Interim Results

RNS Number:0253U
Nexus Management plc
14 November 2005


NEXUS MANAGEMENT PLC
("Nexus Management" or "the Company")
INTERIM RESULTS FOR THE HALF YEAR ENDED 30TH SEPTEMBER 2005

Nexus Management plc (LSE: NXS) is a provider of Enterprise class IT Managed
Services to the SME market, specialising in Wide Area Network Management,
Disaster Recovery, Data Storage and Remote Server Management.

Highlights

*Turnover increased 115% to #1.2m for the half year ended 30th September
2005, from #572k for the same period last year, following the successful
merger with Nexus Management Inc and strong organic growth

*Focus on cost control and higher margin business resulted in reduced
administration costs from 52% of revenue in the first half of 2004, to 40%
for the same period this year

*Profit on ordinary activities increased 539% to #68k for the half year
ended 30th September 2005, from #10k for the same period last year

*Profit for the financial period increased to #48k for the half year,
against a loss of #4k for the same period last year

*Number of clients increased to 46 from 30 this time last year, with an
average win of 2-3 new contracts a month

*Demand for newly launched NexMail service continues to be strong with 3
new customers signed in the period

*Continued search for acquisition opportunities in the UK to accelerate
growth

As described in Note 1 of the financial statements attached, the Company's
accounts have been restated for previous years under the rules of merger
accounting. The above highlights are compared to the Company's results last
year.

Commenting on the results, Chairman Boris Adlam said: "Nexus Management is now a
stable, profitable business operating in a growth market. Our state of the art
Data Centre, highly skilled engineers, 24/7 service offering and broad product
range mean we are well positioned to grow both organically in the US, and
through acquisitions in the UK. We are pleased with the progress experienced
during the first six months of the year, and are confident of a successful
outcome to the year."

For further information, please contact:

Nexus Management, Tel: +44 (0) 1862 812107
Roger Richardson, Chief Executive Officer
Peter Weller, Finance Director
ICIS, Tel: +44 (0)20 7651 8688
Tom Moriarty/Caroline Evans-Jones

About Nexus Management plc
Nexus Management is a growing specialist IT Managed Services Provider focusing
on the SME market. Following the recent merger with Nexus Management Ltd and its
US subsiduary, Nexus Management Inc, the Company re-branded from PC Medics and
now has two key markets: the UK and the US, to whom it can offer 24 hour manned
support. Nexus specialises in Remote Server Management, Disaster Recovery, Data
Storage and Wide Area Network Management and monitoring - providing Enterprise
calibre technical support to SMEs. Through its world class data centre in Maine,
Nexus' customers have access to highly secure and robust IT infrastructure,
monitoring and support.
Nexus Management plc is listed on AIM, a market of the London Stock Exchange.
For further information on the company, please visit www.nexusmgmt.com

CHIEF EXECUTIVE'S STATEMENT

INTRODUCTION

I am pleased to report that the first half of this year has continued in the
same positive vein as the previous half year, with the Company experiencing
steady progress and an increase in customers, profits and gross margins. The
benefits of the merger with Nexus Management Ltd. continue to be felt in terms
of cost efficiencies, broader geographic reach and augmented technical skills.
Our customer numbers have grown satisfactorily and we have also experienced
success in selling additional services into our existing customer base. The
investment we made in our state of the art data centre has paid dividends this
period as the market for our products continues to improve, with demand for data
storage and hosting being particularly strong.

Once built, our solutions are highly scalable and we are now in a position to
seek accelerated growth. To that end, we are continuing with the search for an
appropriate acquisition in the UK, where we believe there is potential to
leverage our capabilities and enhance efficiencies.


FINANCIAL RESULTS

Sales for the half year ended 30 September 2005 were #1,233,412 versus #572,447
for the half year ended 30 September 2004. Operating profit amounted to #67,949
compared to #10,637 for the half year ended 30 September 2004. The Company's net
profit margin increased substantially due to increased cost-efficiencies and an
increase in higher margin business. Administrative expenses as a percentage of
revenue fell from 52% in 2004 to 40% in 2005.

REVIEW OF BUSINESS

The management team have continued the review of the business, following the
merger with Nexus Management Ltd, leveraging the synergies between the two in
terms of finding further cost-efficiencies and creating a solid base for the
Company's future growth.

