RNS Number:7465N
Envesta PLC
21 July 2003

Strictly embargoed until: 07:00, 21 July 2003


                              TRADING UPDATE


Envesta plc ("Envesta" or "the Company"), the specialist alternative telephony
provider, today announces its pre-close period trading update and that it
intends to announce results for the year ended 30 June 2003 on Tuesday 30
September 2003.



Turnover for the year ended 30 June 2003 is expected to be in excess of #10.8
million, with profitability in line with market expectations.  In the first part
of 2003, Envesta's wholly owned subsidiary, Seven Telecom, experienced severe
price competition which resulted in a slow down in both sales and margin growth.
However, since May there has been a noticeable return to growth and an
improvement in margins.



Earlier this year, the Board identified other European trading areas within
Envesta's sector offering greater profit potential.  We look forward to
announcing further details on opportunities for the Company in those exciting
markets.



In addition, the Board has entered into final negotiations with a number of
specific and strategic acquisition targets and an announcement on the first of
these developments can be expected before the final results are announced.



Executive Chairman, Lyndon Chapman, commented: "This year has been one of
significant change in Envesta's area of niche telephony, the structure of the
Group's Board, it's shareholder base and its balance sheet.



"We have repaid the final element of the convertible loan note to Hemery
Trustees and have removed the #2.5 million Preference Share liability and
associated interest.  On 16 June 2003, Stephen Dean resigned as Chairman and has
subsequently disposed of both his personal and corporate holdings in the
Company.



"The overall restructuring of both balance sheet and equity holdings places
Envesta in a significantly stronger financial position than at the start of the
year.  The Group continues to generate cash and, as at 30 June 2003, had
significantly built upon its Interim cash balance.



"I am pleased that we enter the new financial year with these issues well behind
us. As a Board we remain confident that Envesta can maintain its ongoing growth
trend and are excited that we have before us both substantial profit and
corporate opportunities."




For further information please visit www.envestaplc.com and www.seventelecom.com
or contact:



For further information please visit www.envestaplc.com or contact:


Lyndon Chapman, Chairman                         Rosie Brown
Kevin McGovern, Finance Director                 Melissa Hubbard
Envesta plc                                      Tavistock Communications
Tel: 0870 767 7778                               Tel: 020 7600 2288
e-mail: lyndon@envestaplc.com                    e-mail: rbrown@tavistock.co.uk





Note to Editors:



Envesta plc has been transformed within two years from a loss making on-line
property development company to a profitable telecommunications provider. Its
principal operating subsidiary is Seven Telecom, which continues to grow
organically by identifying further niche gaps in the market. While still
concentrating on what it does best - providing the infrastructure and capability
to deliver cost effective, quality international telephone connections - it has
achieved impressive revenue growth, remaining profitable and cash generative.










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