MXM Maxima Hldgs

 

TIDMMXM 
 
RNS Number : 5672Z 
Maxima Holdings PLC 
24 September 2009 
 

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| Embargoed until 0700                   |                      24 September 2009   | 
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Maxima Holdings plc, the IT business systems and managed services company 
AGM Statement 
At the Annual General Meeting of Maxima Holdings plc (AIM: MXM) to be held at 
the Company's offices at Cotswold Court, Lansdown Road, Cheltenham, GL50 2JA at 
noon today, the Chairman Kelvin Harrison will update shareholders on current 
trading as follows: 
"I am pleased to report that the new management team has settled in well and our 
plan to give Maxima greater focus on core areas of strength is already showing 
promising signs of success. The month of August produced the highest monthly 
sales bookings so far in 2009 confirming our belief that trading remains 
consistent with market expectations for the full year. We have increased our 
efforts in cash collection which is supporting the board's cash flow and net 
debt expectations for the full year. As part of our plan to simplify Maxima we 
have sold a small part of our communications service business, which was 
non-core to our support enablement services practice, while further activity to 
rationalise non core functions within the business is on-going. 
"Contracts with new customers have improved compared with the same period last 
year with first-time orders for Maxima solutions and services from 31 new 
customers. Enhancing our annuity revenue, a total of 26 multi-year contracts 
were completed and there were 49 examples of cross selling where existing 
customers made purchases from Maxima's wider solution and service enablement 
portfolio. 
"We have continued to drive for improvement in service and solution delivery. 
Some customers have experienced difficulty as a result of the economic downturn 
and we do all we can to assist them through the provision of a more cost 
effective IT service delivery. Other customers are enjoying greater success: AG 
Barr, the FTSE 250 Scottish based soft drinks manufacturer and distributor, 
signed a major contract with Maxima in August to migrate their existing MFG/PRO 
ERP business system to QAD Enterprise Applications 2009. This is designed to 
equip manufacturing companies with robust financial capabilities, supply chain 
management, enterprise asset management, and transportation and logistics 
management. Although we continue to invest heavily in sales and marketing at 
this time, Maxima will continue to put customer value and quality at the top of 
our agenda." 
A further update on current trading will be issued following Maxima's half year 
ending 30 November 2009. 
 
For further information please contact: 
Maxima 
 Graham Kingsmill, Chief Executive Officer  01242 211 211 
 David 
Memory, Chief Financial Officer 01242 211 211 
Cenkos (Nominated advisor to the Company) 
 Stephen Keys  020 7397 8900 
Smithfield 
Tania Wild / Reg Hoare020 7360 4900 
 
 
Editor's Notes 
 For further information please contact: 
 Victoria Franks, 
Marketing Manager 
 +44 (0)1242 211 284 
marketing@maxima.co.uk 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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