New Business
This half year has seen our win rate remain steady at 2-3 new contracts a month.
We have placed particular focus on selling additional services to our existing
customers which accounts for approximately two thirds of new business. We now
have 46 customers compared with 30 this time last year. We maintain a sales
pipeline in excess of #600,000 in total contract value across the UK and US
companies and this pipeline and associated forecast is reviewed every week.

R&D
We have continued to invest in R&D to develop new services to augment and
complement our current offerings. In particular, we have developed a file
management system which will go live in the next half year. This will allow
users to access files remotely - enabling smaller firms to allow their employees
the freedom and flexibility to work from multiple locations. This new service
will also offer the user a valuable data store for backup and security purposes.

We are also currently carrying out further tests in the area of Voice Over IP,
where we see significant opportunities to leverage our position with both
existing and new customers.

Our most recently launched product, NexMail, a managed email service, has been
very well received by our target market. Since its launch in March 2005 we have
signed contracts with 7 customers and have a strong sales pipeline.

The Data Centre utilisation rate has risen from 25% in June to 30% at the end of
October, leaving us plenty of room to continue to grow without additional
investment. We have added a new Apple rack to support a newly won contract with
a local school in the Massachusetts area providing centralised services for the
children.


THE MARKET

We have seen the spending levels amongst SMEs steadily increase over the period,
as investment in their outdated and overburdened IT infrastructure starts to
become a necessity as opposed to a luxury. Data storage in particular looks to
be a very exciting growth area, and one which we are well positioned to
capitalise on, due to our state of the art data centre. The demand for hosting
services is also strong. In particular, demand is growing for co-location
hosting, where our customers' server and other mission critical systems, such as
point of sales systems, email systems and databases, are all located in our data
centre. This enables our customers to benefit from a higher level of security,
an optimised environment. Disaster recovery is also driving demand for IT
managed services

FUTURE DEVELOPMENTS

The second half of the year has continued in a positive manner, with the run
rate of new contracts remaining steady at 2-3 a month. The technical superiority
of our Data Centre, the skills of our engineers and the strength of our diverse
product portfolio mean that we are confident of a successful outcome to the
year.



NEXUS MANAGEMENT PLC
CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2005

Nope not interested!

Message posted in error.

like your other rockets lol???

Like his MIL thread!!!!!!!

With the drop in sp lately this company is looking an attactive buy now.
With them already having their finger in the huge American pie its only going to grow.

Friday, 11th August 2006 09:09

Nexus says still in negotiations with PD Financial for reverse takeover

LONDON (AFX) - Nexus Management plc said it is still in negotiations with PD Financial Corp that may or may not lead to a reverse takeover of the company.

The company, which provides specialist IT managed services, announced last week that it had advanced a loan of 770,270 stg to PD Financial, a California corporation with a view to the reverse takeover of the business within the next six months.

Nexus also provided a letter of credit in favour of GE Money Bank for 804,330 stg which expires on June 1 2007. It is expected that a third party will replace Nexus' letter of credit within 60 days as there are currently two parties negotiating to purchase the letter of credit from Nexus.

Nexus, which had its shares suspended last week, said it will need to raise 1.2 mln stg net of expenses in order to complete the transaction.

PD Financial is a privately-held direct marketer of brand-name electronic products.

Nexus back up and running. Other companies offered more for PD so it didn't go through because Nexus didn't want to bid more as it would not have been good for their shareholders (too much dilution). The deal sounds good to me but what do I know? DYOR


Nexus Management plc
17 October 2006



NEXUS MANAGEMENT PLC
('Nexus Management' or 'the Company')

Re-Admission to Trading
Loan Conversion and Marketing Agreement

Nexus Management Plc ('Nexus') is pleased to announce that it has acquired a
minority stake in PD Financial corp. ('PD Financial') and that trading in the
company's shares on AIM will recommence at 7.30am on Tuesday 17 October 2006.

On 2 August 2006, the Board of Nexus stated that the company had made a loan to
PD Financial with a view to acquiring the business within the next 6 months.
Today, the Board announces that it has purchased a minority stake in PD
Financial and stopped its plans for a takeover as PD Financial has had a better
indicative offer of new investment from another party.

The loan of 770,270 and the letter of credit for the amount of 804,330
previously announced on 2 August have been converted into Series A Preferred
Stock of PD, representing 22.66% of the company. As part of the agreement Nexus
will be allowed to appoint one person to PD Financial's board of directors.

