AGM Statement

RNS Number:7948R
Invox PLC
07 November 2003


Invox plc AGM statement


7 November 2003

At the Annual General Meeting of the Company held today all ordinary and special
resolutions were passed by shareholders.

In the absence of Stephen Hargrave, Jerry Reidy read out the chairman's
statement as follows:

"Unaudited management accounts for the first quarter of the new financial year
show an improvement in both turnover and especially profit compared with the
same period last year. Net margin rose because of a change of emphasis away from
promotional inserts and towards higher margin direct-mail promotions.

The Company's customer base continues to grow and now includes more than three
million customers. We are also actively seeking to expand the range of products
offered to the customer, adding new products through profit-share arrangements
with other companies which have already undertaken the capital expenditure to
develop them. A number of trials are underway. Some of our recent promotions
have given the customer the option of responding by SMS (texting), enabling us
to build a growing database of mobile customers which we will aim to exploit in
due course.

On a cautionary note,  the Company has suffered unavoidable disruption to its
business in the last few weeks, owing to unofficial industrial action at Royal
Mail sorting and delivery offices throughout the country. Indeed, we have held
back some mailings rather than risk slow or imperfect delivery. It seems a pity
that this action has been taken despite the decision of the post workers'
national ballot not to strike. We understand that the majority of Royal Mail
staff have now returned to work, and efforts are underway to clear the
considerable backlog of mail. Consequently we look forward to resuming business
as usual.

On this basis we expect a satisfactory outcome for the year."


Further information:

            Jerry Reidy, Finance Director                  0121 214 9900
            Niall Devins, Numis Securities                 020 7776 1500
            Allan Piper, FirstCityFinancial                020 7436 7486
                                                           07050 203304 (mobile)


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

AGMNKAKKOBDDPDK