Mediasurface Announces Market-Beating Performance

From: Mediasurface North America
Published: Fri May 06 2005


Mediasurface has announced a highly successful first six months, since floating on the Alternative Investment Market (AIM) in August 2004, which coincides with financial results ahead of market expectations.

Group revenues for the first six months increased by 29% to 3.66 million ($6.85MM) vs. 2.83 million ($5.39 MM) in 2004. The Group achieved a pre-tax profit of 0.14 million ($0.27MM), 2004: Pre-tax Loss 0.15 ($0.29MM). Net Assets stood at 1.67 million ($3.18MM) compared with 1.46 million ($2.78MM) at 30th September 2004. Behind these headline numbers the company is pleased to report that all of its revenues streams showed growth on the same period last year with:
Licence sales up 36%
Consultancy and training up 44%
Recurring revenues on an annualized basis up from 1.72MM ($3.27MM) to 1.91MM ($3.64MM), up 11%.

During the last six months, Mediasurface has closed 25 new deals, and signed its biggest ever single deal to supply intranet-related services to Citigroup's Corporate and Investment Banking group across EMEA. The deal, worth in excess of 500,000 ($952,007) will contribute over 400,000 ($761,505) in this financial year. This represents a major win for the Company and has considerable future potential.

Other significant wins in this period included new contracts with ESPN, Intercontinental Hotels and AEGON. Those deals further establish Mediasurface as a key supplier of Web Content Management Solutions. David Deacon, Mediasurface Chief Financial Officer, said: "This set of results is a clear demonstration of the success of Mediasurface and our flagship product Morello. The record of new business won in the last six months, with such names as the Home Office, ESPN, Intercontinental Hotels and Citigroup, shows that some very significant customers have invested in our time, our expertise and our vision. These are exciting times for Mediasurface and our investors should take comfort that we have great products, great management and great prospects."

In April, Mediasurface announced the acquisition of Class-Act BV, the Netherlands-based supplier of the Silverbullet content management system.
Silverbullet is a low-cost ASP ('Application Service Provider') solution with many customers and profitable revenue streams. This deal allows Mediasurface to cover the full range of customers seeking content management solutions: from low-end to high-end, both through the Silverbullet product and Mediasurface Morello.


About Mediasurface
Mediasurface empowers the business user to build and manage sophisticated content-driven websites. By providing business users with easy to use software that combines an interactive, graphical look and feel with industrial strength technology, Mediasurface enables them to regain complete ownership of their sites. This removes the burden of continually maintaining and updating sites from IT departments, allowing them to refocus on their core task of adding real business value.

Mediasurface helps organizations reduce the risks and costs involved in building and running websites and other digital channels. It increases their ability to keep pace with change and assures the quality of the content published.

An AIM listed company (ticker: MSR) headquartered in Newbury, UK, with offices in the US and the Netherlands, Mediasurface products and services have been implemented to drive hundreds of web applications solutions for customers across the United States and Europe.

Mediasurface North America, based in Stamford, CT, provides content management software for a host of North American companies, including ESPN, World Wrestling Entertainment, SSA Global, Intercontinental Hotels Group, Thompson Scientific, College of the Holy Cross, Ingersoll-Rand Company, Assurant, Extend Media and Oxford University Press.

For additional information, please go to www.mediasurface.com

Press contact:
Mediasurface North America:
Chaya Janardhan
Marketing Manager
Tel: 203-323-7173
Fax: 203-323-0595
Email: chaya.janardhan@mediasurface.com
Company: Mediasurface North America
Contact Name: Chaya Janardhan
Contact Email: chaya.janardhan@mediasurface.com
Contact Phone: 203-323-7173

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