JNY.L Regulatory News (JNY)

23 May 2005 07:30

Watermark Group PLC23 May 2005 Embargoed until: 07.30am Monday 23 May 2005 Watermark Group plc ("Watermark" and "the Company") Airline retail catering venture - "Inflight Sales" Watermark announces today, 23 May 2005, that it is working with one of its majorclients, bmi, to design, implement and operate an "Inflight Sales" cateringsolution on the majority of their flights from Heathrow. This is an important and exciting strategic opportunity for the Company, at anearly stage in this market development. This new opportunity provides Watermarkwith a strong platform from which to further exploit and expand into otherairline carriers here in the UK and thereafter globally. It is expected that bmi will launch their new service from 1 August 2005. Tony Helliwell, Head of Inflight Sales at bmi said: "this is an exciting newstage of bmi's development and for the Industry in general. We are confidentthat, with Watermark as our partner, we will both make a success of this newventure and service." The Company continues to see positive trading and at this early stage, is notexpecting any immediate or material financial change as a result of thisinitiative. For further information please contact: Crispin Quail Gemma Chandler / Claire MellyWatermark Group plc Tavistock CommunicationsTel: 020 8606 1314 Tel: 020 7920 3150 email: info@watermark.co.uk email: gchandler@tavistock.co.uk This information is provided by RNS The company news service from the London Stock Exchange