One Media Regulatory News (OMIP)

ONE MEDIA IP GROUP PLC - Admission and First Day of Dealings on AIM

PR Newswire

London, April 17

One Media iP Group Plc (AIM: OMIP), the digital media content provider whichexploits intellectual property rights around music and video, is pleased toannounce the admission of its shares to trading on AIM ("Admission"). Dealingswill commence at 08:00am today.

Simultaneously with Admission, the Company has raised £750,000 before expensesthrough a placing by Hybridan LLP of 9,375,000 new ordinary shares at a priceof 8 pence per share (the "Placing"). Following the Placing, the Company has64,003,068 ordinary shares in issue, giving One Media a market capitalisationof approximately £5.1 million.

The funds raised in the Placing will be used to finance new content acquisitionand it is the Company's intention to increase the size of the deals that aremade.

Cairn Financial Advisers LLP is acting as the Company's Nominated Adviser, andHybridan LLP is acting as Broker to the Company.

Originally founded by Chief Executive Officer and Chairman Michael Infante, OneMedia was admitted to the Plus SX Market in September 2006. One Mediaspecialises in acquiring nostalgic content and then digitising it, beforerecompiling and delivering the digital music and video content, via itsaggregator, directly to over 600 online digital stores. The Group has acquiredapproximately 80 music catalogues and the directors estimate that the Groupowns and/or controls the rights to over 170,000 tracks. Although the Companyfocuses on mainstream artists with a proven audience from the last 90 years,the genre of music in the catalogues acquired varies widely, ranging from Rockto Pop and Classical to Spoken Word. This variety provides the Company with adiversified revenue stream. The tracks are generally acquired from bands,producers, record labels and family estates, and are actual `recordedperformances' of the artists.

One Media acquired its first video content in 2006, and has recentlysignificantly escalated the investment in, and volume of, video content in itslibrary. In December 2012, the Group announced that it had acquired the entirelibrary of rights from Granada Television Productions Limited and ITV DigitalChannels Limited of the "Men & Motors" channel. This included a portfolio ofapproximately 1,600 hours of programming and over 3,000 different episodes,such as `Car Crazy Rio featuring Jeremy Clarkson' and `Motor Mania presented byRichard Hammond'. The acquisition took the Company's total video library up toover 5,000 varying programmes, including 20 early episodes of the "Sooty Show",first screened between 1950 and 1970.

The Group also owns or controls the rights to several Spoken Word recordings,including over fifty hours of children's recordings performed by a collectionof celebrities such as Rik Mayall, Bobby Davro, Lenny Henry, Judi Dench andPatrick Moore.

In the year ended 31 October 2012, the Company had revenues of £2,089,941(2011: £1,662,516) with profits before tax of £427,888 (2011: £330,810). OneMedia is debt-free, and paid two dividends over the course of 2012 totalling£70,974.

Michael Infante, Chairman and CEO, commented: "We are very excited about themove to AIM, which remains the market of choice for ambitious companies likeOne Media. As we look to extend our catalogue we will need access to the fundsAIM can provide. One Media is a profitable and debt-free company operating inan emerging market with significant growth potential and we look forward toproviding excellent returns for our shareholders."

One Media is a digital music and video rights owner. The consumer led but B2B(Business-to-business) operation looks to exploit its catalogue of over 170,000music tracks and over 5,000 hours of video by recompiling the content for salethrough over 600 digital music and video stores worldwide. The Company has ateam of Creative Technicians who digitise the content, create the metadata andre-compile and prepare the digital music & video releases using bespokein-house software.

Additionally, One Media makes its library of content available for TV shows,movies, adverts, games and websites. One Media operates an online sync databasesystem that enables music supervisors to explore the library and select tracksfor music briefs.

One Media focuses on music performed by well known artists from every genre,including; pop, rock, reggae, R&B, children's music, karaoke, jazz, soul,blues, rap, hip-hop, gospel, world-music, plus stand-up comedy, spoken-word andover 1,000 hours of classical music.

One Media is eligible for Enterprise Investment Schemes ("EIS") and VentureCapital Trusts ("VCT").