News

ILX Group PLC

20 July 2007

2007 AGM Statement

ILX Group plc ('ILX Group, or 'the Company''), the AIM quoted business education and training specialist, today held its Annual General Meeting at 10:00am at One London Wall, London, EC2Y 5AB. All resolutions were passed.

Following the formal proceedings of the AGM, Ken Scott, Chief Executive of ILX Group plc, made the following statement to shareholders:

"I am pleased to confirm that trading at ILX Group has been most encouraging in the first quarter of 2007/8.

The company will benefit this year from a full year's trading of the Corporate Training Group, and we continue to see strong growth in revenues from this division, including the division's first £1m+ client. The continued strong visibility of booked revenues for the remainder of the year is very pleasing and gives an additional degree of certainty in relation to the overall earnings of ILX Group for the year. In addition, progress on bringing our first e-learning product in this area to market has been excellent.

Trading within Best Practice has also been strong; the company recently announced a number of new major contract wins in this division, revenues from which have started to come through. Sales of e-learning products continue to show like-for-like growth and there are major e-learning opportunities for the division later in the year with the launch of a new ITIL V3 accreditation, as well as changes to the PRINCE2 Practitioner qualification.

In particular I am pleased to announce that the former Mount Lane division, now integrated into the business and trading as ILX Group, has recently won a large 3-year contract with a major agency. This, together with strong pipeline growth, underlines our confidence in the recovery of this area of the business.

We are therefore confident in our ability to deliver this year not only increased turnover and profit but also earnings per share growth, in line with market expectations."

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