RNS Number:2204R
Envesta PLC
23 October 2003

For immediate release: 23 October 2003


                                  Envesta plc
                                 AGM Statement



At the Company's AGM to be held at 11.30 a.m. today, Lyndon Chapman, Executive
Chairman, will make the following statement:



"As stated in our full year's results the Company has grown considerably during
the last 12 months as indicated by the 131% increase in turnover and 76%
increase in operating profits.



"The new financial year sees the management focused on the development of its
three main trading areas: Seven Telecom servicing the UK calling card market;
Eurotel Exchange offering a similar service throughout Europe, and initially in
Spain and Italy; and a new corporate division targeting SMEs with above average
international telephone use.



"We are currently pursuing a number of acquisitions and start-up opportunities
to enhance this strategy.



"Despite a challenging market place the Group's prospects continue to be
encouraging."





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

Lyndon Chapman, Chairman                          Lindsay Mair
Kevin McGovern, Finance Director                  John Prior
Envesta plc                                       Corporate Synergy Plc
Tel: 0870 767 7778                                Tel: 020 7626 2244
kevin.mcgovern@envestaplc.com                     lmair@corporatesynergy.co.uk



Rosie Brown
Simon Hudson
Tavistock Communications
Tel: 020 7920 3150
rbrown@tavistock.co.uk



Notes 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.


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

AGMIIFFAIDLVFIV