Mineral & Financial Investments Regulatory News (MAFL)

31 Mar 2008 07:00

Upstream Marketing and Comms Inc.31 March 2008 Upstream Marketing and Communications Inc. ("Upstream" or "the Company") Pre-close Trading Update Upstream Marketing and Communications Inc. (AIM: UPS), the Asia-based fullservice marketing and corporate communications network, is pleased to provide apre-close trading update ahead of its preliminary results for the financial yearended 31 December 2007. The Company expects revenues in the financial year ended 31 December 2007 to bein excess of US$ 4.0 million, a 50% increase over the same period in 2006. Theincrease in revenue is as a result of both strong organic growth, as Upstreamhas capitalised on opportunities in the communications sector in China and otherAsian growth economies, and the acquisition and integration of a Sydney-basedpublic relations firm, renamed Upstream Australia, which has been providing aprofitable contribution to the Company since 1 April 2007. Since the year end, Upstream has continued to win new business, including fromAmerican Standard, Capgemini, Citrix Systems, and VP Bank in addition to thosepreviously announced wins such as EnQii, Fidessa, the Ministry of Culture ofGreece, HTC, and NeuStar. As a consequence monthly revenues have continued togrow despite the traditionally slow start to the New Year in the Asia Pacificregion with revenue in the first two months of the current financial yearshowing an improving trend year on year. The directors believe that significant opportunities will arise for Upstream inChina in the current financial year with the momentum carried forward fromadvance planning efforts for the Olympic year. Our Australian office willcontribute its first full year revenue stream, and has experienced a smoothtransition to the new senior leadership recently appointed by the Company, aspreviously announced. The Company will announce its preliminary results for the year ended 31 December2007 on 26 May 2008. For additional details please contact: David Ketchum, CEOUpstream Asia Tel:+852 2973 0222Email: david@upstreamasia.com Strand Partners LimitedJames Harris / Angela Peace Tel: +44 (0)20 7409 3494 Hybridan LLP Tel: +44 (0)20 3159 5085Claire Louise NoyceStephen Austin About Upstream Founded in 2000, Upstream is a full service marketing and corporatecommunications network positioned to help companies make the most of businessopportunities in the Asia Pacific region. Upstream has offices in Beijing, HongKong, Shanghai, Singapore, Sydney, Taipei and an Upstream branded affiliated inTokyo, as well as regional and global affiliates. Key practice areas includetechnology, corporate & financial, and consumer & travel. For more information,please visit www.aboutupstream.com This information is provided by RNS The company news service from the London Stock Exchange