Final Results

RNS Number:6737I
Zyzygy PLC
28 November 2007


Zyzygy plc

Results for the year ended 30th June 2007

Zyzygy plc ('the Company') is pleased to announce its audited preliminary
results for the year ended 30 June 2007.


Chairman's Statement

We at Zyzygy are delighted to announce that we have made another profit this
year of #457,000 and as in 2006 were able to pay a dividend. Just after the end
of the financial year, we appointed Peter Hire to our Board in the role of
Non-Executive Director, as a replacement for John Pool. We have immediately
found the experience Peter had gained with Dresdner Kleinwort Wasserstein and
Honeywell's to have beneficial impact on the composition of the Board and
believe his ongoing contribution will positively add to the performance of the
company.

From the sidelines it may appear that Zyzygy have had a relatively quiet year.
However the reality absolutely contradicts that possible perception. Our two
current major projects are very close to reaching fruition after more careful
nurturing and investment.


Marine Track Limited

The company has made huge strides in the past 12 months under the energetic
drive of the new CEO Stuart Nichols. Their "core" sales have grown significantly
and more importantly a rapidly building pipeline of new business opportunities
is increasing month by month. Even so it is their "special projects" agenda
which really gives us   cause for optimism. One such project is for an Asian
government. In Q1 '07 we received a letter of intent from their agents to the
effect that we had been awarded  50%  of a large pilot order , with the other
50% being awarded to a company using Wireless technology rather than satellite
technology (which is MarineTrack's proposed solution). With this information to
hand the Marine Track Board decided to commence the process to an AIM listing.
During Q2 '07 we learnt that the government in question had realised that the
Wireless solution was not viable and decided to go 100% down the satellite
route. They cancelled the pilot scheme and decided to move straight ahead with
the full order  using satellite technology. Invitations to tender were issued
with every indication that the decision would be finalised in Q3 '07.   The
government concerned have elections due and unexpectedly decided, rather than to
award the contract as previously indicated, their interests would be better
served by including the details of the tracking solution within their manifesto.
We now understand that the contract will be awarded in early 2008, and we remain
hopeful that MarineTrack will  be the preferred supplier.

With the core business developing strongly at Marine Track a decision was made
to proceed with the IPO, which we hope will be finalised soon. However, so the
Zyzygy investors will not lose out if MarineTrack secures the Asian contract, a
new company has been formed with Zyzygy a significant shareholder,  through
which the previously mentioned government contract will be channelled if
MarineTrack's tender is successful.

Several other interesting projects are also currently being pursued.


Nice Tech Limited

During the year the company have successfully taken the CBBC/Ragdoll project
"Tronji World" through alpha and beta testing milestones, and are on target to
have the game finalised and hosted  in time to coincide with the launch of the
new children's television programme, for which it was commissioned to
complement. The project was recently showcased at the BAFTA's "working with
games" conference in London. After a which a senior BBC Worldwide executive
opined to the invited audience that Tronji World was technically  the most
exciting project he has worked on during his time with the BBC.

The attention which the company has recently received from several giant global
corporate companies which are all commonly known household names, has been both
heart warming and staggering.

During the year  Nice Tech have also successfully completed a minor project for
another renowned  British TV production company, and have just commenced a new
project for a US based Media production company.

It had been our intention to list  Nice Tech during the year, however it soon
became apparent to us at Zyzygy that much greater value and benefit would be
derived for our shareholders if we adopted a more patient approach.  However we
now intend to float Nice Tech on the AIM market, or arrange an alternate
significant fundraising in the first half of 2008.

Of our other current investments in Next Gen Plc and Physiomics Plc it was
pleasing to learn that the latter recently secured a contract with the global
pharmaceutical giant Eli Lilly.

Armed with the above information it is my belief that 2008 will be a year of
considerable importance for Zyzygy.  I would like to take this opportunity to
thank my fellow directors Edward Oliver and Peter Hire who have both  worked
tirelessly towards our common goal, namely the advancement of our company.


Duncan Lipscombe
Chairman

23 November 2007



Statement of total return for the year ended 30th June 2007


                                        Capital     Revenue      2007        Capital     Revenue      2006
                                                                 Total                                Total
                                        #'000       #'000        #'000       #'000       #'000        #'000

Gains on investments                    856         -            856         1,204       -            1,204
Income                                  -           -            -           -           40           40

Gross revenue and capital return        856         -            856         1,204       40           1,244

Administrative expenses                 -           (221)        (221)       -           (187)        (187)

Net return/(deficit) before             856         (221)        635         1,204       (147)        1,057
exceptional items, finance costs
and taxation

Interest receivable                     -           1            1           -           1            1

Return/(deficit) on ordinary            856         (220)        636         1,204       (146)        1,058
activities before taxation

Tax on return/(deficit) on              (179)       -            (179)       (298)       -            (298)
ordinary activities

Return/(deficit) for the financial      677         (220)        457         906         (146)        760
year

Return/(deficit) per ordinary           0.10p       (0.03p)      0.07p       0.16p       (0.03p)      0.13p
share (Basic and fully diluted)


The return per ordinary share is based on the weighted average number of
ordinary shares in issue during the year of 645,485,142 ordinary shares of 0.1p
(2006: 574,991,991 ordinary shares of 0.1p).

All of the above results arise from continuing activities.  There are no
recognised gains and losses for the year other than those reflected in the above
Statement of Total Return.


