Yoomedia PLC
26 January 2004
YooMedia plc ('YooMedia' or the 'Company')
Pre-Close Trading Update and Notice of Results
This announcement is YooMedia's pre-close trading update, ahead of its
preliminary results for the year ended 31st December 2003. YooMedia's
preliminary results will be announced on 31st March 2004.
Following the trading update released with the acquisition of GoPlayTV Limited
on 12 December 2003, YooMedia is pleased to announce that its chat and games
products on cable platforms and Freeview have performed broadly in line with
management expectations. In addition, YooMedia is pleased to inform shareholders
that Dateline, the interactive dating service on the Sky Active digital platform
and YooPlay on ntl:home were launched last week.
The Dateline service, which allows Sky viewers to browse and make matches on
Dateline's 35,000 strong database of singles, is a joint venture between
YooMedia and Dateline, the UK's oldest-established dating agency.
YooPlay launches with the games Solitaire and Tetris, with a regular roll-out of
games to follow. This means YooMedia games products are now available on both UK
digital cable platforms - Telewest and ntl, reaching more than 2 million homes
in aggregate. This completes the roll out of our games service onto all four
digital platforms, reaching over 12 million homes.
The Dateline agreement was signed in September and the company had hoped that
the service would be launched before the end of last year. However due to
technical issues beyond the Company's control, the activation of services has
been delayed until now. Consequently, as the Company reported on 12 December
2003, there were no revenues from the Dateline product in the 2003 financial
year. Therefore YooMedia's 2003 revenues will be less than management
expectations, but the directors believe that this will not have a significant
impact on the Company's 2003 net result.
David Docherty, CEO of YooMedia, said: 'This evidence of our ability to execute
- combined with our growing presence on all digital platforms - puts us in a
very strong position as 2004 progresses,' he added.
For further enquiries:
John Murray 020 75536559
jmurray@seahorsemedia.co.uk 07831 314672
David Docherty
Chief Executive Officer 020 7462 0870
Grant Harrison/David Rae
Durlacher Limited 020 7459 3600
About YooMedia
YooMedia plc is a digital TV and wireless entertainment company that provides
services including chat, games and dating products. YooMedia has:
• recently acquired GoPlay TV Ltd. an interactive-games channel currently
operated by Sony Pictures Digital Inc. GoPlay owns and operates an
interactive games channel available on the first page of the interactive
main menu on Sky Digital.
• signed an exclusive three-year partnership agreement with Sportingbet
Group, one of the world's leading online gambling businesses, which will
initially see YooMedia launching Sportingbet's popular games products on
all digital platforms in the UK in 2004.
• the exclusive license for Tetris across UK digital cable and Freeview.
• signed an exclusive partnership with Dateline to develop and launch all of
its interactive dating services on digital television.
• invested in and launched the first ever games channel on Freeview called
Free2Play and has secured the right to run pay to play games on the
platform.
• an agreement with ntl:home to distribute all its products on its digital
interactive cable platform.
• pioneered (and successfully trialled in partnership with Turner
Broadcasting) the use of mobile phones to interact in real time with a TV
programme. The Trigger TV technology is exclusive to YooMedia and protected
by a worldwide patent.
• been selected by the government as the only dedicated interactive TV
company for the E-voting Framework.
YooMedia plc is quoted on the Alternative Investment Market.
www.yoomedia.com
This information is provided by RNS
The company news service from the London Stock Exchange
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