Tarsus Regulatory News (TRS)

19 Oct 2005 07:00

Tarsus Group PLC19 October 2005 Packaging collaboration Tarsus Group plc ("Tarsus"), the international business-to-business media groupwith interests in exhibitions, conferences and related publishing is pleased toannounce a collaboration agreement with Landon, Farrey & Associates, Inc. (LFA).The agreement relates to the future development of Tarsus's Packaging Summitevent which will take place for the first time in May 2006 in Chicago. ThePackaging Summit consists of the Packaging Summit Conference, Packaging ServicesExpo, Packaging Containers and Materials Expo and the Hall of PackagingExcellence. LFA is a US association management company whose two founders have awealth of experience and contacts within the packaging industry. LFA's expertiselies in effecting cross-promotion and co-sponsorship relationships betweenexhibition content owners and relevant trade industry bodies. Under the agreement Tarsus will acquire from LFA certain intellectual propertyrights ("the Rights") and LFA will commit to a long-term service agreement withTarsus to secure sponsorship agreements from pertinent trade associations and toprovide conference content. The initial consideration for the Rights is expected to be US$359,000 in cashbut is subject to a performance-related maximum of US$925,000. Part of thedeferred performance-related consideration is to be satisfied by the issue of100,000 ordinary shares of 5p each of Tarsus subject to certain performanceconditions, including the achievement of a specified square meterage target. Ifthe conditions are not met by 31 December 2010 the obligation to issue theconsideration shares lapses. Douglas Emslie, Group Managing Director, said: "It is our ambition that the Packaging Summit can become one of our top fiveevents by size. Ed Landon and Pat Farrey have over 50 years' experience in thepackaging industry and they will be key in driving this event forward. To datethey have facilitated the introduction of nine association sponsors and numerousexhibitors and going forward they will also take the lead in our high leveleducational conference programme." 19 October 2005 For further information please contact: Tarsus Group plc:Douglas EmslieGroup Managing Director : Tel. 020 8846 2700 Media:Matthew MothMadano : Tel. 020 7378 7033 Investors:Neville HarrisIRfocus : Tel. 020 7378 7033 This information is provided by RNS The company news service from the London Stock Exchange