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Optimisa PLC (OPS)

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Friday 11 June, 2004

Optimisa PLC

Final Results

Optimisa PLC
11 June 2004


For embargoed release at 7 am
                                                          11 June 2004

               Optimisa plc (formerly known as Bizzbuild.com plc)

            Financial Statements for the year ended 31 December 2003

Optimisa plc ('Optimisa'), the AIM-listed investment holding company, today
announces its audited results for the year ended 31 December 2003.

Chairman's Statement

The results for the year to 31st December 2003 reflect a turn around in the
second half of the year, following a small loss in the first half, which has
lead to pre-tax profits of £121,000 for the year compared to £123,000 in 2002.
Shareholders funds have risen to £934,000, which include £361,000 of cash,
equity investments of £404,000 and prepayment on an investment property of
£183,000.

The year 2003 reflects a new share issue completed in early 2003, which raised
£475,000 (before expenses) for the company, and our active management of an
equity investment in a private management consultancy company, Edengene Limited,
and current cash resources.

During the year the share premium account was utilised to remove the deficit on
the Profit and Loss account and enable the company to pay dividends in the
future, if the directors consider it appropriate.  The 0.5p nominal value of
ordinary shares was consolidated on a 300 for 1 basis into £1.50 nominal value
of ordinary share.

During 2003, your company focused on maximizing the value of its holding in
Edengene. I was appointed acting chairman of Edengene in May 2003. Optimisa
increased its holding in Edengene from 7% to 10% during the year. This equity
investment is valued at £390,000 as at 31st December 2003. In May, Edengene
announced that its sales had increased by 26% to £5.8m and pre-tax profits more
than doubled to over £850,000 for their financial year ended 31st January 2004.
In 2004, Edengene received an award for 'Best Small Firm' for the year 2003 from
the Management Consultancy Association. In addition, a number of smaller
investments were disposed of during the second half of the year which generated
a profit of £72,000.

Your company is actively pursuing its basic strategy of identifying under valued
investment opportunities in small growth companies where it can take a proactive
role. Currently, we are in discussions with a number of companies which meet our
strict investment criteria based on the information made available to us. In the
meantime we actively manage our cash resources and equity investment in Edengene
while keeping operating costs to a minimum.

Yours sincerely,

R.F. Littleboy
Chairman

7 June 2004


For further information please contact:

Ron Littleboy, Chairman, Optimisa plc                    07789 691 581

Peter Holmes, Finance Director, Optimisa plc             07786 264 265

Joe Philipsz, Noble & Company Limited                    0131 225 9677





Optimisa plc

Profit and Loss Account

For the year ended 31 December 2003

                                                                           2003              2002
                                                                           £000              £000

Other operating income                                                      151               207
Other operating charges                                                     (36)              (86)
                                                                            ---               ---
Operating profit                                                            115               121

Interest receivable                                                           6                 2
                                                                            ---               ---
Profit on ordinary activities before taxation                               121               123

Tax on profit on ordinary activities                                          -                -
                                                                            ---               ---

Retained profit for the financial year                                      121               123
                                                                            ===               ===

Earnings per share (pence)                                                 34.0              59.5


All of the activities of the company are classed as continuing.


The company has no recognised gains or losses other than the results for the
year as set out above.


Optimisa plc

Balance Sheet

As at 31 December 2003

                                                                       2003               2002
                                                                       £000               £000
Fixed assets
Investments                                                             404                257
                                                                        ---             ------
Current assets
Debtors                                                                 195                251
Cash at bank                                                            361                341
                                                                        ---             ------
                                                                        556                592
                                                                       
Creditors: amounts falling due within one year                          (26)               (38)
                                                                        ---             ------
Net current assets                                                      530                554
                                                                        ---             ------
Net assets                                                              934                811
                                                                        ===             ======
Capital and reserves
Called-up equity share capital                                          534                532
Share premium account                                                   279             16,934
Profit and loss account                                                 121            (16,655)
                                                                        ---             ------
Shareholders' funds                                                     934                811
                                                                        ===             ======



