RAM.L Regulatory News (RAM)

3 Mar 2005 10:17

RAM Investment Group PLC03 March 2005 3 March 2005 RAM INVESTMENT GROUP PLC ("RAM" or "the Company") UPDATE ON TRADING Ram Investment Group PLC, the AIM listed property, leisure and media investmentcompany, today announced an update on trading and in particular outlined progress on the three key investments that the Company is currently pursuing. FIFPro World X1 Player AwardsIn October 2004, RAM announced a JV with FIFPro (Federation Internationale des Associations de Footballeurs Professionnels) to host the FIFPro World XI Player Awards, the world's first football awards event where the nominees are voted for by players from around the globe. It was then announced that RAM, through its subsidiary, RAM Media Limited, had entered into an agreement with Celador International to produce the event. The Board of RAM is pleased to announce that preparations for the event are going well and that management remain excited by the revenue prospects for the annual FIFPro World XI Player Awards event. The FIFPro World XI Player Awards was formerly launched at an international press conference in London on 2 March 2005 in partnership with FIFPro and Celador. The first event will be held on 19 September 2005 at the Wembley Conference Centre where around 1,500 guests and internationally renowned stars from the worlds of sport, music and film are expected to attend. The show will be broadcast to a worldwide audience in excess of 300 million viewers. RAM expects to start generating revenues from the event in the second quarter of this year, initially from table sales where profits will be split 50/50 with FIFPro. Further details of the tables sales offering can be found at www.fifpro.org. Further revenues will be derived from sponsorship, merchandising, licensing, SMS and all telephone and other exploration rights from Q3 2005 onwards. Tiger GamblingIn January 2005, RAM announced it had entered into heads of terms with Tiger Telematics Inc (NASDAQ: TGTL) to exploit the technology and design behind Tiger's new mobile gaming console 'Gizmondo' specifically for applications in the area of gambling. The heads of terms provided for a new company being formed called Tiger Gambling Ltd which will be 75 per cent owned by Tiger Telematics and 25 per cent owned by RAM with profits generated being shared on a 50/50 basis. Following positive discussions with casino operators the Board of RAM believes that Tiger's technology platform offers a significant commercial opportunity for multi-player real-time poker and other revenue generating applications. Dive DomeDive Dome (www.divedome.com) is a unique project to design, build and operatethe first indoor diving leisure centre in the UK. RAM is in detailed discussions with a number of corporate partners with a view to investment, construction and operation of the centre. Specifically, RAM plans to enter intocommercial due diligence in conjunction with Biwater, an international, but UK based, water treatment and leisure company. It is expected that this due diligence will be completed within the next two months and after that time further announcements of developments are anticipated. Edward Adams, Chairman of RAM Investment Group PLC, commented: "With excellentprogress having been made on its three major projects the Board is confidentthat the Company can achieve growth in shareholder value in the coming twelvemonths." For further information contact: Edwards Adams, RAM Investment Group07967 008448 Nick Lebetkin/Laurence Selman, RAM Investment Group020 8349 2001 Tim Blythe/ John Moriarty, Beattie Communications020 7398 3300 Notes to Editors About RAM Investment Group PLCRAM Investment Group is an AIM listed investment company that focuses on investment opportunities in the property, leisure and media sectors. This information is provided by RNS The company news service from the London Stock Exchange