Ten Alps Communications PLC
08 September 2004
For immediate release 8 September 2004
TEN ALPS COMMUNICATIONS PLC
RESULT OF AGM ON 8 SEPTEMBER 2004
AND UPDATED TRADING POSITION
Ten Alps Communications plc ('Ten Alps'), the AIM listed media group, held its
Annual General Meeting at Chichester House, High Holborn, London, at 10.30 am
today. All the resolutions set out in full in the Notice of Annual General
Meeting dated 21 June 2004 were duly passed.
Chairman Brian Walden made the following statement: 'The Group is trading in
line with the Board's expectations for the six month financial period to 30
September 2004. Our view for the full year to March 2005 is that, from signed
contracts, revenues should be very significantly ahead of last year.
New TV projects signed this month include a further series of Jeremy Vine Meets
(BBC1), Gridlock'd (Channel 4), and Catherine the Great (US clients) as well as
new projects with FIVE. There are also over 10 current productions with the BBC,
ITV and Channel 4. In mid-July, the Teachers' TV project began a staged increase
in monthly spend towards the full production level, which it is set to reach in
October.
Finally, acquisitions also remain our aim for the current financial year. We are
focussing on adding further factual production expertise to our Group and we are
looking at other genres of TV in the UK, such as comedy or drama. Our
concentration, as with the last four deals we have done, has been on
acquisitions that can be financed out of existing cash flows.'
Chair of AGM: Brian Walden
Contact:
Alex Connock, Chief Executive, Ten Alps Communications Plc
Tel: 020 7089 3686
Jacqui Graves / Peter Binns, Binns & Co PR Limited
Tel: 020 7786 9600
This information is provided by RNS
The company news service from the London Stock Exchange
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