| Stilo International plc (the "Company" or "Stilo")
AGM Statement
May 18, 2010
The following trading statement was issued at today's AGM:
Trading conditions in the first few months of 2010 have been encouraging, and good progress is being made on several fronts.
In the XML content processing business, orders for OmniMark software have been received from the Japan Patent Office, Honeywell and the European Parliament. Stilo Migrate v2 is currently being evaluated by one of the world’s largest technology companies, and an initial order for content conversion services has been received from a leading manufacturer of semiconductors in the USA, for the conversion of product documentation to the DITA XML format, increasingly favoured by high-tech companies.
We have recently successfully completed a project at a typesetting company in the UK, developing a system to convert books to the EPUB format for viewing on iPads, Smartphones and other mobile reading devices, and are now in the process of promoting a Migrate-based EPUB conversion service more generally to publishing organisations. Additionally we have, in May, received a significant order from ALLDATA, a leading provider of OEM auto repair software to the professional automotive service industry, to further develop a system to convert, aggregate and publish technical information online.
In the SAP business division, projects are currently underway with Micromass UK, AgustaWestland (in the UK and Italy), Toshiba, EADS and encouragingly an order has been received from Martin Baker Aircraft for our recently announced Impact Analysis software. We are currently going through the process of having our software certified by SAP, and have recently partnered with three companies in Germany to begin to address business opportunities in that country.
Overall, the Board is pleased with the progress made to date, and is confident that recent organisational and management changes have helped better position us for future growth and a return to profitability during 2010.
Finally, the Board is pleased to confirm that all resolutions put to shareholders at the Company's Annual General Meeting, held earlier today were duly passed.
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For further information, please contact:
Les Burnham, CEO, Stilo International plc
Tel: +44 (0)1793 441 444
Russell Cook/Carl Homes, Charles Stanley Securities
Tel: +44 (0)207 149 6000
Nominated Adviser
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