Media Release
23nd February 2001
MB Technologies on Target
MB Technologies, the JSE-listed information and Internet technology group, is
comfortably on track to achieve its earnings growth targets for the financial
year 2001, Leo Baxter, the chief executive officer said yesterday.
He was reacting to remarks addressed to the Investment Analysts' Society in
Johannesburg on Wednesday by an IT distribution company, which, commenting on
its disappointing results, suggested that all companies operating in its
industry would suffer a similar fate.
"Whilst MB Technologies derives only a portion of its earnings out of this
sector, through its value add distribution subsidiary Tarsus Technologies, this
company is producing results significantly ahead of its budget. Focused and
controlled growth in this area will ensure the ongoing success of both Tarsus
and the group," he said.
MB Technologies is scheduled to release its interim results for the six months
to February around the middle of April.
Ends.
Issued by: Meropa Communications on behalf of MB Technologies. For further
information:
MB Technologies
Leo C Baxter, CEO
Tel: 011 259 9500
Meropa Communications
John Spira
Tel: 011 784 1008
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