Deal Group Media PLC
12 December 2007
Press Release 12 December 2007
Deal Group Media plc
('DGM' or 'the Group')
Trading update
Deal Group Media plc (AIM: DGM), an independent online marketing group, is
pleased to give the following update on current trading on its operations.
The Board remains confident that the Group will return to profitability next
year and that the overseas business units will deliver positive cash flow within
the first half of 2008.
The Australian business has increased its sales with a client base of over 140
advertisers including many major international brands. From the Group's base in
Singapore two distinct business units have been successfully launched. AKTIV
Group is an advertising network which aggregates and sells advertising inventory
from online publishers to agencies and advertisers. AKTIV Group has already
secured several clients. In addition, DGM has been launched in Singapore with a
multi-channel offering with a greater initial focus on search engine marketing.
Both businesses share a common client base.
The South African operation is now profitable, albeit at a low level. In India,
DGM has launched a multi-channel offering to advertisers and agencies and is
already generating sales from rapidly increasing client list. These offerings
include affiliate marketing, search engine, email marketing and technology
solutions.
Following an earlier announcement today the Group has disposed of a 51 per cent.
stake in its UK operations including the central technology team. Trading in
the affiliate and search engine marketing remains profitable and has enjoyed a
recent upturn in customer acquisitions. The sale of the majority stake will
reduce the Group's central operating costs and UK based overheads while enabling
our shareholders to benefit from any uplift in the value of the ongoing UK
operations.
Adrian Moss, CEO of DGM, commented: 'We are very pleased with our progress in
the Asia Pacific region. All overseas business units are building revenues as
well as establishing themselves as key players in their region. We remain
excited by the prospects and are looking to the future with confidence.'
-Ends-
For further information, please contact:
Deal Group Media plc
Adrian Moss, CEO
Evolution Securities Limited
Tom Price, Corporate Finance Tel: +44 (0) 20 7071 4300
Jeremy Ellis, Corporate Finance
www.uk.evosecurities.com
Abchurch Communications
Ariane Comstive/Franziska Boehnke Tel: +44 (0) 20 7398 7700
franziska.boehnke@abchurch-group.com www.abchurch-group.com
Notes to Editors
Deal Group Media plc is an independent online media-marketing and technology
group, which provides a range of stand alone and multi-channel marketing
solutions including: affiliate marketing, search marketing, email marketing, and
online display advertising. The Group works alongside advertisers and online
partners to help them achieve their e-business objectives specifically return on
investment (ROI). Deal Group Media's delivery is powered by sophisticated
technology which includes the Group's proprietary software, dgmPro.
Deal Group Media currently employs over 100 staff worldwide in offices in the
UK, South Africa, Australia, New Zealand, Singapore and India. The Group
operates across the spectrum of vertical sectors and its clients includes Avis,
Dell, Demon, nPower, Pipex, Sainsbury's Bank, Sky, Virgin, Vodafone, and The
World Wildlife Fund.
More information is available at www.dealgroupmediaplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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