AGM Statement

Empresaria Group PLC 05 July 2007 Empresaria Group plc - AGM Statement 5th July 2007 At today's Annual General Meeting of Empresaria Group plc ('Empresaria' or 'the Group'), an international specialist staffing group, the Board will make the following statement: The Group has enjoyed a good first five months trading and the Board is confident about meeting its full year expectations. As in previous years, the Group is expected to generate the majority of its profits in the second half of the year due to the seasonality of a number of the Group's businesses and in line with industry trends. Germany The Group recently acquired Headway Holdings Gmbh. This acquisition has been integrated rapidly into the Group's decentralised structure and has performed strongly. In response to these positive initial signs, combined with continued strong demand for Headway's services, the Group has agreed to accelerate the development of new branches. Since the start of the year nineteen branches have been established, five of which have been post-acquisition. This rapid expansion is set to continue with at least five branches expected to be added over the coming months, taking the total to over 70 branches. A more detailed overview of Headway's performance will be given with the release of the interim results in September. South East Asia Empresaria today announces a number of developments in its operations in South East Asia. The Group has acquired a 51% stake in PT Learning Resources Indonesia ('PT Learning') for a consideration of US$127,000. PT Learning is an established training company specialising in leadership and personal development, customer service and sales training to the banking and telecommunications industries. This acquisition strengthens Empresaria's presence in the region by increasing the Group's operations to three companies and five branches in Indonesia. In addition to PT Learning, Monroe Consulting provides executive recruitment services to the local market and Advanced Career Indonesia provides HR Outsourcing solutions to the Indonesian financial services sector. The Group has also invested in two new companies, both operating under the Monroe brand. The first is Monroe Consulting Group Pte Ltd in Singapore and the second is Monroe Consulting Philippines Inc. In each case the new companies are part owned by local, experienced management teams. Both companies will focus on executive recruitment. Other Markets Established operations in the UK and Japan continue to perform well and in line with expectations. The Group continues to focus on the development of its overseas operations to gain access to high growth international markets and to create a stable operating base to manage economic and market fluctuations thereby reducing the Group's dependence and exposure to any one country. Through sector and geographic diversification the Group continues its progress in developing a broadly based international specialist staffing company. Group management development The Group today announces that Nick Hall-Palmer, Group Finance Director, is to move to the role of Group Development Director once a new Group Finance Director has been appointed. This change in role reflects the increase in breadth and scope of group operations and recognises the broader commercial role that Nick has been undertaking since joining Empresaria in 2000. For further enquiries please contact: Empresaria Group Plc 01293 649 900 Tony Martin (Chairman) Miles Hunt (Chief Executive) Nick Hall-Palmer (Finance Director) Bridgewell Limited James Wellesley-Wesley 020 7003 3000 Notes for editors: Empresaria Group plc is an international specialist staffing group built on a philosophy of management equity. Empresaria was formed in 1996 by Miles Hunt. Its business model allows founder managers and key staff within Empresaria's subsidiaries to acquire or retain a meaningful stake in the businesses they run or work in. Group strategy is to develop an international specialist staffing group balanced across sectors, geographies and operations. It currently operates in 18 countries with over 130 branches. This information is provided by RNS The company news service from the London Stock Exchange END AGMSSEFULSWSEIW
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