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Blueheath Holdings (BOK)

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Tuesday 01 March, 2005

Blueheath Holdings

Year End Trading Statement

Blueheath Holdings PLC
01 March 2005

For immediate release                                           1 March 2005

                        BLUEHEATH HOLDINGS PLC (the 'Company')

                           Year End Trading Statement

Blueheath,   the national delivered wholesaler which uses sophisticated,
proprietary technology to offer a substantial cost advantage over established
players in the £16.4bn grocery wholesale sector, today provides an update on
trading for the year ending 26 February 2005. Preliminary results will be
announced on 4 May 2005

New Account Wins

Blueheath is pleased to announce four new account wins and an extension to an
existing contract. These accounts are expected to be fully operational within 8
weeks  and will add in excess of £34m net of incremental revenue.  The new
accounts comprise two forecourt operators, a leisure sector operator and the
Company's first food service operator. The contract extension relates to the
roll out of Blueheath's service to an additional 17 Malthurst sites.

Other current trading developments include a two-year extension to the existing
agreement with Vue Cinemas and the continued success of the Company's expanded
offer to smaller and medium sized chains.

Trading Update

With the addition of the revenue from the recent account wins, Blueheath's
annualised run rate will be close to the year end turnover forecast expected at
the time of the AIM listing in July 2004. However, due to the time it has taken
to secure and roll out these accounts, both revenues and profits in the current
financial year will be lower than expected at the time of the AIM listing. The
Directors therefore expect revenue for the year ended 26 February 2005 to be
approximately £70m.

Trading Prospects

The Directors have always been keen to stress that timing of new account wins is
difficult to predict, but are encouraged that the accounts detailed above have,
after some timing delays, closed as expected. Recent account wins have now
placed Blueheath in a position consistent with our stated objectives and the new
business pipeline also remains strong.

Blueheath Holdings plc
Douglas Gurr, Chief Executive                       Tel: 020 7689 2455
Simon Mindham, Finance Director                     Tel: 020 7689 2464

Buchanan Communications                             Tel: 020 7466 5000
Mark Edwards / Nicola Cronk / Tom Carroll           email:

                      This information is provided by RNS
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