In addition, Nexus has entered into a 3-year marketing agreement with PD
Financial, whereby PD Financial will distribute Nexus software products and
services through its sales channels.

PD Financial is a privately-held direct marketer of brand-name electronic
products such as HP, Compaq, Panasonic, Sony and Apple and also has a five-year
private label credit card agreement with GE Money Bank, with an initial credit
facility of $100 million. PD Financial uses highly sophisticated targeting to
identify which consumers are most likely to make purchases and then offers a
combination of both brand name goods and attractive finance to these potential
customers.

Nexus's key interest in PD Financial is that 50% of its sales are of computers.
As a result of the previous loan arrangement made in August, these new clients
have already been offered the Nexus Help Desk Service as an add-on to every
computer sale. PD Financial believes it will sell well over 1000 new computers
every month. The Nexus Retail Help-Desk Service costs 65 ($120) for 120 minutes
of service and is telephone based. Typically the Nexus service is bundled with
the computer sale for a minimal additional amount each month.

Following this announcement trading in the company's shares on AIM will
recommence at 7.30am on Tuesday 17 October 2006.

Roger Richardson, Chief Executive Officer, stated:

'The marketing agreement with PD Financial represents an exciting opportunity
and a step change in our operations in the lucrative North American market.
Since discussions regarding a possible reverse takeover began in August, other
parties have shown an interest in PD which values it much higher than our
initial estimates. Because of this an offer for the majority shareholding of the
company became unfeasible at our stage of development and would have resulted in
too much dilution for our shareholders.

'However, through this deal we believe that we have achieved the best of both
worlds for our company. Not only have we secured an exciting partnership in the
States, but have moved from a loose association to a substantial stake in a
company which we feel will prove to be extremely profitable.'

Under Schedule 4 of the AIM Rules, and para 160 of the guidance issued by the
Committee of European Securities Regulators, Nexus is required to disclose the
following additional information about PD Financial: The registered office of
PD Financial is 11766 Wilshire Blvd, Suite 800, Los Angeles California 90025,
USA. PD Financial's field of activity is marketing. The proportion of its
capital and voting power that Nexus will hold will be 22.66%. Its issued and
outstanding share capital is 4,800,000 shares of Common Stock, 1,769,659 shares
of Series Preferred Stock and 157,159 warrants to acquire Series A Preferred
stock. PD Financial has no reserves and has yet to publish its accounts since
incorporation. PD Financial's shares will be held at a value of $3m on Nexus's
balance sheet. There are no amounts still to be paid up on PD Financial shares
held by Nexus. There were no dividends received in the course of the last
financial year. PD Financial has no liabilities with respect to Nexus, and Nexus
has no liabilities with respect to PD Financial. PD Financial's current
liabilities are $1.628m. PD Financial was established in 2006 to acquire the
business and assets of ECapital Financial Corp. For the Financial year ended 31
December 2005, ECapital Financial Corp had unaudited sales of $19.8m and a loss
of $4.2m.


For further information, please contact:
Nexus Management
Roger Richardson, Chief Executive Officer +44 (0) 1862 812 107

Threadneedle Communications
Graham Herring/Josh Royston +44 (0) 20 7936 9605

HB Corporate
Imran Ahmad +44 (0) 20 7510 8642


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 to 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. Through its world
class data centre in Maine, Nexus's customers have access to a highly secure and
robust IT infrastructure.

Nexus Management Plc is listed on AIM, a market of the London Stock Exchange.
For further information on the company, please visit

www.nexusmgmt.com

Katcenka, if you are still around would it be possible to put the word NEXUS at the beginning of the heading so that readers looking at the general investor threads list know which company this thread is about? It could be about any company as it is at the moment. It will only really get any attention if readers see the company name.

Anybody know whats driving this?

Simply a well run outfit with very good prospects.Money for jam at the moment and hopefully will continue to rise in the new year.1.4p is still good value and I shall hang on till at least 3p+ having brought in at .75p.

2007 the year for NXS shareholders to be rewarded...

Strong buying of the shares again today, despite the hols????

The waiting is over!!!

mysunshine,

If you are still around, I suggest you start another thread!

You can set up the header as you please, and include links and charts too, to add extra interest.

There are only a few posts here, you can cut and paste them all into the new thread.

If you don't know how to add in charts etc., I will be pleased to start the thread for you.