Last checked at 6 Aug 2007 07:00
Date: 6 August 2007
On behalf of: TMN Group plc ("TMN" or "the Company")
Embargoed until: 0700hrs
TMN Group plc
Board Appointments
TMN Group plc (AIM: TMN), the UK's premier online direct marketing group, today announces the appointments of Bruce Fair and Peter Harkness to the Board as non-executive Directors with immediate effect.
Bruce Fair (30) is the Commercial Director of Yahoo! Marketplace UK. Bruce joined Yahoo! when it acquired Kelkoo in 2004. He has over six years extensive e-commerce experience covering the full business cycle and specialises in the field of online retail. In his current role Bruce is responsible for both direct and agency revenue generation across Kelkoo, Yahoo! Cars, Yahoo! Finance and Yahoo! Business Development, and manages several key accounts including eBay, Amazon, DSG and Moneysupermarket.com.
Serial entrepreneur, Peter Martin Harkness (58), has 20 years experience in buying or building successful businesses, predominantly in the media sector. Peter has played an active role in a number of private equity deals and has gained extensive experience on the Boards of both public and private companies. He is currently the Chairman of cross-media publisher Magicalia Media Ltd, of the data and subscription specialist Optima WDIS, and of Advance Media Information. He is a non-executive director of Chrysalis Venture Capital Trust and was a non-executive director of Datamonitor plc until its ‚£500m sale to Informa plc last month. He is also the founding director of Keyways Publishing Ltd. In recent years he has also been Chairman of IT analysts the Butler Group until its sale to Datamonitor and was Executive Chairman of media monitoring group, Precise Media, until it was sold for ‚£42m to Phoenix Private Equity last year.
Commenting on the appointments, Mark Smith, CEO of TMN, said:
"We are delighted to welcome Bruce and Peter to the Group and to the Board. TMN is at an exciting stage in its development and the combined experience of the new directors will support the Group as it continues to grow."
Peter Harkness currently holds the following directorships:
Chrysalis VCT plcMagicalia Media LtdMagicalia Publishing LtdKeyways Publishing Ltd
Advance Media Information Ltd
Optima UK Ltd
Sherlock Holmes Gazette Ltd
Postgraduate Publications Ltd
Professional, Managerial & Healthcare Publications Ltd
Peter Harkness has held the following directorships during the past five years:
Datamonitor plc
Butler Research Group Ltd
Knight Banner Business Information Ltd
Press Select LtdPrecise Media Monitoring LtdKBBI Group LtdClipability LtdMedia Report Editorial LtdLilypress LtdEnergy Data Services Ltd
Entertainment Press Cuttings Agency Ltd
KBI Trustees LtdW.H.Y.Publications LtdYearswap LtdButler Direct LtdButler Research Ltd
UK Media Monitoring Association Ltd
Media Medica Publications Ltd
No further disclosures are required under Schedule 2 paragraph (g) of the AIM Rules in relation to either Mr Fair or Mr Harkness.
- ends -Enquiries to:TMN Mark Smith, CEO 020 7440 9310 Craig Dixon, CFO Redleaf Communications
Emma Kane / Samantha Robbins 020 7822 0200
Notes to Editors:
* TMN Group plc ("TMN") was established in 1999. * The Company comprises of three core divisions: * TMN Media: email marketing specialist, with over 10 million highly profiled, permission-based email addresses across numerous lists, manages the most comprehensive portfolio of email databases in the UK. Also operator of the largest online reward scheme in the UK. Clients include Sky, T-Mobile, British Gas, EMAP, Volvo and Boots. * EDR: online interactive advertising agency, plans campaigns across dozens of third party lists, including those operated by TMN Media, and is the largest buyer of email advertising in the UK. Clients span a number of sectors, including finance, motoring, publishing and shopping. * The iD Factor: specialists in online market research, with 250,000 panel members in the UK and over 4 million members across 41 territories, managed via a network of local partnerships, allowing targeted domestic and international research. Clients include numerous MR Agencies, producing work for Microsoft, Lloyds TSB, NSPCC, Persil, Carlsberg and PC World. * TMN is committed to the development of new initiatives to drive the growth of its business. * TMN Enterprise has been created to manage all new developments for the Group including the launches of Plum-Offers, a lead generation and competition portal, and Pure Lead, a service to companies building databases to generate leads online. * ICD Research has been established as an autonomous division providing clients with insight and analysis of market research data. * Operating in rapidly growing market * Over ‚£2billion spent on internet advertising in 2006 , a 41.2% increase on a like-for-like basis compared with 2005 (Source: IAB) * Online advertising now represents over 12% of the total advertising market - and is the fastest-growing segment of the market (Source: IAB) * Online Retail spend predicted to reach ‚£40 billion by 2010 (Source: Forrester Research) * Focus on dominating UK market in key areas of online advertising and market research * Members of the Direct Marketing Association (DMA) and Internet Advertising Bureau (IAB)
TMN GROUP PLC