![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Advance Visual | LSE:ACV | London | Ordinary Share | GB0002565355 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.16 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:3376Y Advance Visual Communications PLC 5 February 2001 5 February 2001 ADVANCE VISUAL COMMUNICATIONS PLC ACQUIRES WEBMANIA IN PARIS Highlights - Advance Visual Communications plc acquires Paris based Internet consultancy - All paper deal, payment to be made through issue of new shares at 6.5p per share - Acquisition is further step towards Europe-wide group presence - Synergies support group's pioneering operational centralised production structure - Advance Visual Communications plc now operates from three sales locations and two production centres Advance Visual Communications plc, ("Advance" or the "Company"), the AIM listed Internet Professional Services provider (IPS), announces today that it has reached agreement to purchase Paris based Webmania in an all paper deal. Webmania has been acquired for a consideration of #100,000 to be satisfied by the issue of 1,538,461 new Ordinary shares at a price of 6.5p per new Ordinary share. In addition, an agreement has been entered into whereby a deferred consideration of #35,000 satisfied in new Ordinary shares at the prevailing market price will be payable if sales in excess of #600,000 are achieved within the first 9 months post acquisition. Advance's distinctive operational structure is designed to offer operational efficiencies and higher margins through centralised production facilities and localised sales offices. This highly scaleable operational structure fitted well with Webmania's model of outsourcing production. Integration will be efficient and redundancy free as previously outsourced production work will now be handled by Advance's strong Internet and Wireless development centre in Sophia Antipolis (South of France). Massoud Amiri, Chief Executive Officer, Advance comments: "We were keen to commence a Paris based operation as quickly as possible in order to take full advantage of the strong Internet Professional Services demand in France. With the acquisition of Webmania, we have an immediate team of knowledgeable consultants and account managers to jump-start our French sales operation. It also brings a new group of attractive clients including ADP GSI France, Arvor and the French Veterinary Services Department. We expect a strong sales growth within the French market. "During discussions with Webmania we were impressed by its skills base and approach to servicing clients. We are pleased to have found such a sales rich, production free facility in one of Europe's fastest growing IPS markets." Notes : About Webmania www.webmania.fr Webmania is an Internet Professional Services business founded in November 1999. Based on Boulevard Poissoniere, Paris, it is in the heart of the 'Silicon Sentier' region. It has four multi- lingual consultant level employees with a strong blue chip client base, which includes brands such as ADP GSI France, Arvor and DSV (the French Veterinary Services Department). Unaudited accounts for the thirteen month period ended 31st December 2000 show the company made a loss of #4,800 based on a turnover of #57,000. About Advance www.advancevisual.com Advance Visual Communications plc floated on the Alternative Investment Market (AIM) part of the London Stock Exchange in November 2000 and trades under the stock symbol ACV. It aims to create a leading pan-European Internet Professional Services (IPS) company through a combination of acquisition and organic growth and currently has operations across the UK, Switzerland and France. Advance specialises in three core areas; eMarketing, eServices and eProcesses, through which it helps companies harness the Internet to enhance margins and bring their businesses closer to their customers, suppliers and channels. Advance also provides a complete range of Multimedia and Digital Video solutions. For further information: Massoud Amiri, Chief Executive Officer Advance Visual Communications plc 0207 830 9741 Ali Amiri, Executive Director Advance Visual Communications plc 0207 830 9741 David Rydell/Billy Clegg Bell Pottinger Financial 0207 353 9203 - ends -
1 Year Advance Visual Communications Chart |
1 Month Advance Visual Communications Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions