RNS - Time to get in5 Aug 2010 13:04
Managed Support Services plc
("MSS" or the "Group")
AGM STATEMENT
All resolutions proposed at today's Annual General Meeting of MSS were duly
passed.
The Company issued the following statement:
"The Board is pleased to confirm that MSS has delivered month on month
profitability throughout the first quarter. This is a considerable achievement
given the prior year losses and the integration challenges arising from the
acquisitions made in late 2009 and early 2010.
It is anticipated that the results for the second quarter will show continued
progress.
The Group has now been able to develop a pipeline of customer opportunities and
the Board is hopeful that these opportunities will deliver the growth planned
for the second half.
The Group is now benefiting from an experienced and extensive management team,
many of whom have previously successfully managed rapid organic growth within
the specialist Building Services market. This team has also created a stable
operating platform from which to manage further organic growth.
As a result, the Board is now actively examining the potential for further add
on acquisitions which, if executed, would be expected to increase net earnings
substantially given the potential for cost savings and the consolidation
opportunities available in the Group's markets".