Trading Update

 

TIDMNSV 
 
RNS Number : 9636Y 
NetServices PLC 
14 September 2009 
 

14 September 2009 
 
 
 
 
NetServices Plc 
 
 
Trading update 
 
 
NetServices Plc (the 'Company') (AIM:NSV), the business-to-business unified 
network provider, provides the following trading update before entering the 
close period prior to the release of its preliminary results for the year to 
August 31 2009. 
 
 
The Company has made good strategic progress in the second half of the year by 
increasing its level of Cisco accreditation, which it believes will provide a 
significant boost for winning new business.  During the second half of the 
financial year NetServices has  become a Cisco Premier Partner and also a Host/ 
Agent  Managed Service Channel Partner ("MSCP").  This enables overseas MSCPs to 
appoint  NetSevices to provide managed network services for their UK based 
connections. 
 
 
In its interim results announced on 12 May 2009, the Company acknowledged that 
establishing and developing the necessary relationships to monetise its MSCP 
capability would take time; this has proved correct.  As a consequence, the 
Directors anticipate that the company will report an operating loss (before 
non-recurring items) for the year to August 31 2009 in the order of GBP0.2m. 
The Company's cash balances at the 31 August 2009 were GBP0.6m (gross). 
 
 
Additionally in the interim results the Company reported that it had commenced 
negotiations during the period which may or may not lead to a reduction in the 
contractual obligation relating to its supply contract with Fibernet UK Limited 
(part of Global Crossing).  The Company has continued with its negotiations but 
has yet to conclude them to its satisfaction. 
 
 
We expect to provide further guidance and an update on current trading and 
outlook at the time of the release of our preliminary results which is currently 
anticipated to be during late November. 
 
 
Enquiries: 
 
 
NetServices plc                              Tel No: 0870 753 0900 
Mark Vickers, Chief Executive 
Ian Winn, Finance Director 
 
 
Arbuthnot Securities Limited           Tel No: 020 7012 2000 
Tom Griffiths 
Alasdair Younie 
 
 
MC2 (Manchester) Limited            Tel No: 0161 236 1352 
Melanie Miotte 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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