MSR Mediasurface

Mediasurface has today 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 GBP3.66 million (2004: GBP2.83 million). The Group achieved a pre-tax profit of GBP0.14 million (2004: Pre-tax Loss GBP0.15). Net assets stood at GBP1.67 million compared with GBP1.46 million at 30 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 annualised basis up 11% from GBP1.72m to GBP1.91m 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 GBP500,000 will contribute over GBP400,000 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 the Home Office and an additional contract at Ofcom. Those deals, collectively worth in excess of GBP400,000 in this financial year, further establish Mediasurface as a key supplier to the Government sector. 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 organisations 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. www.mediasurface.com