AGM Statement
13 September 2010 - 4:00PM
UK Regulatory
TIDMIMJ
RNS Number : 5193S
imJack PLC
13 September 2010
imJack plc
("imjack" or "the Company")
AGM Statement
imJack gives a trading update ahead of its 2010 Annual General Meeting which
will take place today at 11.00 a.m at 57 Cardigan Lane, Leeds, LS4 2LE .
Further to the announcement made by the Company on June 10th 2010 regarding the
withdrawal of funding by the coalition government for matched funding for
schools taking the imJack platform, the Company has been forced to rethink and
redevelop its business model. Despite the withdrawal in matched government
funding, the Company started selling the imJack platform direct to schools in
June and has been encouraged by the amounts invoiced up to the beginning of the
school holidays in mid-July. The Company has also introduced a further revenue
stream through attracting businesses both large and small to become sponsors of
the schools to assist them to take the imJack platform and to help the students
with their career choices. Since the beginning of the school holidays in
mid-July, activity has been limited but sales have now resumed following the
start of the new school term and the Directors consider that the Company's
product offering is being well received.
The Company intends to further update the market on progress within the next six
weeks.
For further information, please contact:
imJack plc
Michael Abrahams, Chairman Tel: 01653 618016
Daniel Stewart & Company plc Tel: 0207 7776
6550
Emma Earl or Paul Shackleton
Rawlings Financial PR Ltd Tel: 01653
618016
Catriona Valentine
This information is provided by RNS
The company news service from the London Stock Exchange
END
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