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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Intl.Marketing | LSE:IMSG | London | Ordinary Share | JE00B1YBMP41 | ORD EUR0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
IMSG International Marketing & Sales Group Limited -- Board changes and re-organisation and streamlining of Russian operations. International Marketing & Sales Group Limited (AIM: IMSG), the emerging markets focused sales and marketing company, announces that directors Alexander Popov and Dmitry Bodrenko have resigned from the Board with effect from 1 April, 2008 to pursue other interests and that the Board now intends to reorganise and streamline the Russian management structure and operations of the Group. IMSG currently employs 1,712 individuals across the group and the reorganisation and streamlining in Russia will reduce this number by approximately 80 individuals. Further details of the reorganisation will be included in the Group's preliminary results, to be announced on 24 April 2008. Alexander Popov was Managing Director of IMS Trade Marketing LLC and Dmitry Bodrenko was Managing Director of IMS Marketing; both companies are based in Russia. The Group's Russian operations, including these businesses, are trading in line with the Board's expectations, however the Board considers that it is now appropriate to streamline and reorganise the Russian management structure and operations to maintain the Company's growth. The Board would like to thank Alexander and Dmitry for their contributions and look forward to the Group's continued success in emerging markets. As stated above, the Group's preliminary results for 2007 will be announced on 24th April 2008 and the Board expects these to be in line with current market expectations. In addition, current trading is in line with the Board's expectations. Enquiries Lau Geckler International Marketing & Sales Group Limited Tel: + 7 495 796 6141 Emily Bruning/Andrew Best Shared Value Limited Tel: +44 (0)20 7321 5010 Mark Williams / Andrew Chubb Canaccord Adams Limited Tel: +44 (0)20 7050 6500 Notes to Editors -- IMSG was founded in 1996 by its Chairman and Chief Executive Officer, Gregory Thain. -- The Group was admitted to trading on AIM on 6 December 2005. -- Since 2002, the EBITDA of the Group has grown at a rate in excess of 100% per annum. IMSG has been profitable since 2000. -- The Group's clients include multinational and first tier local companies operating in FMCG, telecommunications, retail trade, banking and finance, automotive, consumer electronics and pharmaceutical industries. -- IMSG currently has 30 offices in emerging markets: Moscow, Saint Petersburg, Yekaterinburg, Kazan, Nizhniy Novgorod, Novosibirsk, Rostov-on-Don, Samara, Krasnodar (Russia), Kiev (Ukraine), Almaty Astana (Kazakhstan), Istanbul (Turkey), New Delhi, Mumbai, Bangalore, Chenai, Kolcata, Hyderabad (India) and Budapest (Hungary), Athens (Greece), Bucharest (Romania), Sofia (Bulgaria); -- Further information about the Group is available on its website at: http://www.imsg.co.uk
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