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EKY Ekay

6.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ekay LSE:EKY London Ordinary Share GB00B0NL6B21 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Acquisition(s)

21/06/2007 11:40am

UK Regulatory


    Ekay PLC                                    

                                  Acquisition                                  

          Further investment cements presence in the Channel Islands           

Ekay PLC ("Ekay" or the "Company"), the advertising and marketing agency
specialising in the SME market, which acquired the Channel Islands' leading
advertising and marketing company, Wallace Barnaby & Associates Ltd ("Wallace
Barnaby") in November 2006 (together the "Group"), announces the acquisition of
Guernsey based Campaign Management Associates Limited ("CMA").

Acquisition of CMA was through a cash consideration of £245,000, of which 75%
is deferred until December 2007, based on performance. For the 12 months ended
31 October 2006, CMA achieved an unaudited net profit of £30,691 on unaudited
sales of £627,190. Net cash on account is currently at £30,000.

Wallace Barnaby is an advertising and marketing agency providing a number of
media related services including strategic planning, international media
buying, creative advertising solutions, event management, PR and online
marketing solutions.

CMA, established in 1981, provides public relations, event management, design
and print services to the public and private sectors in the Channel Islands and
the UK. The majority of business activity is focused on event management. CMA
has a strong client list and is responsible for many of the major events run in
Jersey and Guernsey, with several new contracts recently signed. Integration
with Wallace Barnaby will significantly add to their PR capacity and marketing
programme, while allowing for new opportunities as well as access to available
resources from the enlarged group.

Eddie Powell, Chief Executive, Ekay Plc commented:

"This acquisition will lend additional synergies to Ekay through cross
marketing opportunities and an enlarged presence, enabling the Group to attract
better quality clients.

"The acquisition of such a leading agency demonstrates the positive impact of
the Wallace Burnaby acquisition and commitment to an ongoing growth strategy."

                                                                   21 June 2007

Enquiries:

Ekay PLC                               0147 433 4343                         
                                                                             
Eddie Powell, Chief Executive                                                
                                                                             
Daniel Stewart & Company Plc           020 7776 6550                         
                                                                             
Oliver Rigby                                                                 
                                                                             
Nexus Financial Ltd                    020 7451 7050                         
                                                                             
Nicholas Nelson/Kathy Boate                                                  



END


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