Ed Groome               020 7012 2000 
 Biddicks                Zoe Biddick              020 3178 6378

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