WPP Group PLC
01 August 2006
For Immediate Release 1 Aug 2006
WPP GROUP PLC
WPP acquires public affairs firm, Public Strategies, Inc. in US
WPP announces that it has agreed to acquire the entire issued share capital of
Public Strategies, Inc. ("PSI"), a US-based public affairs firm, specialising in
issues management. Founded in 1988 and based in Austin, Texas with 7 other US
offices and offices in Mexico City and London, the firm employs 175 people.
PSI's diverse client roster includes some of the world's leading corporations,
nonprofit organisations and professional firms.
With a reputation based strongly on its issues management practice, the firm
helps company leaders to assess public opinion and risk, and to develop
strategies that affect perception and systems for managing uncertainty. It
handles the outsourcing of entire functions such as government relations and
corporate and employee communications.
PSI's audited revenues for the year ended 31 December 2005 were US$38.5 million
with net assets at closing of US$2.3million.
This investment continues WPP's strategy of developing its networks in fast
growing markets and sectors.
Contact:
Feona McEwan, WPP +44 (0)20 7408 2204
www.wpp.com
This information is provided by RNS
The company news service from the London Stock Exchange
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