AGM Statement

RNS Number:1030R
Myhome International PLC
31 March 2008

Embargoed for release at 7.00 a.m.                               31 March 2008



                            MYHOME INTERNATIONAL PLC

                          ("Myhome" or the "Company")



                        AGM STATEMENT AND TRADING UPDATE



Myhome, the UK's leading franchisor for home services, is today providing the
following update in advance of the Company's Annual General Meeting, to be held
at 10:00am today at the Company's head office in Esher.  Jon Pither, recently
appointed Chairman of Myhome will make the following statement at the meeting:



"I am delighted to have joined the Board of Myhome at a very exciting time
following the acquisition of five businesses in 2007.  These businesses
complement the original Myhome brands and provide a number of opportunities for
franchisees in the home services and automotive sectors.  The recent rapid
expansion of the Myhome Group brings the current acquisition strategy to an end
and management is now fully focussed on integration and organic growth.



The integration of Clean Team, Stainbusters, Ferrum, PlumbXpress and the
ChipsAway group is now largely complete and the Autosheen and Surface Doctor
businesses are now managed by the ChipsAway  team at Kidderminster.  The 'man in
a van' businesses will continue to operate from Kidderminster and  the ChipsAway
business has successfully completed the transition from a solvent based paint
system to an environmentally friendly water based process.



The negotiation, funding and completion of the acquisitions absorbed a great
deal of management time but they have provided a sound foundation for future
growth.  Trading in the first quarter of the current financial year was below
the Board's previous expectations but has improved in the first two months of
2008 on the back of a rise in the number of new franchisees recruited.  For the
half year ending today, 77 new franchisees have been recruited across the Group.



Myhome's businesses have traditionally been stronger in the second half of the
year than in the first half.  On the basis of the Group's current trading, it is
anticipated that this trend will be maintained this year, especially in view of
the relatively slow start to the year experienced by the Company.  Franchisee
recruitment is now accelerating towards the traditionally busier Summer months.



There is no discernable evidence to date of any downturn in consumer spending on
the services that Myhome franchisees provide and royalty income continues to
track in line with our expectations.  Nonetheless, Myhome's management continues
to monitor the economic situation closely as a number of high street businesses
appear to have been affected by a perceived slowdown in the economy.



Predicting consumer expenditure in the second half is more difficult than usual
in view of the uncertain economic circumstances.  However, the Group now has ten
businesses that provide a number of home and automotive related services to '
cash rich, time poor' customers.  Unless the economic downturn starts to affect
the business materially, the Board looks forward with confidence to the second
half of the financial year and, based on their current expectations, anticipates
that the results for the full year will be significantly ahead of last year".





For further information, please contact:



Myhome International plc                                   01372 471 575
Russell O'Connell                           [e-mail]
Neal Gossage



Noble & Company Limited                                    020 7763 2200
Nick Naylor
Alastair Maclachlan



Bishopsgate Communications Limited                         020 7562 3350
Maxine Barnes






                      This information is provided by RNS
            The company news service from the London Stock Exchange
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