MSS Managed Support

 

TIDMMSS 
 
RNS Number : 6048Q 
Managed Support Services PLC 
05 August 2010 
 

 
FOR IMMEDIATE RELEASE 
 
                                                   5 August 2010 
                          Managed Support Services plc 
                             ("MSS" or the "Group") 
 
                                 AGM STATEMENT 
 
All resolutions proposed at today's Annual General Meeting of MSS were duly 
passed. 
 
The Company issued the following statement: 
 
"The Board is pleased to confirm that MSS has delivered month on month 
profitability throughout the first quarter.  This is a considerable achievement 
given the prior year losses and the integration challenges arising from the 
acquisitions made in late 2009 and early 2010. 
 
It is anticipated that the results for the second quarter will show continued 
progress. 
 
The Group has now been able to develop a pipeline of customer opportunities and 
the Board is hopeful that these opportunities will deliver the growth planned 
for the second half. 
 
The Group is now benefiting from an experienced and extensive management team, 
many of whom have previously successfully managed rapid organic growth within 
the specialist Building Services market.  This team has also created a stable 
operating platform from which to manage further organic growth. 
 
As a result, the Board is now actively examining the potential for further add 
on acquisitions which, if executed, would be expected to increase net earnings 
substantially given the potential for cost savings and the consolidation 
opportunities available in the Group's markets". 
 
 
FOR FURTHER INFORMATION, PLEASE CONTACT: 
+--------------------------------+----------------------------------+ 
| Managed Support Services plc:  |                                  | 
+--------------------------------+----------------------------------+ 
| Simon Beart, Chief             | 07710 444370                     | 
| Executive                      | 01483 735703                     | 
| Piers Wilson, Finance          |                                  | 
| Director                       |                                  | 
+--------------------------------+----------------------------------+ 
| Cenkos Securities plc:         |                                  | 
+--------------------------------+----------------------------------+ 
|          Nick Wells            | 020 7397 8900                    | 
+--------------------------------+----------------------------------+ 
|          Stephen Keys          |                                  | 
+--------------------------------+----------------------------------+ 
| Buchanan Communications:       |                                  | 
+--------------------------------+----------------------------------+ 
|          Richard Darby         | 020 7466 5000                    | 
+--------------------------------+----------------------------------+ 
|          Nicola Cronk          |                                  | 
+--------------------------------+----------------------------------+ 
 
Notes to editors 
 
Managed Support Services plc is one of the UK's leading suppliers of compliance 
and technical building services.  The Company provides compliance services, 
fabric and building maintenance, and ongoing servicing of commercial properties. 
 MSS operates in a range of diverse markets with clients managing commercial 
property, hotels and retail buildings.  Further information is obtainable from 
www.mssplc.com. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 AGMSSEFFIFSSESA 
 

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