TFPL Recruitment is on the market

Message from the Chairman

“The new trading year has started positively both in terms of orders and revenues.

There are further opportunities in all three divisions at IDOX; Software, Information Solutions and Recruitment  for growth and improvement in trading performance. The markets for all three divisions will show long term growth. The improvements made in all three divisions is expected to show through during the new trading year.

In 2007 management will concentrate further on strengthening operations, product delivery and profitability while looking for opportunities in the software and related government market place allowing for both organic growth and acquisition.

The Recruitment division and related assets, while excellent in their respective markets and capable of further organic growth, will be better supported within another organisation which has these activities as its primary focus. We have therefore instructed our advisors to pursue strategic options in order to optimise the value of these assets to our shareholders.

We have recognised the need for a clearly focused strategy emphasising and building upon our local authority relationships. Consistent with this we are actively pursuing consolidation opportunities in this core business activity.”