Audioboom Grp. Regulatory News (BOOM)

18 Feb 2008 09:09

Boomerang Plus PLC18 February 2008 Date: 18 February 2008On behalf of: Boomerang Plus plc ("Boomerang" or "the Group")Immediate Release Boomerang Plus plcDrama and Extreme Sports Recommissions Boomerang Plus plc (AIM: BOOM.L), a profitable and vertically integrated,multi-genre, independent television production group operating within theNations and Regions, announces that its Drama and Extreme Sports departmentshave won significant recommissions from Channel 4 and S4C. The recommissioned drama series' include the second series of two Welsh LanguageDramas. The first recommission includes 10 x 60 minute episodes of Teulu(translated "Family"), a Sunday evening family drama based around a doctor'ssurgery in Aberaeron, Wales. The second series includes 13 x 30 minute episodesof 2 Dy a Ni (translated "2 homes and us"), a teenage drama centred at a fosterhome in the Welsh Valleys. These series will be transmitted on S4C in 2009. Boomerang's Extreme Sports department has also been recommissioned by Channel 4to produce the seventh series of the award winning Freesports on 4 featuring thebest of snow boarding, surfing, skate boarding, and mountain biking, amongstother sports. The series is for transmission in 2008 The recommissions are significant and the Group expects these to contribute over£4 million of revenues for 2008/2009. Huw Davies, Chief Executive Officer of Boomerang Plus, commented: "We are delighted to retain our contracts with these Drama and Extreme Sportsproductions going forward into 2009. These recommissions demonstrate theGroup's proven track record and ability to produce high quality programming tomajor broadcasters. "We have a diversified offering which includes a wide spectrum of genres. Wecurrently look to continue to increase commissions from other televisionnetworks within and outside of Wales." - 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