Last checked at 15 Jul 2010 07:01
FOR IMMEDIATE RELEASE
15 July 2010
Managed Support Services plc
("MSS" or the "Group")
MAJOR CONTRACT EXTENSION
Managed Support Services plc, the technical building services provider is pleased to announce a major three year contract extension with one of the Group's largest planned maintenance customers, Bruntwood Limited ("Bruntwood").
MSS has been working with Bruntwood since 2007. Under the extended contract MSS will provide a comprehensive planned preventative programme for more than 95 per cent. of Bruntwood's managed portfolio which equates to more than 5.5 million square feet.
Annualised planned maintenance revenues have been approximately £500,000, excluding additional variable spends and refurbishment work.
MSS will also be working in partnership with Bruntwood to develop a proprietary approach to energy management and asset life cycles.
Commenting on the contract extension, Simon Beart, Chief Executive said:
"This is a long term endorsement from one of our largest customers, covering multi year revenues. This confirms the recent progress the Group has made in becoming a national supplier with scale and resources.
We expect further new contract progress as the increased capabilities of the Group are made available to our broad customer base".
FOR FURTHER INFORMATION, PLEASE CONTACT:
| Managed Support Services plc: |
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| Simon Beart, Chief Executive Piers Wilson, Finance Director | 07710 444370 01483 735703 |
| Cenkos Securities plc: |
|
| Nick Wells | 020 7397 8900 |
| Stephen Keys |
|
| Buchanan Communications: |
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| Richard Darby | 020 7466 5000 |
| Nicola Cronk |
|
Notes to editors
Managed Support Services plc is one of the UK's leading suppliers of compliance and technical building services. The Company provides compliance services, fabric and building maintenance, and ongoing servicing of commercial properties. MSS operates in a range of diverse markets with clients managing commercial property, hotels and retail buildings. Further information is obtainable from www.mssplc.com.