Vela Technologies Regulatory News (VELA)

25 Apr 2007 11:50

Deal Group Media PLC25 April 2007 Press Release 25 April 2007 This announcement replaces RNS announcement number 4839V issued at 10.30hrs on25 April 2007. Deal Group Media plc ("DGM" or "the Company") Appointment of Financial Director Deal Group Media plc (DGM), a leading online media-marketing Group, todayannounces the appointment of Martin Chalmers to the Board as Finance Directorwith immediate effect. Martin Chalmers, 49, FCCA, has over eighteen years experience in seniorfinancial positions. Most recently, he was Regional Finance Director for Europeat Allied Domecq PLC for just over two years where he reported directly to theBoard. During his tenure at Allied Domecq PLC, the Company's European businessexperienced double digit profit growth and the business executed a re-definedstrategy, including a 15% reduction to operating costs. Prior to this, MrChalmers was Finance Director for Seagram Europe & Africa, a division of SeagramCo. Ltd, where he was responsible for all finance related functions within theNorth European business cluster. In this period, the company re-established itsstrategic direction as a market leader and increased profits by US$12 million. At DGM, Mr Chalmers will be responsible for the management and evolution of theGroup's financial functions and will report directly to Adrian Moss, ChiefExecutive Officer of DGM. Commenting on the appointment, Adrian Moss, CEO, said: "Martin's considerableskills in financial control and analysis together with his experience inmanaging business turnaround will be a considerable asset to DGM. Hisappointment completes the senior executive team which has also recentlybenefited from the appointment of an HR Director and Chief Technology Officer." Commenting on his appointment, Martin Chalmers said: "I am pleased to join DGMat this exciting time and look forward to updating the market on DGM'soperational progress on a regular basis." Mr Chalmers has been a director of the following companies in the last 5 years. Allied Domecq Spirits & Wine (Overseas) LtdAllied Domecq Deutschland Beteiligungs GmbHAllied Domecq Spirits & Wine Deutschland (Holdings) GmbHAllied Domecq Spirits & Wine Deutschland GmbH & Co KGFurstlich von Bismark'sche Traditions- Marken-Vertriebs GmbH & Co KG There are no further disclosures to be made regarding this appointment underSchedule 2 paragraph (g) of the AIM rules - Ends - For further information, please contact: Deal Group Media plcAdrian Moss, CEO Tel:+44 (0) 20 7943 4220 Evolution Securities LimitedTom Price, Corporate Finance Tel: +44 (0) 20 7071 4300Jeremy Ellis, Corporate Finance www.uk.evosecurities.com Abchurch Communications Ariane Comstive/Franziska Boehnke Tel: +44 (0) 20 7398 7700ariane.comstive@abchurch-group.com www.abchurch-group.com Notes to Editors Deal Group Media plc is a leading online media-marketing and technology group,which provides a comprehensive range of stand alone and multi-channel marketingsolutions across including: affiliate marketing, search marketing, emailmarketing, and online advertising. The Group works alongside advertisers andonline partners to help them achieve their e-business objectives specificallyreturn on investment (ROI). Deal Group Media's delivery is powered bysophisticated technology which includes the Group's proprietary software,dgmPro. Deal Group Media currently employs over 80 staff worldwide in offices in the UK,South Africa, Australia and New Zealand and is currently in the process ofexpanding into the Asia-Pacific region. The Group operates across the spectrumof vertical sectors and its clients includes Avis, BT, Dell, Demon, nPower,Pipex, Sainsbury's Bank, Sky, Virgin, Vodafone, and The World Wildlife Fund. Since the reappointment of the founding CEO, Adrian Moss in December 2006, a newmanagement team has been put in place to support the exciting growth plans ofthe Company going forward. The online advertising industry currently accounts for 3.6 per cent of totaladvertising spend and is forecast to grow at a faster rate than all other mediabecause of its measurability and clear return on investment for advertisers.Its growth is fuelled by the growing number of people with regular internetaccess; broadband penetration is expected to grow to 42.3 percent by 2010, and agreater tendency to shop online with consumer spending forecast to reach £72billion in 2007. More information is available at www.dealgroupmediaplc.com This information is provided by RNS The company news service from the London Stock Exchange