Trading Update

ESPRO INFORMATION TECHNOLOGIES LTD ("Espro" or "the Group") Q4 TRADING UPDATE 22nd January 2008 - The Board of Espro Information Technologies Ltd (PLUS: ESP), the global provider of audio and multimedia interpretation systems and content, is pleased to update investors today on trading in the forth quarter ended 31st December 2007. The Group has seen revenues in the quarter increase by approximately 25% compared to the same quarter last year and to the previous quarter. This brings total revenues for the year to approximately US$16.5m, an increase of approximately 6% compared to the previous year (FY 06: US$15.6m), ahead of market expectations. This growth is a reflection of increasing demand for Espro's enhanced product range and innovative multimedia content creation capabilities. In particular, demand for Guide U, Espro's group guiding product increased through the year into Q4 not only from the Group's traditional tourism market but also from the corporate sector. New contracts were signed in the final quarter with existing clients, the Dresden State Arts Collection, BMW and Guinness, and new clients, the National Library of Medicine and the U.S. Capitol, both in Washington DC. The U.S. Capitol in particular was a highly significant contract both in terms of revenue generation and increasing the profile of the Group. Additionally, the interest shown by clients in the Opus series of audio and multimedia guides, launched in the summer of 2007 has been high throughout the second half. This has culminated in the signing of a number of contracts worldwide, in Europe, Australia and the US, including Westminster Abbey in London in Q4. The Board believes Opus will be one of the key drivers for growth in 2008. Further successes in Q4 included a new contract with the Forbidden City in Beijing for 2008, the year of the Olympic Games, and a content deal with Taipei's National Taiwan Museum. Commenting on today's announcement, Israel Gal, CEO of Espro, said; "I am delighted to be reporting such solid growth in the final quarter and year as a whole. We are operating in a vibrant market place and believe that we are ideally positioned to leverage our global footprint, enhanced product range, and strong market presence to generate increased growth and shareholder value in 2008." Espro will be announcing final results in March 2008. ENQUIRIES: Espro Information Technologies Ltd Tel: + 972 9 7634400 Israel Gal, CEO Nadav Karni, CFO St Helens Capital plc Tel: + 44 (0) 20 7628 5582 Barry Hocken ICIS Limited Tel: + 44 (0) 20 7651 8688 Caroline Evans-Jones About Espro Information Technologies Ltd Espro is a global developer, manufacturer and marketer of multi-lingual audio and multimedia content and hand held interpretive systems that are used in museums, cultural and visitor centres, walking tours and trade shows worldwide. The client base of the Group includes over 450 active sites, and comprises some of the world's best known museums and heritage sites, including the Museum of Modern Art in New York, the Orsay Museum and the Rodin Museum in Paris, the Imperial War Museum in London, the Guggenheim Bilbao in Spain, the State Hermitage Museum in St. Petersburg, the Museum of Fine Arts in Vienna, the Israel Museum in Jerusalem, the Royal Museums of Fine Arts of Belgium in Brussels, the National Gallery of Art in Washington, the International Antarctic Center in New Zealand, the Staatlichen Kunstsammlungen Dresden (Dresden State Art Collections) and the Forbidden City in Beijing. The Group employs approximately 90 full-time staff in 8 subsidiaries worldwide. For further information, please visit the Group website at www.espro.com. The Directors of Espro Information Technologies Ltd accept responsibility for this announcement. Espro Information Technology Limited
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