Audioboom Grp. Regulatory News (BOOM)

18 Feb 2008 07:00

Boomerang Plus PLC18 February 2008 Date: 18 February 2008 On behalf of: Boomerang Plus plc ("Boomerang" or "the Group") Embargoed until: 0700hrs Boomerang Plus plc Notice of Results Boomerang Plus plc (AIM: BOOM.L), a profitable and vertically integrated,multi-genre, independent television production group operating within theNations and Regions, today announces that it will be releasing its maideninterim results for the six months ended 30 November 2007, on Monday 25 February2008. An analyst briefing will be held at 0930hrs on the day at Redleaf Communication,9-13 St Andrew Street, London, EC4A 3AF. Please contact Anna Dunkin at Redleafon 020 7822 0200 / ad@redleafpr.com if you would like to attend. - Ends - For further information, please contact: Boomerang Plus plc Via Redleaf CommunicationsHuw Davies, Chief ExecutiveMark Fenwick, Finance Director Redleaf Communications 020 7822 0200Emma Kane/ Sanna Lehtinen/Anna Dunkin Notes to Editors: • The Group, founded in 1994, has extensive experience in producingcontent in a variety of genres, including youth programming, music,entertainment, children's programming, extreme sports and drama • The Group has good revenue visibility as a high proportion of itsbudgeted revenue is contracted with broadcasters • The market for independent television production companies in theNations and Regions has grown following quotas from the regulator Ofcom, whichrequire that, depending on the broadcaster, between 10 per cent. and 50 percent. of qualifying programming hours must be sourced from outside the M25boundary • Boomerang is ranked in the top five independent televisionproduction companies, by revenue, in the Nations and Regions according to theBroadcast Survey (Nations and Regions) 2007 • The Board's strategy is both to achieve strong organic growth byleveraging the Group's existing customer base coupled with strategicacquisitions, with a view to becoming a major supplier to UK networks looking tosatisfy their Nations and Regions quotas • Boomerang is well placed to lead the consolidation of regionalindependent production companies across the UK. Target companies which meet theacquisition criteria will have a strong track record, which will assist theGroup to grow further, outside Wales This information is provided by RNS The company news service from the London Stock Exchange