Development of New Media Activities, 'ExpoWeb.net'
ITE Group PLC
14 February 2000
ITE Group PLC
Development of new media activities, 'ExpoWeb.net'
ITE Group Plc ('ITE'), the international exhibition
specialist, is pleased to announce that it is currently
working with advisers on significant developments for its
wholly owned subsidiary, ExpoWeb, a business to business
internet venture built on the back of its exhibition
business.
ITE has been a pioneer of online exhibition content and
supplier guides over the last four years. During this
period, the functionality and usage of the internet and
other new media have increased dramatically. In parallel
with this, ITE has continued to develop its online
capabilities through ExpoWeb whilst evaluating potential
new business opportunities in this area. As part of this
process the Board has begun to review ways in which
shareholder value might be enhanced through accelerated
investment in ExpoWeb, funded either from within the
existing group or from external sources.
ITE is working with its advisers, Investec Henderson
Crosthwaite, in reviewing a number of alternative
strategies for maximising the value of ExpoWeb. One of the
alternatives being reviewed is the demerger of ExpoWeb.net
as a separately listed company.
ExpoWeb is ideally placed to develop into a leading global
industry information source with a myriad of company,
product and marketing information. Since its launch in
1996, it has provided unique industry specific, targeted
online trade information. Traffic through the site
continues to increase as more and more businesses recognise
the benefits of the integrated physical and virtual
exhibiting environments.
ExpoWeb aims to provide portals for each of the industries
in which ITE operates, namely oil & gas, heavy industry,
security & fire safety, transport & logistics, building &
construction, interiors, communications & electronics, food
& hospitality, food & drink technology & packaging, travel
& tourism, sport & leisure, healthcare, beauty and
automotive. Content is constantly updated. Today, ExpoWeb
holds contact details of over 10,000 companies, providing
businesses around the globe with an invaluable virtual
database of suppliers and key players in their respective
industries. Because of ITEs critical mass in its markets,
the number of represented companies is set to increase to
over 500,000 as the Companys prospective exhibitors and
trade fair visitors are also added to the existing
databases.
The sites are interactive with direct e-mail and web site
links, allowing instant communication between suppliers and
potential buyers. Company data is updated daily, ensuring
that the most current information is delivered.
ITEs in-depth knowledge of industries in emerging markets
also enables it to produce market reports. ExpoWeb provides
lists of trade associations, media and other useful
contacts, as well as daily news feeds from independent,
international news organisations.
ExpoWeb also manages the ITE web site (www.ite-
exhibitions.com) which offers detailed information about
ITE and its international exhibitions. It currently
produces and maintains in excess of 90 exhibition web sites
per year across 15 industry sectors. The in-house
production team of development managers, designers,
programmers and administrators handles all aspects of web
design, from corporate identity management, branding,
corporate marketing, service and production through to
graphic design and marketing. The sites are an integral
part of ITEs global marketing strategy and generate daily
increasing numbers of online inquiries.
Furthermore, ExpoWeb was commissioned by the Association of
Exhibition Organisers, ('AEO'), in 1999, to design and
build its web site. ExpoWeb has trained AEO staff on the
maintenance of the site (www.aeo.org) and remains on hand
for on-going graphic or database revisions.
Company summary:
ITE Group plc is a leading international exhibition and
conference organiser in the CIS, Eastern Europe, Middle
East and Turkey. Through its world wide network of offices
and partners, it will organise over 250 trade events in 25
countries this year.
For further information, please contact:
ITE Group Plc
Lawrie Lewis - Chairman 0171 596 5000
Steve Monnington - Group Chief Executive 0171 596 5000
Odette Jonkers - Group PR Manager 0171 596 5253
Investec Henderson Crosthwaite
Jagjit Mundi 0171 597 5970
Buchanan Communications
Richard Oldworth/Isabel Petre 0171 466 5000