XPT Xploite

    RNS Number : 2404H
  XploiTe PLC
  03 November 2008
   

    3 November 2008

    Xploite plc

    Year end trading update ahead of market expectations

    Xploite plc ("Xploite", "the Group", AIM: XPT), the operator and aggregator of strategic and high-growth IT services businesses,
announces a trading update for the year to 31 October 2008.  The Group now anticipates pre-tax profit before amortisation to be
substantially ahead of current market expectations, as a result of the two recent Storage Resource Analysis (SRA) license agreements and
strong trading by its Anix subsidiary throughout the year.

    The Group has also announced today that part of the Itheon business has been sold, see separate announcement.

    The Group has also significantly benefited from tight working capital management, the integration of the businesses acquired over the
last year and from the disposal of part of the Itheon business, so that as at 31 October 2008, net debt was down to �1.25 million, from net
debt of �7.39 million as at 30 April 2008.

    The Group expects to publish its preliminary results for the year to 31 October 2008 during the week commencing 19 January 2009.

    Ian Smith, Xploite Chief Executive said:
    
"We finished the year very strongly and are now seeing real benefits from the active management of the businesses we acquired both in terms
of organic growth, improving margins and operational execution.  At this very early stage in the year, we are encouraged by our pipeline and
are continuing to improve our forward visibility; however, we remain mindful of the current economic environment."

    Enquiries

 Xploite plc www.xploite.com         0870 737 2001
 Ian Smith, Chief Executive Officer
 Robert Arrowsmith Finance Director

 KBC Peel Hunt Ltd                   0207 418 8900
 Oliver Scott/Nicholas Marren

 College Hill                        020 7457 2020
 Adrian Duffield/Jon Davies


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