Trading Statement

Yoomedia PLC
15 February 2007

            YooMedia plc / Ticker: YOO / Index: AIM / Sector: Media



15 February 2007

                   YooMedia plc ('YooMedia' or 'the Company')

                           Placing and Trading Update



YooMedia plc, the AIM-traded interactive media and games group, is pleased to
announce it has raised £762,500 (gross) through the placing of 67,777,777 new
ordinary shares at 1.125p per share and provide an update on trading performance
in 2006 in advance of its results for the year ended 31 December 2006, expected
to be released in April 2007.



•                  Placing to raise £762,500 (gross) to provide additional
                   working capital;

•                  Appointment of HB Corporate as joint broker;

•                  Improved trading, reduced costs and strengthened balance
                   sheet;

•                  Core businesses re-aligned to take best advantage of new
                   opportunities;

•                  Substantial overhead cost savings achieved while securing
                   guaranteed annualised revenues; and

•                  Substantial financial restructuring resulting in reduced
                   interest and similar charges.



Placing



The Company has placed, conditional on admission, 67,777,777 new ordinary shares
at 1.125p to raise £762,500 (gross) to provide additional working capital.
Application will be made for the 67,777,777 new ordinary shares to be admitted
to AIM and dealings are expected to commence on 21 February 2007.



Indicative Results



Unaudited, provisional and indicative results for the year ended 31 December
2006 are summarised below:


                            Year ended 31  Six months ended 31 Six months ended             Year ended 31
                            December 2006        December 2006          30 June 2006        December 2005
                                                   (Unaudited)           (Unaudited)


                              (Unaudited)                                                       (Audited)
                                       £m                   £m                    £m                   £m
Turnover                             62.6                 31.4                  31.2                 85.6
Net Revenues                         21.0                  8.9                  10.0                 22.7
Gross Profit                          8.2                  5.3                   2.9                  8.7
EBITDA*                             (1.0)                  1.2                 (2.2)                (3.0)



* EBITDA is stated excluding exceptional items



Improved results for the six months ended 31 December 2006 reflect the
following:



•                  Pursuant to its agreement with Gala Group, a Gala-branded
channel (Sky channel 841) was launched on 4 October 2006, enabling the Company
to make substantial cost savings in terms of production staffing, broadcast and
transmission costs and platform carriage costs, while securing guaranteed
annualised revenues of £1 million.



•                  The launch of a new video-rich 'Roulette TV' broadcast
channel offering in May 2006, enabled presenter-led roulette broadcast channels
with integrated interactive multiplayer gaming. Roulette TV is currently
available on 4 channels on Sky, with plans underway to launch across additional
platforms, including IPTV and cable.



•                  The contract with William Hill to produce a channel on Sky
ended on 31 October 2006 and the channel was taken off air in November 2006.



•                  The Company launched datacasting and bandwidth services on
Freeview with Gemstar and Virgin Radio in the second half of 2006, generating
substantial new revenues.



•                  A restructuring of the dating business was undertaken in the
second half of 2006. As a result, this business withdrew from costly fixed-price
direct marketing, substantially reduced its establishment costs and streamlined
its operation.



Financial and Group Restructuring



•                  A substantial financial restructuring was completed in the
second half of 2006. In particular, £1.85 million was realised from the sale of
assets, including shares held in Catalyst Media Group plc. £700,000 of new
funding was secured through a placing of shares on 1 September 2006 and
approximately £572,000 of other loans were converted into equity. As a
consequence, short term borrowings have fallen in the second half from £2.1
million as at 30 June 2006 to approximately £650,000 (31 December 2005: £3.4
million), with interest and similar charges borne in the second half of the year
sharply reduced.  The placing announced today will further benefit the cash
position of the Company going forward.



•                  Significant effort has been made to reduce overheads and
costs. Consequently, staffing costs fell to £3.3 million for the second half of
2006 compared to £4.3 million in the preceding half (year ended 31 December
2005: £9.3 million).



•                  During the second half of the year the Company entered into
long term payment plans with a number of significant suppliers. On 22 December
2006 a permanent reduction in contractual liabilities was negotiated relating to
bandwidth and transmission costs of approximately £1.75 million. This is
reflected in the indicative results for the six months ended 31 December 2006;
the Company is reviewing this accounting treatment with its auditors. A further
£0.75 million of similar liabilities were deferred, with payments spread over 28
months. Similar arrangements have been completed or are in negotiation in
relation to other suppliers and creditors, totalling £1.5 million.



•                  The Company anticipates a goodwill impairment and write off
in excess of £5 million following the restructuring of the Company's activities.
  This will be reflected in the reported net result for the year but is not
included within the EBITDA numbers provided above.



2007 Outlook



YooMedia's core businesses within the fast-growing brands and marketing and
games and gambling sectors have been re-aligned in order to take best advantage
of the many new opportunities arising. Consumer uptake of digital TV, mobile and
broadband services in the UK continues to grow, attracting increased expenditure
and investment from YooMedia's core client groups - advertisers, retailers and
gaming operators.



The Gambling Act 2005 comes into force in 2007 and is expected to lead to
increased activity from operators seeking to take advantage of the opportunities
permitted under the new regulations: YooMedia is well positioned to benefit.



New business streams, including remote payment services, IPTV service
deployments in conjunction with BT Vision and mobile ticketing are expected to
come on stream in 2007.



New initiatives designed to strengthen the competitive position of the Avenues
and Dateline offerings are expected to enhance shareholder value. An upgraded
Dateline online service will be introduced following the recent launch of the
free dating site, Letsdateforfree.com.



The Directors believe that the Company's existing facilities, including the
convertible loan agreed in May 2006, as well as the net proceeds of the placing
announced today will provide sufficient sources of finance to meet the ongoing
requirements of the business.



In conclusion, whilst risks remain, the Directors believe that, on the basis of
improved trading, reduced costs and a strengthened balance sheet, the outlook
for the business is positive.



                                  * * ENDS * *



For further information, visit www.yoomedia.com or contact:



Michael Sinclair, Executive Chairman
Neil MacDonald, Group Managing Director
YooMedia plc
[phone]


Isabel Crossley
St Brides Media & Finance Ltd
[phone]




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