Matrix Communications Group plc

('Matrix' or the 'Group')

INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 APRIL 2004

Matrix Communications Group Plc ('Matrix' or 'The Group'), the UK's
communications integrator of choice for leading edge technologies, today
announces its unaudited results for the six months to 30 April 2004.

Highlights

* Turnover up 3,381,000 to 3,697,000

* Gross profit up 1,493,000 to 1,640,000

* Group Pre-tax profit up 822,000 to 550,000 (including minority interests)

* Net Assets up 3,146,000 to 4,473,000

* loss-making satellite communications business sold in January for 30,000

* acquired and successfully integrated three profitable IT companies during
the last 6 months in line with its core strategy

Ian Smith, CEO, commented:

'This has been a defining period for the company and we are delighted to be
reporting on the success we have achieved over the six months. As well
achieving significant organic growth from our existing businesses we have
delivered on our core objective to extend our offering and client base through
acquisition. Over the period we have succeeded in acquiring and integrating a
further three companies into the group, transforming Matrix into the UK's true
integrator of choice. As an enlarged Group we have recently won contracts with
Vodafone, B.A.R Honda and The London Internet Exchange and have engaged in a
number of talks for other exciting contracts. Looking forward, the challenge
for us now is to capture the consolidated cost efficiencies in the enlarged
Group and exploit the numerous cross-selling opportunities that are available
to us through our matured commercial relationships with our present client
base. In this period we have made great progress in turning the company around
and building a solid base of recurring revenues and high margin product mix
with leading blue chip companies. I look forward to reporting to you on our
future progress'


molatovkid - 01 Jun'04 - 07:34 - 173 of 173 edit



Embargoed Release: 07:00hrs Tuesday 1st June 2004

Matrix Communications Group Plc

(`Matrix')

Re Agreement

The Group has concluded heads of terms to acquire a profitable mid-tier
distribution business from the 1st August. This will enable Matrix to continue
to develop its market position and maintain its strong margin growth by
strengthening its key vendor relationships.

As emerging technology segments start to cross over and consolidate, it is very
important that the Group has access to Key Vendor relationships so that 'best
of breed' solutions can be offered to it's customers.

The current annual turnover of the business is 5.5m.

Further Information:

Ian Smith, CEO

Well well....just been doing a bit of digging. And guess who has just turned up connected to a US Company Glasshouse and is going to be running their UK arm. Yes Alan Watkins (formerly of Cisco Systems & MXC currently). Beleive it or not this company have just been making storage acquisitions.....ummm, the plot thickens.


News release June 8th

GlassHouse Technologies Acquires Two U.K.-Based Storage
Providers: Source Consulting and Sagitta Performance Systems
Acquisition Doubles Size of Independent Storage Services and Consulting Company
and Expands GlassHouse's Reach Into Europe


FRAMINGHAM, Mass., and LONDON, June 8 /PRNewswire/ -- GlassHouse Technologies,
Inc., a leading provider of independent storage services and consulting, today
announced it has reached a definitive agreement to acquire two United
Kingdom-based storage companies, Source Consulting and Sagitta Performance
Systems, two of the largest storage services organizations in Europe. This
acquisition, expected to close within several weeks, adds 300 clients to the
GlassHouse roster and increases the company's storage services and consulting
resources for U.S. and European customers.

Source Consulting and Sagitta Performance Systems will be merged and operated
as a wholly-owned subsidiary called GlassHouse Technologies U.K. Ltd.

The acquisition brings GlassHouse's total number of storage specialists and
consultants to 220, making it the largest independent storage consulting firm
in the world.

"Gartner Dataquest projects that the worldwide storage services market will
grow to over $30 billion by 2007," said Gartner Principal Analyst Adam Couture.
"The fastest growth segments are in consulting and management services where
we are anticipating double digit growth. This bodes well for companies
focusing on these storage services segments."

"GlassHouse is the envy of all the service providers in the storage business,"
said Steve Duplessie, founder and senior analyst, Enterprise Storage Group.
"Their model is working, their customers are thrilled and they continue to do
the right things. This deal extends the model overseas -- where a lot of
existing GlassHouse customers already have a presence."

