ARCHIVE 2007

AdEPT Telecom - Trading Update

AdEPT a leading independent provider of telecommunications services for landline calls, line rental, and broadband, announces a trading update post its financial year end on 31 March 2007.

For the 12 months to 31 March 2007, the Company expects total revenues and EBITDA to be ahead of expectations and Profits before Tax to be well ahead.

AdEPT remains in a good position to continue to act as a consolidator of the highly fragmented fixed line reseller market, which is estimated to contain almost 1,000 small service providers. There therefore remains considerable scope for AdEPT to grow organically and through acquisition, and the current pipeline of acquisitions remains strong. The Company continues to target fixed line resellers as well as opportunities in the broadband and mobile space.

During 2006, the telecommunications sector experienced a period of increased competition particularly as a result of free broadband offers and packaging of fixed line with mobile. AdEPT has responded with the launch of a national business grade broadband offering with speeds of up to 8mb (or in some cases up to 24mb dependent on network availability).

The market environment has improved from last year and this, together with a greater focus on customer service has led to a decrease in the level of customer churn. From August to March customer churn has reduced by 1/3.

AdEPT looks forward to further updating the market at the time of preliminary results for the year ended 31 March 2007, in early July 2007.

Roger Wilson, Chairman of AdEPT, said, "Our product offering is broadening from our core focus on fixed line with our successful broadband offer and we are looking at opportunities in the mobile sector. Discussions are continuing with a number of potential acquisition targets which we believe could be successfully incorporated within the AdEPT business model and generate significant shareholder value. Taken together AdEPT is in a good position to continue to expand."

Enquiries

AdEPT Telecom Roger Wilson Tel: 07786111535
Chairman

Strand Partners Simon Raggett Tel: 0207 409 3494
Warren Pierce

Cardew Group Tim Robertson Tel: 020 7930 0777
M: 07900 927650
Shan Shan Willenbrock

Notes for Editors:

AdEPT Telecom is a leading non-network, UK telecom company that provides fixed-line calls and line rental to business and residential customers in the UK. AdEPT Telecom is focused on growing the business by way of acquisition and has a proven M&A track record and an effective integration process. Since inception, it has completed and integrated 13 acquisitions, including the acquisition of 10, 000 business customers of Fizz Telecom Limited, which it acquired on 1 June 2006. AdEPT Telecom is listed on the Alternative Investment Market ("AIM") under the ticker symbol ADT.L.

This information is provided by RNS
The company news service from the London Stock Exchange