QRT.L Regulatory News (QRT)

6 Jan 2005 07:00

Quarto Group Inc06 January 2005 THE QUARTO GROUP, INC Piers Spence promoted to Director of Co-Edition Publishing Quarto, the London-based and listed international book publisher, announcesthat, with effect from the beginning of 2005, Piers Spence, 45, takes on thenewly-created role of Director of Co-Edition Publishing, Quarto's principalactivity. He is succeeded as publisher of the Quarto adult list by PaulCarslake, 42, who joins Quarto from Centaur Communications. Laurence F. Orbach, Quarto's Chairman and Chief Executive, stated: "Piers isuniquely qualified to take on this new role, whose creation reflects the growthand maturing of the Quarto Group's business. For more than five years he hasbeen enormously successful at building Quarto's adult co-edition list into aleading resource for publishers worldwide, and a great profit earner for theGroup. "This appointment acknowledges that I could not continue to pile on the numberof direct reports that has grown as a direct result of the new businesses we'vestarted in the last few years, and the recent spate of publishing acquisitionsthat we've made. "I am delighted that Piers is stepping up to this new challenge, and that thisbegins a process of altering the structure of the Group to reflect itscomplexity, maturity and ambition." Notes for Editors: Quarto is an international book publisher with two principal strands ofactivity: it publishes, under imprints owned by the Group, books and art printsin the US, the UK, and Australia; and it creates books that are licensed toother publishers for publication under their own imprints in many languagesaround the world. 2003 was Quarto's fifth successive year of increase in underlying EPS. OnOctober 22, 2004, Quarto announced that its unaudited results for the ninemonths ended September 30, 2004 continued the substantial growth of profitdemonstrated at the six months' stage. Quarto made three acquisitions in thesecond half of 2004, in the USA, the UK, and Australia. Quarto is listed on the London Stock Exchange under the symbol QRT. Its headoffice is situated in City Road, London EC1. Quarto is a Delaware corporation. Enquiries:The Quarto Group, Inc. 020-7700 9000Laurence Orbach (Chairman & CEO)Mick Mousley (Finance Director) Bankside Consultants LimitedCharles Ponsonby 020-7444 4166 This information is provided by RNS The company news service from the London Stock Exchange