NXS Nexus Man

 
TIDMNXS 
 
4 October 2010 
 
                             NEXUS MANAGEMENT PLC 
 
                     ('Nexus Management' or 'the Company') 
 
                               TRADING STATEMENT 
 
Nexus Management Plc, the AIM quoted provider of specialist IT Managed 
Services, announces that Resilience Technology Corporation ("Resilience") the 
Company's wholly owned subsidiary, had expected that negotiations relating to a 
major multi year order from a blue chip UK company would be completed and an 
order signed by 30 September 2010. However, such negotiations were not 
completed by that date. Consequently, revenue and profit before taxation for 
the year ended 30 September 2010 will be below market expectations. 
 
Negotiations continue with the potential customer and a further announcement 
will be made in due course following the signing of an order. 
 
The Company expects to make a pre-close trading update in November 2010 and 
announce its results for the year ended 30 September 2010 in January 2011. 
 
Commenting today Roger Richardson, CEO of Nexus Management, said: "The delay in 
the signing of the Resilience order is regrettable as the order would have had 
a significant impact on our bottom line and enhanced the visibility of the 
future earnings of the Resilience business. 
 
Despite this disappointment the Company's performance in the second half of the 
year was markedly better than the first half, which should give us a positive 
start to the new financial year. 
 
The disposal of Nerd Force in July, which was loss making in the ten month 
period before its disposal, will have a positive impact on the Company's 
financial performance in the current year. 
 
I am encouraged by the progress the Group has made in the last year against 
very difficult economic conditions in our core markets but conditions remain 
challenging. 
 
                                     -END- 
 
Enquiries: 
 
Nexus Management Plc                         Tel: 01862 812 107 
 
Roger Richardson, Chief Executive 
 
Merchant Securities Limited (NOMAD)          Tel: 020 7628 2200 
 
Simon Clements 
 
David Worlidge 
 
Daniel Stewart & Company plc (Broker)        Tel: 020 7776 6550 
 
Christopher Theis 
 
Bishopsgate Communications Ltd               Tel: 020 7562 3350 
 
Gemma O'Hara / Siobhra Murphy 
 
nexus@bishopsgatecommunications.com 
 
About Nexus Management plc 
 
Nexus Management is a specialist IT Managed Services and network security 
provider. Nexus has two key markets: Europe and the US, where it can offer its 
customers 24 hour support 7 days a week. Nexus specialises in all aspects of IT 
for small to medium sized companies with services such as Remote Server 
Management, Disaster Recovery, Secure Data Storage, Help-Desk, Desktop Support 
and Wide Area Network Management and Monitoring - providing Enterprise calibre 
technical support. We also through our Resilience subsidiary offer the largest 
companies in the world superior appliances to run their network security 
software. 
 
  Nexus is quoted on AIM, a market of the London Stock Exchange. For further 
          information on the Company, please visit www.nexusmgmt.com 
 
 
 
END 
 

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