Ten Alps Communications PLC
20 September 2001
TEN ALPS COMMUNICATIONS PLC ('Ten Alps' or 'the Company')
NEW BUSINESS CONTRACTS
Ten Alps today announced a range of new business contracts, which have been
signed in the seven weeks following the Company's admission to trading on AIM
on July 27.
New business contracts include:
* TV production deals with a UK broadcaster for a total of 25 new
programmes in two series.
* Agreements for Ten Alps subsidiary Dr Party to host events for MSN and
Microsoft, including the Microsoft UK Christmas party 2001, as well as an
event hosted at the Big Brother house plus a number of smaller events for
clients such as Karen Millen.
* Further advertising work for the German firm Bahlsen Biscuits, including
a TV campaign, as well as new UK work for MDL Luxury Marinas.
Total new business signed by the Company in this seven-week period exceeds £
750,000, in addition to its existing advertising and broadcast contracts and
the £169,000 deal which was announced on July 27.
'Our pursuit of new business in TV, radio and advertising has yielded early
results, despite the state of the markets and wider gloom in the advertising
industry,' commented CEO Alex Connock.
'We have not seen any significant drop in the year-on-year spend of our
existing major advertising clients or major broadcast clients such as the
BBC.'
Finance Director Nitil Patel added, 'We believe we are financially
well-resourced. At close of business on September 19, the Company had just
over £3m cash in the bank and a positive net asset position. £3m represents
around half the approximately £6m market capitalisation of Ten Alps at the
market close on 19 September. Total audited turnover to March 31, 2001 was £
8.845m for the four operating companies which went on to form the new group
following the July 27 merger.'
Events around Formula One Grand Prix
Ten Alps has also signed agreements to develop potential events in the future,
including shows and associated corporate entertainment, around F1 Grand Prix
at Melbourne and Budapest 2002.
This motor racing deal comes on top of the announcement in July that Ten Alps
was sourcing possible events around eighteen F1 powerboat competitions
worldwide and the Indy 300 Grand Prix on the Gold Coast in Australia.
'At the time of our admission to AIM we said that we would be looking to scale
up globally into significant sponsorship markets by developing events around
major sporting brands for 2002, and these are the first steps in that
process,' said Connock.
For further information please contact:
Sheila Gunn MBE
Brown Lloyd James
Tel: 0207 591 9610
e-mail: sheilag@blj.co.uk
Alex Connock
Chief Executive
Ten Alps Communications plc
Tel: 0207 627 4190
e-mail: Alex@10Alps.com
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