Parkmead Regulatory News (PMG)

3 May 2005 07:00

Interregnum PLC03 May 2005 3 May 2005 INTERREGNUM PLC Acquisition of ITM assets by Interregnum subsidiary Audio Visual Machines Interregnum plc ("Interregnum"), the technology merchant bank, announces theacquisition of certain assets of ITM Group Ltd ("ITM") (in Administration) byits subsidiary Audio Visual Machines Ltd ("AVM"). These assets comprise theorder book and debtors balance, and key members of staff, including the formermanaging director of the audio visual division. This acquisition is expected toincrease AVM's revenues by approximately £2 million over the next 12 months. This transaction supports Interregnum and AVM's strategy of combining companiesto create a major player focused on the supply, programming, and servicing ofcomplex, IP-based, audio visual solutions to major corporations. AVM's clientsinclude BP, GSK, Lloyds Bank and Sainsbury's. Commenting, Ken Olisa, Chairman & CEO said: "As we enter the Age of UbiquitousComputing, Interregnum sees a convergence of audio visual services andInformation Technology. We are investing in companies that together can deliverthe opportunities this convergence offers." - Ends - Contacts: Interregnum plc 020 7494 3080Martin Cooper, Finance Director Audio Visual Machines Ltd 020 7248 4770Edward Cook, Managing Director Merlin (PR advisers to Interregnum) 020 7653 6620Rebecca Penney 07795 108 178 Notes to Editor: Interregnum plc (www.interregnum.com) is an AIM-listed technology merchant bank(symbol: ITR). Established in 1992, it provides advisory services includingcorporate finance, IP exploitation and commercial due diligence to corporates,government, technology entrepreneurs, advisors and investors. In addition itinvests in technology companies, focused primarily on principal equity stakesalthough, in some cases taking minority equity stakes. Interregnum acquired 82.35% of the equity of AVM in January 2005. AVM (www.avmachines.com), established in 1990, is an audio visual solutionsprovider. The company designs, supplies, programs and supports complex audiovisual systems ranging from boardroom presentation solutions to IP-based videoconferencing networks. This information is provided by RNS The company news service from the London Stock Exchange