AGM Statement

4imprint Group PLC
18 April 2007



Chairman's Statement - AGM

At last year's Annual General Meeting, I described the way in which the 4imprint
Group was organised and managed, the opportunities for growth, and the strategy
the Board was intent on pursuing. Today I would like to update you on the
progress we have made during the last twelve months and the prospects for the
year ahead.


First and foremost however, I want to reconfirm, that the core strategy we
pursue is the achievement of sustained growth of shareholder value, and that the
Board and Management are totally committed to that objective.


When I spoke to you last year, I described the Group structure as being based on
two geographically based Divisions; a European Division and a US Division.
During the last 12 months, the Group structure has evolved into three Divisions
which are as follows:-


(a)    The Trade Division

(b)    The European End User Division

(c)    The North American Division


First, the Trade Division. This is a UK based business, supplying promotional
products to downstream distributors of these products. A year ago it comprised
only the Product Source / MT Golf Companies based in Manchester. As you will
have already seen, this Trade business has been doubled in size with, annual
sales in excess of £25m / annum, through the acquisition of Supreme at the end
of last year. This acquisition makes the 4imprint Group's Trade Division the
largest UK based supplier of 'company badged' promotional products to the UK
distributor market. Furthermore Shareholders will have seen that we are in the
process of integrating the Product Source / MT Golf and Supreme companies into a
single unit based on the Supreme site at Blackpool. Synergies from this merger
are expected to be over £1 1/2 m / year, and the integration should be complete
by late summer of this year. This is an attractive development for the Group,
since the combined businesses have excellent growth prospects for sales in UK,
Western Europe, and longer distance markets. Furthermore the production and
design capabilities which Supreme brings to the Division provide a strong base
for extending the range of products it can offer.


Turning now to The European End User Division; this Division services the
Business client with its requirements for promotional products in three ways:-


a) A Field Sales business which uses sales representatives and catalogues to 
   sell to a wide range of small/medium sized businesses.

b) A Corporate Programmes business which provides 'blue chip' clients for 
   example major banks with a bespoke design and procurement service for 
   Corporate Promotions.

c) A Product Promotion business which services clients for example major beauty 
   care companies with bespoke design/procurement for Product Promotions.

4imprint supplies these services from its bases in Manchester, London and
Germany. This Division has total sales of over £50m / annum and all sectors of
the Division have good growth capabilities. Our Germany based business, the
Kreyer company, which has Field Sales and Corporate Programmes sectors also fits
into this Division.


The Third Division is the North American Division which is almost entirely a
Direct Marketing business based on Catalogue/Internet Marketing. It is the
largest and fastest growing Direct Marketing business for Promotional Products
in North America. The 4imprint Inc model is being continuously refined and
sharpened with strongest emphasis on customer service, acquisition and
retention. Growth prospects in North America, underpinned by the general growth
of web based selling to which the promotional products market is well suited,
are excellent. Furthermore, opportunities are developing in the UK, where
4imprint have a similar model and which is already showing the rapid growth of
its much larger US sister company. Opportunities are also opening up in Western
Europe which the Group is presently carefully assessing.


Turning now to the prospects for this year. I am pleased to advise Shareholders
that Sales in the first quarter of the year have been encouraging across all
three Divisions with particular strength in the US Direct Marketing sector and
in our new acquisition, Supreme. The project of integrating the two sectors of
the Trade Division onto the Supreme base in Blackpool is proceeding well and is
on schedule for completion in late summer. The benefits of the integration
should start to accrue during the second half of the year.


Overall, the Board expects 2007 to be another year of progress for your Company.


                      This information is provided by RNS
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