Live Company Regulatory News (LVCG)

4 Feb 2005 11:13

Parallel Media Group PLC04 February 2005 Parallel Media Group plc adds TCL Classic to Asian Golf Portfolio The Board of Parallel Media Group plc ("PMG" or "the company") announces thatits Asian subsidiary, Parallel Media Golf (Asia) Ltd has signed an agreementwith China's leading consumer electronics brand, T.C.L. Industries Holdings(H.K) Limited ("TCL"), to promote and stage the US$1million TCL Classic from2005 through 2007. The TCL Classic will be played at Yalong Bay Golf Club in Sanya, Hainan Islandsouthern China, from March 17 - March 20, 2005 and carries the sanctioning ofthe European Tour and Asian Tour and full support of the China Golf Association("CGA"). The addition of the TCL Classic to the European Tour International schedulebrings the total number of professional men's tournaments promoted by PMG inAsia to five, making the company the largest independent golf promoter on theEuropean Tour. PMG is also expanding further into Asia by promoting and staging two newtournaments which will take the Ladies European Tour into the region for thefirst time; this weeks Samsung Ladies Masters Singapore, which marks the KLPGA's(Korean Ladies PGA) debut outside Korea, and the Thailand Ladies Open March 31 -April 3 2005, an event jointly sanctioned by the newly created Ladies Asian GolfTour. As a result of today's deal, the company is now the largest independentgolf promoter in Asia. Background TCL is one of the most well known conglomerates in China today, specializing inconsumer electronics, mobile technology and home appliances. www.tcl.com/english Parallel Media Group plc ("PMG") is a sports marketing, media and managementcompany. PMG specialises in the world of professional golf, owning commercialand broadcast rights throughout Asia, Europe and the Americas. The company'sAsian portfolio includes the exclusive promoter's rights to the following PGAEuropean Tour events: The Hong Kong Open, Hong Kong GC Fanling (2 - 5 December 2004)The Singapore Masters presented by Carlsberg, Singapore (27 - 30 January 2005)The Carlsberg Malaysian Open, Kuala Lumpur (17 - 20 February 2005)The TCL China Classic, Yalong Bay Hainan Island (17 - 20 March 2005)The Standard Chartered Bank Indonesia Open, Jakarta (24 -27 March 2005) For more information please contact: Wynton Faure, Group Communications Parallel Media Group +44 (0) 207225 2000 w.faure@parallelmediagroup.com www.parallelmediagroup.com This information is provided by RNS The company news service from the London Stock Exchange