React Group Regulatory News (REAT)

24 Jan 2006 07:00

Embargoed: 24 January 2006, 0700hrs Diablo Group Plc ("Diablo" or the "Company") Re. Contract Diablo Group Plc, the AIM-listed independent record label, music publishing andmedia production company, is pleased to announce the signing of contracts on 19January with The Disc Kiosk Ltd ("The Disc Kiosk") to become a sales agent forits CD on demand services Worldwide. The technology employed by The Disc Kioskallows record companies to maximise revenues from old and deleted titles bymaking them available to customers online. The CDs are then produced to order,thus removing the need for costly pressing and storage, and mailed direct tothe customer.Diablo will be working in partnership with The Disc Kiosk to expand thebusiness and client list, which already includes Universal Music Group who haveapproximately 1,000 deleted titles with The Disc Kiosk, which have been sellingfor 18 months. Diablo will be looking to attract additional record labels ofall sizes, from the UK and internationally, to add their catalogues to The DiscKiosk and will benefit from commissions on a per unit basis of CDs sold by TheDisk Kiosk from catalogues introduced by the Company.Diablo's Creative Director, Neil Reed, said, "The contract with The Disc Kioskrepresents a substantial opportunity for both parties. The service they provideoffers to record labels a risk free additional revenue stream. Coupled with ourmarketing and industry knowledge, this can only be a win-win situation forDiablo." -Ends- For further information contact:Richard Wright, Business Development ManagerMike Hosie, Finance DirectorTel. 01342 870011Ben SimonsHansard CommunicationsTel. 020 7245 1100ENDDIABLO GROUP PLC