PHSC Regulatory News (PHSC)

9 September 2013 PHSC PLC Pre-AGM Trading Update PHSC plc ("the Group"), a leading provider of health, safety, hygiene andenvironmental consultancy services and security solutions to the public andprivate sectors, is pleased to announce an update on its performance ahead ofits AGM due to be held today. At that meeting the Group Chief Executive,Stephen King, will be commenting on the Group's performance for the period tothe end of July 2013, and updating shareholders on current developments. Unaudited consolidated Group sales (and other income) for the period 1 April to31 July 2013 were GBP2,351,965 (GBP1,345,000 for the same period last year)with EBITDA of GBP177,000 (2012: GBP48,000). It is worth noting that Julyinvoicing across the group was the largest month for some time, at GBP760,000including VAT. Cash at bank as at 31 July 2013, after an anniversary payment of GBP121,000 wasmade in relation to the acquisition of QCS International Limited ("QCS"), stoodat GBP146,000. Stock levels at our newest subsidiary B to B Links Limited ("B2B") rose fromGBP148,000 at the end of the financial year to GBP245,000, as the companygeared up for new CCTV installation works in August and September. Work inprogress (WIP) at Adamson's Laboratory Services Limited stood at GBP300,000, arise of GBP123,000 since the end of the financial year. The combined value ofadditional stock and WIP at those subsidiaries is GBP220,000. A furtherGBP320,000 is to be paid on the first anniversary of the B2B acquisition duringSeptember 2013 and the Group's bankers have in principle agreed to providefinancing assistance. CEO Stephen King, commenting on Group performance, said: "Our two newsubsidiaries (B2B and QCS) have made a substantial contribution to sales, whichare up GBP1 million compared with the corresponding period last year. The extrasales have flowed through to generate EBITDA of GBP177,000 being more thanthree times that which had been achieved at the same stage last year. Thissubstantial growth has however reduced our cash reserves which, as always, wecontinue to monitor carefully. I look forward to reporting further progress tothe market at the time of our interim results, and remain confident of ourprospects for the rest of the financial year. For further information please contact: PHSC plcStephen King 01622 717700Stephen.king@phsc.co.ukwww.phsc.plc.uk Northland Capital Partners Limited (Nominated Adviser & Broker)Edward Hutton / Gavin Burnell 020 7796 8800John Howes / Alice Lane (Broking)