ATL Atlantic Global

RNS Number:0716X
Atlantic Global PLC
18 January 2006
                                                                 18 January 2006

                               Atlantic Global Plc

                                 Trading Update


Atlantic Global Plc ("the Company"), the specialist provider of Project
Portfolio Management (PPM) software applications, announces a trading update
following its 31 December 2005 financial year-end.   The Company's preliminary
results for the financial year ended 31 December 2005 will be announced on
Wednesday, 15 March 2006.

Trading Results

The Directors expect that turnover for 2005 will be approximately #2.13m (2004:
#2.15m), almost identical to the 2004 level.  Turnover for the second half of
the year of #1.20m, whilst lower than market expectations, represents an
increase of 29% on the turnover for the first-half of 2005 of #0.93m.

It is expected that the loss before tax and goodwill for the year will be
approximately #0.45m, (2004: profit #0.36m).  The trading position improved in
the second half of the year showing a loss before tax and goodwill of #0.07m
compared with a loss for the first half of 2005 of #0.38m.

The total expenditure on sales and marketing during 2005 amounted to
approximately #1.55m which was #0.54m more than the #1.01m spent in 2004. The
Company is currently budgeting sales and marketing expenditure of approximately
#1.25m for 2006, which includes sales commission that will only become payable
when individual sales targets are met.

The Company's net cash position as at 31 December 2005 amounted to #1.49m (2004:
#1.90m), showing a modest outflow, after the significantly increased investment
in sales and marketing and the payment of #0.17m in dividends.

New customers

We are pleased to announce that recent new licence sales included LogicaCMG
(further Corporate Vision roll out) and Friends Provident (new Corporate Vision
customer), Norwich Union Central Services (new Corporate Vision customer),
Travelex (new Business Solutions customer). The combined value of these
contracts amounts to #0.60m of which #0.54m has been included in our 2005
results.

Interim Chairman

Stephen Allen will continue to fulfil the role of Interim Chairman for the
immediate future whilst the Company continues the search to add new and
appropriate skills to the Board.

Outlook

The Directors believe that the outlook for 2006 is very positive.  The Gartner
PPM magic quadrant published in June 2005 included Atlantic Global as the only
UK vendor, one of only two European vendors and one of the top 26 PPM software
vendors worldwide. The sales and marketing teams have a clearer understanding of
the market place and the PPM sales cycle.  Recent blue-chip sales contracts
validate the approach, and also confirm the Directors' view that the Company's
potential remains substantial.

In view of the trading losses the Directors will not be proposing a dividend in
respect of the financial year ended 31 December 2005.  As soon as the trading
position improves and the Company moves in to profit, the Directors intend to
return to a progressive dividend policy.


                                    - Ends -


For further information please contact:

Atlantic Global Plc
Eugene Blaine, Managing Director                       Tel: +44 (0) 1274 863 300
eugene.blaine@atlantic-global.com

Rupert Hutton, Finance Director
rupert.hutton@atlantic-global.com                        www.atlantic-global.com

Media enquiries:

Abchurch
Sarah Hollins / Justin Heath                           Tel: +44 (0) 113 203 1341
sarah.hollins@abchurch-group.com                          www.abchurch-group.com


Notes to editors

Atlantic Global develops innovative software applications that enable
organisations to monitor, manage and model the fundamental pillars of their
business - resources, skills and costs.

In addition to its flagship Corporate Vision(TM) solution, which offers a
real-time, role-based view (rba) of business operations, Atlantic Global
Business Solutions(TM) also offers a series of business management-focused
applications including planning and resource management, timesheet and expense
tracking, business information tracking, risk management and contractor
management. Atlantic Global's customer base ranges from SMEs to Global 1,000
organisations and includes Barclays, Colt Telecommunications, GlaxoSmithKline,
NEC, Norwich Union, Pfizer, The Metropolitan Police and Virgin Mobile.

Founded in 1993, Atlantic Global is headquartered in West Yorkshire, England. It
listed on the Alternative Investment Market of The London Stock Exchange (AIM)
in June 2001.

Investors Centre Website

See www.atlantic-global.com for new updated investor section and email alerts.


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

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