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Interactive Publish (INTP)

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Wednesday 19 August, 2009

Interactive Publish

Acquisition of Marine Media Limited and Issue o...

19 August 2009

                                          Interactive Publishing plc
                           ('Interactive Publishing', 'the Company' or 'the Group')

                           Acquisition of Marine Media Limited and Issue of Warrants


Interactive  Publishing (PLUS: INTP), the PLUS-quoted consumer publishing company, is pleased to  announce  the
acquisition  from  Sterling  Securities International Limited of Marine Media Limited,  which  is  the  holding
company for the specialist consumer title, "Sailing Today" and the related trading assets of the business.

The  consideration for the acquisition is approximately £200,000, to be satisfied by the allotment to  Sterling
Securities International Limited of 3,333,333 ordinary shares in the Company credited as fully paid at a  price
of  1.5 pence each and a convertible loan note of £150,000. The convertible loan note bears interest at 6%  per
annum  with  repayments by monthly instalments of £10,000 commencing on 31 January 2010. The loan note  can  be
converted into equity at a price of 1.5 pence per share at the holder's option at any time prior to redemption.

Marine  Media Limited is a new company set up for the purpose of holding and conveying the assets and trade  of
the title Sailing Today, which previously traded as a division of a larger publisher. Consequently, there is no
historic  financial information available for the division, although the Directors expect Marine Media  Limited
to  generate  around  £800,000 of turnover per annum via newsstand sales, subscriptions  and  advertising.  The
business  is  expected to contribute immediate cash flow to the Group. The purchase price  of  £200,000  almost
wholly represents goodwill paid for the business.

Sailing  Today  is  committed to providing the most authoritative, relevant and up to date information  on  all
aspects  of  sailing.  Packed with in-depth reports and independent analysis, Sailing Today's  sharp  focus  is
harnessed  to  an unpretentious, entertaining and practical approach enhanced by superb images and cutting-edge
graphics; written for cruising enthusiasts by cruising enthusiasts.

Justin Sanders, CEO of Interactive Publishing said today,

"The  publishing market as a whole for single title publishers has become a tough environment with the downturn
in  global  advertising  and the limited budgets to push into the new media age. The publishing  benefits  that
comes  from  being part of a dynamic group, Marine Media will develop and add new revenue streams.  Interactive
publishing  hope  that this division will diversify quickly and add to the impressive niche market  publication
that is Sailing Today."


The  Company  also  announces the issue of 3,000,000 warrants to its Director Peter  Jay,  as  remuneration  in
respect  of  efforts  associated  with the acquisition of Marine Media Limited  and  recent  fundraisings.  The
warrants have an exercise price of 1.5 pence and have been issued to Mr Jay's trading business Meze LLP.

Following  this  issue  of warrants, Mr Jay has a holding of 1,508,100 ordinary shares  in  the  Company  which
represents  0.86%  of  the voting rights in the issued ordinary share capital of the Company  and  a  total  of
3,000,000 warrants over ordinary shares of 0.25 pence each in the Company, exercisable at a price of 1.5  pence
over the period to 19 August 2011.  This interest relates to a legal and beneficial holding.

The Company now has 175,064,999 ordinary shares of 0.25 pence each with one voting right each in issue.

The Directors of Interactive Publishing plc accept responsibility for this announcement.

                                   - ends -


Interactive Publishing plc
Justin Sanders Tel: 020 7608 6300

SVS Securities Plc - PLUS Corporate Adviser
Simon Fox / Alexander Brearley Tel: 020 7638 5600

SVS Securities Plc - Broker
Ian Callaway / Alexander Mattey Tel: 020 7638 5600

Interactive Publishing Plc

Notes to editors:

Interactive Publishing plc floated on the PLUS market on 20 February 2008 for the purpose of making investments
in  the publishing and marketing services sectors and with the objective of producing long-term capital growth.
Since  its  Introduction the directors of the Company have been aggressively expanding the Company's  portfolio
through the acquisition of magazine titles primarily in the consumer lifestyle sector.

Interactive Publishing Plc								


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