INVO Invocas

RNS Number:8885A
Invocas Group plc
26 July 2007


26 July 2007

                               INVOCAS GROUP PLC

                           ("Invocas" or "the Group")

                            AGM AND TRADING UPDATE

At the Annual General Meeting of Invocas Group plc, to be held at 11.00a.m.
today, Chairman Howard Bell will give the  following update on the Group's
progress since the start of the current financial year:

"As announced on 27 June 2007, the underlying conditions in Invocas' chosen
market continue to move in our favour. We  are continuing to invest in the
business, increasing our ability to deliver a better service, more value and a
wider  range of solutions to our customers.

We are actively pursuing our strategy of broadening the range of our services by
the acquisition of complementary businesses and by the in-house development of
additional debt solution services. We continue to develop referral flows from
new affinity partners which are expected to start to deliver an increasing
number of leads and our Newtomorrow call centre and website is starting to
deliver a regular flow of revenue opportunities. We look forward to updating
shareholders in due course on the progress of these various new sources of
revenue.

We welcome the recent news from The Insolvency Exchange regarding potential
changes to the structure and level of the fees for Individual Voluntary
Arrangements and proposed process efficiencies. Whilst not directly impacting on
our business, this all points towards the need to work with lenders to develop
high quality, long-term, sustainable insolvency solutions which deliver good
returns to creditors in a sensible time frame. Our chosen market positioning and
existing business model already puts us in a good position to benefit from
changes in the dynamics of our sector.

In the Board's view, Invocas is a well balanced business with a broad range of
existing work providers and a fast  developing suite of additional debt
solutions and growing network of new work providers. With favourable economic 
conditions, our excellent relationships with lenders and work referrers, ongoing
investment in the business and a  strong financial position, we remain confident
of reporting further significant progress for the Group in the year  ahead."


Website: www.invocas.com

For further information:

Invocas Group plc                  Tel: 0131 222 2460
John Hall, Chief Executive
Stephen Lightley, Finance Director

Fishburn Hedges                    Tel: 020 7544 3133 or 07747 113 930
James Benjamin                     invocas@fishburn-hedges.co.uk

Charles Stanley Securities         Tel: 020 7149 6000
Nominated Adviser
Philip Davies
Henry Fitzgerald-O'Connor

Notes to editors
Invocas is one of the UK's leading providers of personal and corporate debt
solutions. Its Personal Insolvency Division  is firmly established as the number
one provider of Protected Trust Deeds (Scottish equivalent of IVAs). Its
Corporate  Services Division has grown rapidly in recent years and already
enjoys an excellent reputation in the Scottish market  place.

Invocas applies stringent minimum case acceptance criteria to Trust Deeds. It
will only accept a case if it is likely  to progress smoothly to completion and
result in a successful outcome which balances the interests of both the indebted
individual and their creditors.

The Group's Newtomorrow service aims to provide indebted individuals with the
right advice, first time, every time.  This is achieved in a caring and
professional manner by a team of highly experienced debt advisors delivering
front  line advice. Further information on Newtomorrow can be found at
www.newtomorrow.com



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

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