NXS Nexus Man

 
TIDMNXS 
 
22 November 2010 
 
                             Nexus Management plc 
 
                           ("Nexus" or "the Group") 
 
                           Pre-close Trading Update 
 
Nexus Management Plc, the AIM quoted provider of specialist IT Managed 
Services, is pleased to announce a pre-close trading update in advance of its 
final results for the year ended 30 September 2010 which are expected to be 
released in January 2011. 
 
September 2010 financial year update 
 
The Group has made steady progress in the year to September 2010 with revenues 
increasing from GBP5.5 million to just over GBP6 million. It is also expected that 
the Group will report a considerably reduced operating loss compared with the 
previous year. This increase in revenues and reduction of losses demonstrates 
the significant progress the Group has made, and although it was hoped that the 
Group would achieve a greater improvement, the Board is pleased with the 
progress to date and continues to build on this. 
 
The Board views the disposal of the Nerd Force Franchise Company ("Nerd 
Force"), which was completed earlier in the year, as a positive development. 
Nerd Force was a loss making subsidiary that required a significant amount of 
management's time. The Board is now focused on driving growth in the Group's 
remaining divisions and it is anticipated that this disposal will enhance the 
operating performance of the Group in the current financial year. 
 
The Group is pleased to report that it expects the provisions for bad debt, 
which were considerable in the 2009 fiscal year, to be substantially lower in 
the year to 30 September 2010, particularly within the Resilience Technology 
Corp ("Resilience") division. This clearly demonstrates that the processes and 
procedures that were put in place at the beginning of the financial year are 
now bearing fruit. 
 
The operating profit derived from Resilience would have been enhanced had it 
not been for the delays experienced with certain larger orders. However, the 
Group is hopeful that these contract delays will be remedied in the current 
financial year. 
 
The Group has now owned Resilience for a full 12 months, and although, due to a 
number of factors, it has taken longer than envisaged to turn around the Board 
is positive about its future growth prospects. While steady growth is 
anticipated at Resilience, this division remains dependent on selling larger 
value orders to big companies, and as previously seen, delays can be 
commonplace. 
 
While it has been another challenging year for the Group, the Board would like 
to point to the progress made in the last quarter of the year as it continues 
to work towards delivering operating profitability across all of its 
subsidiaries. In addition, the Company has generated cash from its trading 
operations in the last six months and the Board is hopeful that this trend will 
continue in the current financial year. 
 
Current trading 
 
It is too early to comment in detail on the current levels of trading as the 
Group is only two months into its current financial year. However, the Board 
continues to look at ways to grow the business without significantly increasing 
the Group's overhead base. The Board is also targeting certain areas in which 
to reduce costs whilst maintaining a high quality service to the Group's 
customers. 
 
A full update on current trading will be made when the final results are 
announced in January 2011. 
 
Commenting on the update Roger Richardson, Chief Executive Officer of Nexus 
Management, said: 
 
"The Group has made some significant steps forward in the financial year to 
September 2010 and, by reducing losses and increasing revenues, we are edging 
closer to achieving our goal of delivering operating profitability across the 
subsidiaries. The Board has refocused the Group through the disposal of Nerd 
Force and it is hoped that this will enhance the operating performance of the 
Group in the current financial year. 
 
"We look forward to updating shareholders in more detail with the release of 
the full year results in January 2011." 
 
                                     -END- 
 
Enquiries: 
 
Nexus Management Plc 
Roger Richardson, Chief Executive              Tel: 01862 812 107 
 
Merchant Securities Plc (Nominated Adviser) 
Simon Clements/David Worlidge                  Tel: 020 7628 2200 
 
Daniel Stewart (Broker) 
Christopher Theis                              Tel: 020 7776 6550 
 
Bishopsgate Communications Ltd 
Gemma O'Hara/Siobhra Murphy                    Tel: 020 7562 3350 
nexus@bishopsgatecommunications.com 
 
Notes to Editors: 
 
About Nexus Management Plc 
 
Nexus Management is a growing specialist IT Managed Services Provider. Nexus 
has two key markets: the UK and the US, where it can offer its customers 24 
hour support. Nexus specialises in Remote Server Management, Disaster Recovery, 
Data Storage, Help-Desk, Desktop Support and Wide Area Network Management and 
Monitoring - providing Enterprise calibre technical support. 
 
The Group has been at the heart of cloud computing for over 8 years. More 
recently it has developed private cloud computing, for its clients, which 
delivers all of the benefits of the cloud model without the inherent risks of a 
very large scale shared service. 
 
Due to Nexus' experience in network security and owning its own data centre, it 
is able to offer a true end-to-end secured service of an enterprise quality to 
our SME clients. 
 
Nexus is quoted on AIM, a market of the London Stock Exchange. For further 
information on the Company, please visit www.nexusmgmt.com 
 
About Resilience Technology Corp 
 
Since 1995, Resilience (www.resilience.com) has delivered network security 
appliances with the most advanced operating system. RES/OS boasts such features 
as open systems flexibility and life cycle management innovations for 
mission-critical applications. Resilience's high performance solutions are 
designed for network environments where availability is essential and security 
must not be compromised. 
 
 
 
END 
 

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