Techinvest – 01 October 2008 – contract win

Imaginatik 4.25p

(IMTK; AIM, Tech Software & Services) 

The Company has signed a three-year contract to provide its core software. Idea Central, to Reed Elsevier. An annual licence contract with Bombardier was also concluded. Imaginatik also said it raised £0.22m before expenses through a conditional placing of 5.5 million shares at 4p to institutions. The proceeds will be invested in the sales operation in Britain and the United States to increase follow-through sales to major clients.

The deals underline the significant growth potential with this stock. Continue to buy. 

Source: Techinvest magazine, 01 Oct 2008, page 2