Restructure Proposals

Yoomedia PLC 13 November 2002 YooMedia plc 13 November 2002 YooMedia plc ('YooMedia' or 'the Company') Company Restructuring YooMedia has prudently undertaken measures to secure its long-term position as a primary interactive TV services provider, notwithstanding the current difficult market conditions. As part of these measures YooMedia is implementing a company restructuring, reducing YooMedia's cost base by approximately 35%, including making nineteen employees redundant. The Board wishes to stress these measures will not impact current or future revenues. YooMedia has chosen to focus its current efforts on delivering its core interactive TV products - games, chat and dating - to existing platforms, in particular Sky, Telewest and NTL. This has enabled the Company to streamline its operations and concentrate its efforts on the strongest commercial opportunities. As reported with the interim results for the six months ended 30 June 2002, the Company's new games portal and chat service will be launched on Telewest within the next few months. In addition, YooMedia expects to be able to announce further deals in the near future. YooMedia has substantial cash reserves and intends to maintain a strong financial position in both the immediate and long-term future. The interim results for the six months ended 30 June 2002 reported cash holdings of £4.7m. For further information, please contact: Andrew Fearon Chief Operating Officer - 020 8515 2800 Graham Prince Public Relations - 07973 323840 This information is provided by RNS The company news service from the London Stock Exchange

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