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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Expomedia Grp | LSE:EXP | London | Ordinary Share | GB0031056673 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1770Z Expomedia Group PLC 28 June 2007 28 June 2007 EXPOMEDIA GROUP PLC ("Expomedia" or "the Group") EXPOMEDIA ACQUIRES 90% INTEREST IN EXPOSYSTEMS The Board of Expomedia, the AIM quoted media group with interests in exhibitions, conferences, venue management and related publishing, is pleased to announce today the Group's acquisition of a 90% interest in events business 'EXPOSYSTEMS', from OOO Exposystems International. Expomedia will pay total consideration of US$1.6million in cash. The unaudited accounts of EXPOSYSTEMS for the period ended 31 December 2006 showed revenues of US$1,062,000 and a profit before tax of US$471,000. EXPOSYSTEMS was founded in 2001 and operates in Moscow, where the Group has an existing and rapidly growing conference events business. EXPOSYSTEMS currently organises five annual branded events in the IT and telecommunications sectors, and the Group expects that these will complement its existing portfolio of events in these sectors. EXPOSYSTEMS offers a solid platform for growth and the potential to internationalise the mainly Russian audience with recognised brands, strong sponsorship and exhibitor partners and over 2,000 delegates annually. Strong production, marketing and database teams will add strength and depth to the existing team within Expomedia's current Moscow business. Expomedia's conference arm, Informedia Russia, is scheduled to hold over 150 conferences and courses in 2007 - an increase from the 2006 total of 90. Covering sectors such as Real Estate, Retail, Pharma, Finance and Legal, Transport, Energy and Communications Informedia Russia is now the leading conference specialist for Russia and the CIS. Mark Shashoua, CEO commented: "EXPOSYSTEMS has been the leading provider of telecommunication events in Russia since 2001 and has a database of 20,000 strong. We are extremely pleased to make a further inroad in buying leading annual events in specialised sectors that match our growing portfolio of events. "This acquisition follows the acquisition of the BBPG conference business, also in Moscow, last December and confirms the Group's strategy of focussing on both organic growth and carefully targeted acquisitions." --ENDS-- Enquiries: Expomedia Group Plc Tel: 020 8386 0070 Mark Shashoua Bishopsgate Communications Ltd. Tel: 020 7562 3350 Dominic Barretto Sophie Davis Charles Stanley Securities Tel: 020 7149 6000 Mark Taylor This information is provided by RNS The company news service from the London Stock Exchange END ACQFRMPTMMITBLR
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