AGM & trading update

Next Fifteen Communications Grp PLC 24 January 2006 24 January 2006 Next Fifteen Communications Group plc AGM and trading update At the AGM to be held today at 2.30pm, Will Whitehorn, Chairman of Next Fifteen Communications Group plc (the "Group"), will make the following comments with regards to trading and the business since the start of the financial year, 1 August 2005. "I am pleased to report that the Group is trading in line with market expectations. In November we posted our most recent set of full year figures which showed record earnings, profit and revenues. Revenue growth has continued as a result of a much improved new business climate and the outcome is that the Group's revenue mix has yet again broadened across a wider portfolio of clients and brands. "Text 100, the largest of our businesses, has continued to add significant clients to its International network, the most notable being Philips Semiconductor as a Global client. In addition, Text 100 has added work from US mobile phone operator, Sprint; and software companies Adobe and Ariba. "Bite Communications continues to show impressive growth and has further added to its US client base with India's largest consultancy and IT services company, Infosys, and Virgin Life Care. In Sweden, Bite has recently won semiconductor giant AMD and, in the UK, it has added Symantec to the client list. In addition, Bite recently completed the acquisition of Credo Communications in the UK, with Credo's Managing Director becoming Managing Director of Bite's UK operations. As part of this acquisition, Bite added Sage and Hummingbird to its UK client list. "Inferno, which houses the Group's relationship with Microsoft in the UK, has continued to expand with the addition of US VOIP leader Vonage as a client. Meanwhile, OutCast Communications, based in San Francisco, which the Group acquired shortly before the year end, has added seven new clients in the current financial year including some impressive new startups that include Navio, Podshow and Ingres. "Following the restructuring of August One, the smallest of our operations, last year to focus more actively on non-technology businesses, performance has improved. In particular, it has had some notable client wins in the current financial year including Pricerunner and most recently npower. "Lastly, at the start of the current fiscal year, the Group acquired a 25% stake in Lexis, a leading UK consumer PR agency. This business has continued to expand at an impressive rate as a result of the expansion of current client assignments and new business from firms including Kerry Foods, Norwich Union and Airmiles. "We are pleased to note the relative strength of the US dollar compared to recent years, particularly as the Group derives over half of its profits from this market. The Board remains confident about the Group's prospects. "The Group will report its Interim Results on 4 April 2006." For further information: Next Fifteen Communications Group Tim Dyson, Chief Executive 001 415 350 2801 David Dewhurst, Finance Director 07974 161 183 Merlin 020 7653 6620 Vanessa Maydon Rebecca Penney Mob. 07795 108 178 This information is provided by RNS The company news service from the London Stock Exchange
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