BONH.L Regulatory News (BONH)

23 Aug 2007 07:00

Vitesse Media PLC23 August 2007 Date: 23 August 2006On behalf of: Vitesse Media Plc ("Vitesse", the "Company" or the "Group")Embargoed until: 0700hrs Vitesse Media PlcAGM Statement At the Annual General Meeting of Vitesse Media Plc (AIM: VIS), the publishing,events and multimedia company, which will be held at 10am today, the Company'sChairman, Sara Williams, will make the following statement: 'The Company has continued to make strong progress since the announcement of itsresults in July including the completion of a comprehensive review of our fivebrands comprising:Growth Company Investor/GrowthCompany.co.uk, BusinessXL/GrowthBusiness.co.uk,SmallBusiness.co.uk, M&Amagazine/MandADeals.co.uk and What Investment/www.WhatInvestment.co.uk The strength of our business lies in the breadth of our activities and isunderpinned by annual subscriptions and a calendar of leading industry events.I am pleased to report that online advertising also remains strong with ourdigital display inventory being sold out on a monthly basis and bookings for ourevents, such as our major awards events and seminars, continually exceedingexpectations. The Company will be able to begin to leverage the full potential of its assetsnow that the full marketing team is in place, in particular focusing on drivingsubscription income and sales of research reports and other publications. The Group is increasingly becoming viewed as the source of informed comment bythe market and its online offerings are attracting significantly larger volumesof traffic. The redesign of the Growth Company Investor website,www.GrowthCompany.co.uk, scheduled for completion in Autumn 2007, is aimedtowards increasing its value further to both subscribers and non subscribers. The outlook for 2008 remains encouraging both in terms of organic growth andopportunities to diversify the spread of our activities by acquisition.' Enquiries: Sara Williams www.vitessemedia.co.ukVitesse Media Plc Via Redleaf Communications Emma Kane/Sanna LehtinenRedleaf Communications Ltd Tel: 020 7822 0200 About Vitesse Media Plc Award-winning, AIM-listed Vitesse Media plc is a multi-platform media businessboasting an array of market leading magazines, websites and events. Its focus ison the entrepreneurial sector, with an expert hub of information on AIM.Vitesse's websites include SmallBusiness.co.uk, GrowthBusiness.co.uk,GrowthCompany.co.uk, Whatinvestment.co.uk and MandAdeals.co.uk. Its magazinestable includes titles such Business XL, Growth Company Investor, M&A and WhatInvestment. The high-profile Vitesse Events division produces the Quoted CompanyAwards, Investor All Stars, Growth Cycle Seminars, Media & Money and the GrowthCompany Investor Show. Every month, Vitesse Media reaches a targeted audience ofaround 670,000 people, consisting of CEOs, entrepreneurs, professional advisers,venture capitalists and other investors, both institutional and private. This information is provided by RNS The company news service from the London Stock Exchange