ATL Atlantic Global

    RNS Number : 9476Y
  Atlantic Global PLC
  14 July 2008
   

    

 Press Release  14 July 2008

    Atlantic Global Plc

    ("Atlantic Global" or "the Group")

    Trading Update

    Atlantic Global Plc (AIM: ATL), the specialist provider of integrated business and resource management software applications, announces
a trading update prior to entering the 'close period' before the announcement of its interim results for the six months ended 30 June 2008,
which are due to be published on 23 September 2008.

    Trading Results

    Turnover for the first half to June 2008 was approximately �1.1m (2007: �1.1m).  Profit before taxation will be not less than �200,000
(2007: �72,000). 

    The Group had net cash balances, at end June 2008, of over �2.0m compared with �1.55m at December 2007, showing an increase of over
�400,000.  The Group remains in the excellent position of being financially secure, with a positive cash flow being achieved during the
first half of 2008. 

    Highlights

    GETECH Group Plc, Netstore, Ibsecad, and 4D have purchased Atlantic Global Business Solutions software products for the first time. 
Orders received for additional products from existing customers include GroupM, Computacenter, Bank of Tokyo, Kingston Communications and
Norwich Union IT Services.  Strategic customers have also renewed their support service contracts.

    Outlook

    The pipeline of new business opportunities remains high, as does the potential to grow business with existing large customers.
Consequently, the Directors believe that the Group is well placed to deliver further significant profits growth in 2008. 



    Dividend

    The Group intends to pay interim and full year dividends and as a sign of the Board's confidence in the Group's prospects, the Directors
intend to declare an interim dividend of not less than 0.25p per share (nil 2007).

    Notification of Interim Results

    The Group's interim results announcement for the six months ended 30 June 2008 will be made on 23 September 2008.

    An analyst briefing given by Adrian Bradshaw (Non-executive Chairman), Eugene Blaine (Managing Director) and Rupert Hutton (Finance
Director) will be held at 9.30 am on the same day at Abchurch Communications' offices, 100 Cannon Street, London EC4.


    - Ends -

    For further information please contact:
 Atlantic Global Plc
 Eugene Blaine, Managing Director   Tel: +44 (0) 1274 863 300
 Rupert Hutton, Finance Director
 eugene.blaine@atlantic-global.com
 rupert.hutton@atlantic-global.com  www.atlantic-global.co.uk

 Collins Stewart Europe Limited
 Mark Connelly, Director, Corporate Finance  Tel: +44 (0) 207 523 8350
                                               www.collins-stewart.com

    Media enquiries:
 Abchurch Communications
 Gareth Mead/Amy West              Tel: +44 (0) 20 7398 7710
 gareth.mead@abchurch-group.com       www.abchurch-group.com


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