These financial statements were approved by the directors on 7th June 2004


Optimisa plc

Cash Flow Statement

For the year ended 31 December 2003
                                                                       2003               2002
                                                                       £000               £000

Net cash inflow/(outflow) from operating activities                       8               (235)

Returns on investments and servicing of finance
Interest received                                                         6                  2
                                                                        ---                ---
Net cash inflow from returns on investments and servicing of finance      6                  2

Capital expenditure and financial investment
Acquisition of investments                                             (301)               (50)
Proceeds on disposal of investments                                     305                  -
                                                                        ---                ---
Net cash inflow/(outflow) from financial investment                       4                (50)
                                                                        ---                ---
Cash inflow/(outflow) before financing                                   18               (283)

Financing
Issue of equity share capital                                             2                524
                                                                        ---                ---
Net cash inflow from financing                                            2                524
                                                                        ---                ---
Increase in cash                                                         20                241
                                                                        ===                ===


Notes to the Statement of Cash Flows

Reconciliation of operating profit to net cash inflow/(outflow) from operating
activities
                                                                                2003          2002
                                                                                £000          £000

Operating profit                                                                 115           121
Depreciation                                                                       -             1
Decrease/(increase) in debtors                                                    56            (1)
Decrease in creditors                                                            (12)         (149)
Reversal of impairment of investments (see note 6)                              (111)         (207)
Impairment of investment (see note 6)                                             32             -
Profit on disposal of investments                                                (72)            -
                                                                                 ---           ---
Net cash inflow/(outflow) from operating activities                                8          (235)
                                                                                 ===           ===


Reconciliation of net cash flow to movement in net funds
                                                                                2003          2002
                                                                                £000          £000


Increase in cash in the period                                                    20           241

Net funds at 1 January 2003                                                      341           100
                                                                                 ---           ---
Net funds at 31 December 2003                                                    361           341
                                                                                 ===           ===



Analysis of changes in net funds
                                                                  

                                                                At                        At 31
                                                    1 January 2003    Cash flows  December 2003
                                                              £000          £000           £000


Cash in hand and at bank                                       341            20            361
                                                               ---            --            ---
Net funds                                                      341            20            361
                                                               ===            ==            ===


Notes

1. Basis of preparation

The financial statements have been prepared in accordance with applicable
accounting standards and under the historical cost convention.

The principal accounting policies of the company have remained unchanged from
the previous year.

2. Report and Accounts

The financial information set out in this announcement, which was approved by
the Board on 7 June 2004, is audited and does not constitute statutory accounts
for the period ended 31 December 2003 within the meaning of section 240 of the
Companies Act 1995 but is derived from those accounts. The statutory accounts
received an unqualified audit report and will be filed with the Registrar of
Companies.

3. Earnings per share

                                                                       2003           2002
                                                                       £000           £000

Profit attributable to shareholders                                     121            123
                                                                        ---            ---


                                                                     Number         Number


Weighted average number of shares in issue                          355,656        206,601


                                                                      Pence          Pence

Basic earnings per share                                               34.0           59.5

There is no potential dilution to the current year earnings per share in respect
of 'in the money share' options at 31 December 2003 and 2002.

During the year a special resolution was passed to consolidate the ordinary
shares on a 300 for 1 basis. Therefore the earnings per share value has been
adjusted for 2002, to show a fair comparison with the earnings per share value
for 2003.

4. The Directors have not declared a dividend for the period.

5. The Annual General Meeting of the Company will be held at 11 am on 8th July
2004 at 1st Floor Roxburghe House, 273-287 Regent Street, London, W1B 2HA.

6. The statutory accounts for the year ended 31 December 2003 will be sent to
shareholders as soon as practicable and further copies will be available, free
of charge, for a period of one month following posting to shareholders from the
registered office of the Company or from the Company's Nominated Adviser and
Broker, Noble & Company Limited, 76 George Street, Edinburgh, EH2 3BU. Copies of
this announcement are also available, free of charge, for a period of one month
from the above addresses.





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