AGM Statement

RNS Number:4093X
ResponzeTV PLC
30 May 2007


30 May 2007


                         ResponzeTV PLC (the "Company")

                                 AGM Statement

The Company is holding its AGM later today. Executive Chairman, Steven Goodman,
will make the following statement:

"Since my previous address to shareholders at the AGM held in July 2006, the
Company has been through a number of major changes. These included a major
refocusing of its business, a capital reorganization, a move to AIM and a major
debt conversion. All of that was designed to stabilize the Company and put it
into a position from which it could grow, including by way of acquisition. That
difficult process was completed by the end of 2006 and the Company was able to
start 2007 in a position to begin implementing its growth strategy. As a result,
in the first four months of 2007, the Company was able to complete two major US
acquisitions and create a joint venture to launch a new 24 hour infomercial
channel in the UK.

Since its acquisition by the Company in January 2007, Reliant International
Media LLC ('Reliant') has been focusing on completing the development of new
products and projects for launch in 2007. It has launched in North America a
number of products, such as the Pressa Bella Steam Iron, the Mirabella Steam
Mop, Allure Smile and a number of branded items such as the Tony Little Rock N'
Roll Stepper, Chef Robert Irvine's kitchen and household products and the
Professor Amos line of cleaning products. Early signs suggest that these will be
successful products which will generate significant revenues. More product
launches are in the pipeline and Reliant aims to have a continuing pipeline of
products at different stages of development.

Famous Discoveries was acquired in March 2007 and its business has now been
successfully integrated into Reliant. It is a TV home shopping business and has,
since acquisition, been showing growth in line with the Board's expectations.

The Board anticipates seeing major revenue growth from the combined Reliant and
Famous Discoveries businesses in the second half of 2007.

In April 2007, the Group completed a joint venture to launch a new 24 hour UK
home shopping channel, now agreed to be called 'Shop Now TV'. The new
channel, which launched on 28 May 2007, is being broadcast on channel 632, which
is in prime position, near the top of the shopping genre on the Sky Digital
Platform in the UK. Its key aim is to provide UK consumers with the opportunity
to buy US and international home shopping products.

The Group's International Supply Business continues to show revenue growth
ahead of expectations. With its product sourcing strengths in China, it is
proving to be a good fit for the enlarged Reliant business in the US and the
Shop Now TV joint venture.

As announced on 22 January 2007 and 4 May 2007, the Group has borrowed US$3
million for the development of the Reliant and Famous Discoveries businesses.
The remaining borrowings of the Group which, at 31 December 2006, were US$6.75
million, are currently US$6.65 million, of which US$6.4 million is convertible
into ordinary shares of the Company.

The Board therefore continues to look to the future with confidence and expects
to see a continuation of the Group's progress throughout the rest of the year.
Further, the Board continues to look at opportunities to achieve further growth
through acquisition, in order to strengthen its position as a supplier to major
home shopping channels throughout the world.

I would again like to thank our employees for their hard work, and our
customers, suppliers, partners and our shareholders for their support over the
last year."

For further information, please contact:

ResponzeTV PLC
Steven Goodman, Executive Chairman
Tel: [phone]

Evolution Securities Limited
Bobbie Hilliam
Tel: [phone].




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

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