Pre Close Statement

RNS Number:5270T
EBTM PLC
30 April 2008


EBTM.L


                                    EBTM plc

                         (the "Company" or the "Group")


                              Pre-Close Statement


EBTM plc is an AIM quoted, vertically integrated online retailer and wholesaler
of music inspired fashion. Prior to entering its close period for the year ended
30th April 2008, the Board of EBTM plc today issues the following trading
update.


The Board is pleased to announce that trading for the latter part of the
financial year has been in line with management's expectations at the time of
the announcement of interim results in January 2008. As a result we anticipate
that the Company will report a maiden full year profit before tax. Adjusted
EBITDA and cash generation are expected to be in line with current market
expectations. Revenue for the full year is also expected to be in line with
market expectations and substantially ahead of the previous year, assisted by
the acquisitions made in June 2007. Good progress has been made since our last
update in January 2008 and the Board believes that the business is well placed
for continued growth.


Site conversion issues identified at the time of the interim results have been
addressed successfully and levels are now back to historic rates, with room for
significant further improvement. We continue to work through a company-wide plan
to maximise the benefits to our business of the brands and capabilities acquired
in the acquisitions. In particular, we are making good progress in increasing
the proportion of own brand products within the online sales mix. This has the
effect of enhancing our margins.


The Board is continuing to seek royalties and new revenue streams from its
stable of own brands. Ownership of the Atticus and Lowlife brands secures the
largest source of revenue for the wholesale business, brings margin benefits
both from licensees and from sales made by our own online and wholesale
activities. Signs are encouraging from our licensee of the Atticus brand in
North America and EBTM plc has saved around #400,000 in royalties in this
financial year by virtue of the acquisition of the brand in July 2007. The Board
has also sought further direct international wholesale relationships for EBTM
brands with some success, particularly with Lowlife branded accessories in the
USA.


The wholesale market has performed in line with expectations at the time of the
interim results despite some challenging trading conditions on the UK high
street. As of today's date, the forward order book for delivery in Autumn 2008
is healthy with mainland Europe showing good growth.


Whilst the Board remains cautious about the outlook for the wholesale business
bearing in mind current conditions on the High Street in the UK, the outlook for
the Group remains positive, in particular for the key online retail business.


In addition, the Board announces that on 30 April 2008, David Howell,
Non-executive Chairman, was granted 500,000 options at 2.6p, exercisable on or
after 21 October 2010. They will expire after ten years from the date of the
grant.


Enquiries:

EBTM plc                                                  020 7819 1950
Richard Breeden, Chief Executive
Ian Collins, Group Finance Director

Nominated Adviser                                         020 7634 4705
Nabarro Wells & Co. Limited
Hugh Oram

Biddicks                                                  020 7448 1000
Zoe Biddick




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

END
TSTDGGFDZGZGRZZ