NAK.L Regulatory News (NAK)

6 Sep 2006 07:01

Highams Systems Services Group PLC06 September 2006 For release 7.00am 6 September 2006 Contacts: Ted Andrews, Group Managing Director Highams System Services Group plc Tel: 01883 341 144 Tarquin Edwards / Chris Steele 07879 458 364 / 07979 604 687 Adventis Financial PR Tel: 020 7034 4758 Highams Systems Services Group plc ("Highams" or "the Group") AGM STATEMENT At the AGM of Highams Systems Services Group plc, the AIM-listed IT recruitmentcompany with a specialist focus on the provision of contract and permanent staffinto the insurance, financial services and investment management sectors, beingheld today at 11.30am, Ted Andrews, Group Managing Director will make thefollowing statement: "As we have previously indicated, our first full year with RWP RecruitmentServices integrated into Highams progressed well with a return to operatingprofitability. Since the start of the financial year, I am pleased to say that trading has beenencouraging. As a Group, I believe we have accurately anticipated andsuccessfully responded to our clients' staffing needs, which have shown a movemore towards higher margin permanent rather than high revenue contract staff.Consequently, we have enjoyed considerable success in our permanent recruitmentbusiness, which has enabled us pleasingly to improve our gross margins. As stated in our annual report, our emphasis is on finding such higher valuebusiness, primarily from small and medium sized organisations. We continue toseek and win new clients that meet these criteria in our niche market sectors. The fundamentals of the Group and of its markets remain sound. We continue toseek and explore strategic opportunities for the growth and development ofHighams and I look forward to the future with confidence." Ted Andrews Group Managing Director 6 September 2006 This information is provided by RNS The company news service from the London Stock Exchange