Last checked at 5 Dec 2007 07:01
Date: 5 December 2007 On behalf of: TMN Group plc ("TMN" or "the Company") Embargoed until: 0700hrs
TMN Group plc
Directorate changes
TMN Group plc (AIM: TMN), the UK's premier online direct marketing group, today announces that Peter Harkness has stepped up to the role of Non-Executive Chairman, with immediate effect, following Warren Tayler's retirement from the Board.
Harold Gittlemon, a non-executive director, has also decided to step down from the Board, with immediate effect, due to increased work commitments outside of London.
Commenting on the appointments, Mark Smith, CEO of TMN, said:
"I would like to thank both Warren and Harold for their support during a period of rapid change and growth for the Group. We wish them both well for the future.
"I also have the pleasure of welcoming Peter to the role of Chairman, for what I know will be another exciting phase of development for TMN."
- ends -Enquiries to:TMN Mark Smith, CEO 020 7440 9310 Craig Dixon, CFO Redleaf Communications Samantha Robbins / Anna Dunkin 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 markets + Over 32 million people in the UK have used the internet in the last 12 months (Source: IAB Sept 2007) + Broadband in over 10 million households, driving further increased usage + Over ‚£30bn spent online in 2006, average spend per user over ‚£1,100, up from ‚£816 in 2005 (Source: IMRG 2007) + Advertising spend migrating o Over ‚£1.3bn spent on internet advertising in H1 of 2007 (Source: IAB Sept 2007) o Over 14% of advertising spend allocated to online in H1 (Source: IAB Sept 2007) o Online spend predicted to be ‚£4.5bn, 30% of all advertising, by 2011 (Source: IAB Sept 2007) + Online fieldwork migrating o Faster, more efficient and better targeting than traditional fieldwork delivers to market research o Predicted to grow to US$4bn spend worldwide over next few years (Source: Camiar study 2006) * 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