PHOTO-ME INTERNATIONAL PLC
27 September 1999
PHOTO-ME HIRES SALOMON TO EXPLORE STRATEGIC OPTIONS
The Board of Directors of Photo-Me International plc, the
world leader in operating photobooths and a major manufacturer
of photographic mini-labs, announces that it has engaged
Salomon Smith Barney to review a wide range of strategic
options.
Serge Crasnianski, Chief Executive Officer, commented 'In
recent months, we have received approaches from a number of
corporations interested both in our advanced digital and
Internet technologies and in our network of some 25,000 prime
locations regarding a range of possible strategic
transactions.
The Company's Board of Directors has decided, in the light of
these approaches, that it is appropriate to formalise the
process of exploring all our strategic options in order to
maximise shareholder value. I am excited about the Group's
future development.'
Enquiries:
Bankside Consultants Limited 0171-220 7477
Charles Ponsonby
Salomon Smith Barney 0171-721 6010
Christian Purslow
Salomon Brothers International Limited ('Salomon Smith
Barney'), which is regulated by The Securities and Futures
Authority Limited, is acting for Photo-Me International plc
and no one else in relation to this press release and will not
be responsible to anyone other than Photo-Me International plc
for providing the protection afforded to customers of Salomon
Smith Barney.
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