"The success of GlassHouse, Source and Sagitta clearly demonstrates that
corporate IT departments around the world face similar challenges of managing
storage and IT resources effectively, and doing more with less," said Mark
Shirman, CEO and president, GlassHouse Technologies, Inc. "GlassHouse's
strategy is to be a global company, and establishing GlassHouse in Europe with
this strong and experienced team is the first milestone in that strategy and a
solid proof point that our company is delivering a unique value by helping
businesses solve their storage issues."

GlassHouse Technologies U.K. will be led by Managing Director of Europe Mark
Vargo (former managing director of Europe CNT), Jason Rabbetts, managing
director, U.K., and Andy Norman, senior vice president of Technology Services.

ALAN WATKINS (former managing director and founder of Cisco Systems Ltd.) will
serve as chairman of the board for GlassHouse in Europe.

"With our acquisition of Source Consulting and Sagitta Performance Systems in
the United Kingdom, we are now able to provide our European and U.S. customers
with expanded expertise and resources on two continents, from an independent
vendor standpoint," Vargo said.

About GlassHouse Technologies, Inc.

GlassHouse Technologies is the leading provider of services that help
organizations solve the business problems of enterprise storage. From strategy
through implementation, operations and customer support, GlassHouse partners
with clients to achieve predictability and manageability in storage and backup
operations, transforming storage into a strategic advantage. GlassHouse clients
include Biogen Idec, Inc., Hartz Mountain Industries, Inc., Pitney-Bowes, Inc.
and The Guardian Life Insurance Company of America. More information about
GlassHouse is available at http://www.glasshouse.com/ .

DATASOURCE: GlassHouse Technologies, Inc.

What are the implications of this? Is it pos or neg...

re statement

About bloody time mr smith!

ted whoes mr smith and what implications do you think this berlin malarky will have on matrix

Ian Smith, CEO.

der yes i should of known this so do you all reackon come august this share will be a lot better

Broker said should be around 4.75p in their opinion so draw your own conclusion, my opinion is this company is going places, will top up when I can. DYOR. Regards.

Why should you have known wantu777, you dont seem to know anything about this company.

WELL ORACKLE ITS SEEMS THATS A BIT MORE THAN YOU WAS IT NOT YOU WHO FILLED YOUR BOOTS AT 3.75P WHEN PRICE STARTED TOO FALL SAYING IT WONT GO LOWER WELL AT ONE TIME THIS WEEK YOU COULD OF BOUGHT AT 2.80P A SAVEING OF A FEW THOUAND NO DOUBT AT LEAST I DIDNT BUY AT THAT PRICE BUT I BOUGHT ANOTHER LOAD WEDNESDAY AT 2.9P SO WHAT ARE YOU SAYING...NOW

I bought some at 3p and some more at 2.35, am still quids in. If you had done your research you would not be worrying about this shares up and downs because you would know that it will rise above what you paid for it.

OrackleUK - totally agree - I bought in at 4.33 and I am not at all worried as I am sitting on this one to buy a flat - I may have to wait a while but I know it will be worth the wait and I am not going to sweat about it. Good luck to all.

u dont mean a flat wigwam fonty only jokeing this time next year we will be millionares

Another inspiring comment from wantu777 again. What do you do for a living wantu777? How old are you?? Do you spend all day worring about MXC and then asking us whats going to happen next?? If your worried then sell and if not then dont bother giving us a running commentry. I try and use this forum as part of my research and everytime I read this link all I get from you is a running commentry. I could have got that from looking at the trades page on this site.

Sorry for any spelling mistakes its sunday night and I am drinking Stella.

ORACKLE PUT STELLA DOWN WHATS SHE EVER DONE TOO YOU, BY THE WAY ANOTHER CONRACT WIN ITS 10.45AM AD 3.40 TOO BUY

well a nice little contract win and steady build up of business, I know you are only using a figure of speech about being millions richer but I think the this time next year( on current growth ).....HMMMmmmmm 6-8p.... what do you think people? SP

Would like to see 8-10p by then based on the current trend. Only time will tell.

I am thinking more along the lines of 20p but then I am a romantic dreamer! Who knows?

Just keep rising thats all I hope...

Nice mention in the Growth Company Invester under the article Five to Hit, Five to Miss, naturally MXC is one of the Hits lol.

correction Investor lol. July issue.