Premier Management Holdings PLC
07 March 2005
For immediate release on 7 March 2005
Premier Management Holdings plc (the 'Company')
Trading update
In the chairman's statement accompanying the interim results of the Company
announced on 28 October 2004, the Company reported that the outcome for the year
ended 31 January 2005 would be dependent on the January transfer window. The
January window was not as strong as the Company had hoped for and neither were
there any major Championship deals in the closing months of 2004. As a result
the outcome for the year ended 31 January 2005 will show a loss with the extent
of the loss being dependent on the outcome of a review of the Company's
receivables which is presently being carried out.
Whilst the football agency business is anticipated to be profitable going
forward, it does not have the scale to support the overheads of a public
company. Accordingly, the Company's Board is presently exploring a number of
opportunities to expand the football business and introduce new sources of
income to the Group. Further announcements will be made as appropriate.
The Company expects to announce its preliminary results during June 2005.
Further enquiries:
Barry Gold - Chairman (07768 948928)
ENDS
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