InterQuest Group PLC - Warranty Claim

Pubished 23rd December 2011


Warranty Claim

In August this year, InterQuest Group plc (AIM: ITQ.L) announced that contracts with the recently acquired Contract Connections Limited ("CCL") had been terminated due to apparent impropriety and alleged fraud within a major client.

Following legal advice, the Board has today issued formal notice of a warranty claim against the vendors of CCL for the sum of £3,835,909 excluding interest and costs.

The Board will update investors on this issue as and when appropriate.

For further information please contact:

InterQuest Group plcThreadneedle CommunicationsfinnCap
020 7025 0100020 7653 9850020 7600 1658
Gary Ashworth, Executive ChairmanCaroline Evans-JonesMarc Young
Michael Joyce, Finance DirectorFiona ConroyCharlotte Stranner


About InterQuest

The InterQuest Group is a specialist technology recruitment Group providing contract and permanent recruitment services within niche disciplines in the UK, and Southeast Asia. The Group comprises specialist divisions covering a range of technology and analytical skill sets including Analytics, Digital, ERP (SAP, Oracle), Enterprise Systems Management (Infrastructure, ITSM, ITAM), Mobile, Quality Assurance & Testing and Telecommunications. The Group operates across multiple industries with a significant presence and expertise in Financial Markets (Banking & Insurance), Public Sector, Not-for-Profit and Retail.