Half Yearly Report

 MILESTONE GROUP PLC
RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2010

Milestone Group PLC (“Milestone” or the “Group”), the AIM quoted (AIM:MSG) provider of digital media and technology solutions, announces its results for the six months ended 31 March 2010.

Highlights
  • Revenue generated for the first time by the new digital solutions team
  • Investment of £0.163 million made in JumpStart Wireless Inc and Ve Interactive Ltd (year ended 30 September 2009 investments: nil)
  • Trade and other payables (excluding loans) reduced to £0.318 million (year ended 30 September 2009 trade and other payables (excluding loans): £0.373 million)
  • Board exploring further fundraising and new business opportunities in line with previous statements
  • In the six months to 31 March 2010, £0.584 million raised through share issues and loans, showing continued shareholder support, with all new share issues for cash being at above the market price at the time of issue
  • Board strengthened with the appointments of Guy van Zwanenberg as Finance Director and Mark Hargreaves as a non-executive Director  

Deborah White, Chief Executive, said:
“This is an exciting time for Milestone.  All the hard work in restructuring the Group is starting to impact positively on the business.  We are starting to see the first of the revenue streams coming through and our investments into new patented technology have enhanced our service offering.  We continue to work towards creating shareholder value through the conversion of the new business opportunities we continue to see.”

 
For further information:

Milestone Group PLC
Deborah White, Chief Executive
Tel: 020 7929 7826
 
Strand Hanson Limited
Richard Tulloch / David Altberg
Tel: 020 7409 3494

Hybridan LLP
Claire Louise Noyce
Tel: 020 7947 4350