Balance sheet at 30th June 2007

                                                      2007         2007          2006         2006
                                                      #'000        #'000         #'000        #'000

Fixed assets
Investments                                                        4,325                      3,802

Current assets
Debtors                                               927                        92
Cash at bank                                          71                         41

                                                      998                        133

Creditors: amounts falling due within one             (607)                      (97)
year

Net current assets                                                 391                        36

Total assets less current liabilities                              4,716                      3,838

Provisions for liabilities                                         (545)                      (366)

Net assets                                                         4,171                      3,472

Capital and reserves
Called up share capital                                            652                        575
Share premium account                                              1,361                      1,139
Capital reserve unrealised                                         1,184                      1,081
Capital reserve realised                                           939                        365
Revenue reserve                                                    35                         312

Shareholders' funds                                                4,171                      3,472

Net assets value per ordinary share                                0.6p                       0.6p


The net asset value per ordinary share is based on net assets at the year end
and on 652,491,991 ordinary shares of 0.1p (2006: 574,991,991 ordinary shares of
0.1p), being the number of shares in issue at the year end.

The financial statements were approved by the Board of directors on 23 November
2007.


Cash flow statement for the year ended 30 June 2007

                                                         2007         2007         2006         2006
                                                         #'000        #'000        #'000        #'000

Net cash inflow/(outflow) from operating                              289                       (280)
activities

Returns on investment
Interest received                                                     1                         1

                                                                      290                       (279)

Capital expenditure and financial investment
Purchase of investments                                               (75)                      (1,345)
Loans to investee companies                                           (612)                     -
Sale of investments                                                   185                       1,659

                                                                      (502)                     314

Dividend paid                                                         (57)                      -

Net cash (outflow)/inflow before financing                            (269)                     35

Financing:
Issue of share capital                                   78                        -
Share premium received on share capital issued           232                       -
Less: Share issue expenses written off                   (11)                      -
                                                                      299                       -

Increase in cash                                                      30                        35



Notes

1. Financial information

The financial information set out in this announcement does not constitute the
Company's statutory accounts for the period ended 30 June 2007 but is derived
from those accounts. Statutory accounts for the period will be delivered to
Companies House following the Company's Annual General Meeting. The Group's
auditors have reported on these accounts; their report was unqualified and did
not contain statements under section 237(2) or (3) of the Companies Act 1985.

2. Availability of accounts

The full audited accounts of Zyzygy plc for the year ended 30 June 2007 and
Notice of the Annual General Meeting are today being posted to shareholders and
will be available for a period of one month to the public at the Company's
registered office, at the Company's registered office, Maple Cottage, Arkesden
Road, Clavering, Saffron Waldon, Essex, CB11 4QU and at the Company's website,
www.zyzygy.co.uk


3. Annual General Meeting

The Annual General Meeting of Zygygy plc will be held at the offices of Bircham
Dyson Bell, 50 Broadway, Westminster, London SW1H 0BL on Friday 21 December 2007
at 1pm for the following purposes:


Ordinary business

To consider and if thought fit, to pass the following resolutions which will be
proposed as ordinary resolutions:
     
1    To receive and adopt the Company's annual accounts for the financial year 
     ended 30 June 2007 together with the last directors' report and auditors' 
     report on those accounts.

2    To reappoint Duncan Lipscombe who retires by rotation as a director of the 
     Company.

3    To elect Peter Hire who was appointed a director since the last Annual 
     General Meeting.

4    To appoint Grant Thornton UK LLP as auditors to hold office from the 
     conclusion of the meeting to the conclusion of the next meeting at which 
     the accounts are laid before the Company at a remuneration to
     be determined by the directors.


Special business

To consider and, if thought fit, pass the following resolutions, of which
resolution 5 will be proposed as an ordinary resolution and resolution 6 will be
proposed as a special resolution.
     
5    THAT the directors be and they are generally and unconditionally authorised 
     for the purposes of section 80 of the Companies Act 1985 (the "Act") to 
     exercise all the powers of the Company to allot relevant securities (within 
     the meaning of that section) up to an aggregate nominal amount of #250,000 
     provided that this authority is for a period expiring at the Company's next 
     AGM but the Company may before such expiry make an offer or agreement which 
     would or might require relevant securities to be allotted after such expiry 
     and the directors may allot relevant securities in pursuance of such offer 
     or agreement notwithstanding that the authority conferred by this
     resolution has expired.  This authority is in substitution for all earlier
     authorities, to the extent unused.

6    THAT subject to the passing of the previous resolution the directors be and 
     they are empowered pursuant to section 95 of the Act to allot equity 
     securities (within the meaning of section 94(") of the Act) wholly or cash 
     pursuant to the authority conferred by the previous resolution as if 
     section 89 (1) of the Act did not apply to any such allotment, provided 
     that this power shall be limited to the allotment of equity securities:

a    In connection with an offer of such securities by way of rights to holders 
     of ordinary shares in proportion (as nearly as may be practicable) to their 
     respective holdings of such shares, but subject to such exclusions or other 
     arrangements as the directors may deem necessary or expedient in relation 
     to fractional entitlements or any legal or practical problems under the 
     always of any territory, or the requirements of any regulatory body or 
     stock exchange; and

b    Otherwise than pursuant to sub-paragraph (a) above up to an aggregate 
     nominal amount of #250,000;

and shall expire on the conclusion of the next Annual General Meeting of the
Company after the passing of this resolution save that the Company may, before
such expiry make an offer or agreement which would or might require equity
securities to be allotted after such expiry and the directors may allot equity
securities of any such offer or agreement notwithstanding that the power
conferred by this resolution has expired.






Contacts:
Zyzygy plc                                                 01799 530490
Duncan Lipscombe, Chairman
Grant Thornton Corporate Finance                           020 7383 5100
Philip Secrett/Colin Aaronson










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