Last checked at 1 Feb 2007 07:00
Date: 1 February 2007
On behalf of: TMN Group plc ("TMN" or "the Company")
Embargoed until: 0700hrs
TMN Group plc
Board Change
TMN Group plc (AIM: TMN), the UK's premier online direct marketing group, today announces that Jeremy Middleton, Non-Executive Director, will step down from the Board in February 2007.
Jeremy has been a Non-Executive Director of TMN since September 2005 and leaves the company to focus on his executive responsibilities at Media Square plc.
Commenting on the resignation, Mark Smith, CEO said:
"Jeremy has been a great ambassador for TMN and has made a valuable contribution to the growing success of the company. I would like to thank Jeremy for his strong support and advice during the last two years and wish him continued success at Media Square."
Following Mr Middleton's resignation, the TMN Group plc Board comprises two Executive and three Non-Executive Directors.
- ends -Enquiries to:TMN Mark Smith, CEO 020 7440 9310 Peter Coveney, FD Redleaf Communications Emma Kane / Duncan McCormick / 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 over 36 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. The first development, launched in September, is a web-based lead generation system called "Lead It", designed to assist advertisers in building their databases. * 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 ‚£1.4 billion spent on internet advertising in 2005 - ‚£917.2m spent during H1 2006, a 40.3% increase on a like-for-like basis compared with H1 2005 (Source: IAB) * Online advertising now represents over 10% 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 International Advertising Bureau (IAB)
TMN GROUP PLC