Tern Regulatory News (TERN)

12 Oct 2006 07:01

Core Business PLC (The)12 October 2006 For immediate release 12 October 2006 Ministry of Sound Licensing Agreement Update The Core Business, the innovative beauty brand building business announced on 29June 2006 that it had entered into a licensing agreement with Ministry of Soundto develop a range of personal care products. Ministry of Sound has now notified The Core Business of its decision toterminate the licensing agreement. Discussions on the terms concerning thattermination are ongoing. Stirling Murray, Chief Executive of The Core Business, said: "Although we are disappointed with the decision by Ministry of Sound to end thecontract, we have a number of continuing contracts with major clients and astrong pipeline of new business." ENDS For further information, please contact: The Core Business plc Stirling Murray, Chief Executive 020 7483 4300 www.thecorebusiness.co.uk Aquila Financial Ltd Peter Reilly 020 7202 2601 Vivienne Macey 020 7202 2602 www.aquila-financial.com ARM Corporate Finance Nick Harriss 020 7512 0191 This information is provided by RNS The company news service from the London Stock Exchange