ELE.L Regulatory News (ELE)

1 May 2007 07:01

Electric Word PLC01 May 2007 1st May 2007 Electric Word plc Acquisition Electric Word plc, the specialist information business, announced today theacquisition of Smallwood Publishing Ltd for a maximum cash consideration of£257,000. Smallwood is a catalogue business supplying educational resources to schools andprofessionals working with children and young people. Smallwood will joinElectric Word's Incentive Plus subsidiary based in Milton Keynes, and isexpected to relocate from its existing base in Dover later this year. Electric Word will benefit from the exclusive UK distribution rights thatSmallwood holds to a number of established overseas resources, as well as itscustomer database of professionals working in child and family therapy andhealth. Smallwood will benefit from the marketing and fulfilment capabilities ofIncentive Plus and the Electric Word group. In the year to 30 April 2006 Smallwood Publishing Ltd made a profit after taxand dividends of £13k on turnover of £310k, and with net assets of £88k.Electric Word is paying an initial consideration of £182k with a deferredconsideration over two years capped at £50k. Electric Word's trading this year continues to be in line with the Board'sexpectations. Ends Enquiries: Julian Turner, Chief ExecutiveElectric Word plc020 7954 3470 Tim Spratt / Darrel ConnellFinancial Dynamics020 7831 3113 This information is provided by RNS The company news service from the London Stock Exchange