Order uncertainty surrounds imJack

Leeds-based imJack, formerly known as Amteus, is dependent on a

500,000 loan facility from interim chief executive and founder Jeffrey Morris.

The firm's software provides a private platform for schools to communicate, and includes instant messaging, video conferencing and file sharing.

Trading in imJack shares yesterday resumed on AIM, having been

suspended in January over financial uncertainty.

But imJack said doubts over securing orders from schools and its reliance on the loan from Mr Morris "cast significant doubt on the entity's ability to continue as a going concern".

The company yesterday said it has raised about 900,000 through a placing to fund its development.

Following this, imJack insisted its going concern status is intact and it "will continue in operational existence for the foreseeable future".

The company added it is confident given the "strength of its product" and the fundraising. It has won seven orders since its initial launch.

The group raised 710,000 and 2m through share placings in December 2008 and June 2009 respectively, but these did not prove sufficient.

Following the latest placing Mr Morris controls shares worth 26.12 per cent of imJack.

The firm yesterday reported long-delayed results for the year to the end of September 2009. It made a 3.3m pre-tax loss on revenues of 257,000.