Altitude Group Plc Trading Update

The board of directors of Altitude Group Plc have reported their year figures, with improved Gross Margins in the Information and exhibitions business, sales lower in promotional businesses by 18%, improved order intake during final months of 2009, and strong cash generation to the year end. The Company has significantly improving its cash position from approximately a ?600K deficit to a year-end cash balance of approximately ?770K. It was also reported that the Company and Craig Slater (Ex: Dowlis CEO) have compromised all potential legal proceedings, the details of which are subject to confidentiality. No payment has been made by either party.