Vela Technologies Regulatory News (VELA)

20 Dec 2007 07:00

Deal Group Media PLC20 December 2007 Press Release 20 December 2007 Deal Group Media plc ("DGM" or "the Group") Board Changes Further to the announcement on 12 December 2007 detailing the sale of a majoritystake of the UK business to Isco Technical Services Ltd ("ITS"), Deal GroupMedia plc announces that, as the Group places greater focus on the Asia Pacificregion, the requirement for UK based Board Directors has been reduced. John Porter (Chairman), Lord Stone of Blackheath (Non-Executive DeputyChairman), Paul Alexander (Non-Executive Director) and Martin Chalmers (FinanceDirector), will step down from the Board. David Lees, currently a Non-Executive Director of the Board, will be assumingthe position of Non-Executive Chairman. David is a qualified charteredaccountant with many years' experience in the public company arena and has beena founding director of several public companies. In addition to Adrian Moss, ACA (Chief Executive Officer) and David Lees, theBoard includes Keith Lassman and Dominic Trigg. Keith has been a Non-Executive Director since 2003 and as a senior partner ofLondon Law Firm, Howard Kennedy, he brings considerable experience in a broadrange of corporate finance transactions. Dominic Trigg has a strong background in online and traditional mediaadvertising. Previous roles have included President of Search and Directoriesfor infospace Europe, Director of advertising operations for Yahoo! Europe,Advertising Director for Microsoft's MSN UK, Hotmail UK and Expedia as well asad manager for BT's Internet portfolio. Over the coming months the Group will seek to strengthen the Board with theappointment of an experienced Asia Pacific-based Non Executive Director. All Board changes will come into immediate effect. Adrian Moss, CEO of DGM, said "I would like to thank the departing members ofthe Board for their considerable support and contribution. We now have a Boardthat is more appropriate to the size of the Group. In addition the greaterfocus on the Asia Pacific region has led a significant reduction in ourrequirement for UK based overheads and has reduced the Group's central costbase." -Ends- For further information, please contact:Deal Group Media plcAdrian Moss, CEO Evolution Securities LimitedTom Price, Corporate Finance Tel:+44 (0) 20 7071 4300Jeremy Ellis, Corporate Finance www.uk.evosecurities.com Abchurch CommunicationsAriane Comstive/Franziska Boehnke Tel: +44 (0) 20 7398 7700franziska.boehnke@abchurch-group.com www.abchurch-group.com Notes to Editors Deal Group Media plc is an independent online media-marketing and technologygroup, which provides a range of stand alone and multi-channel marketingsolutions including: affiliate marketing, search marketing, email marketing, andonline display advertising. The Group works alongside advertisers and onlinepartners to help them achieve their e-business objectives specifically return oninvestment (ROI). Deal Group Media currently employs over 100 staff worldwide in offices in theUK, South Africa, Australia, New Zealand, Singapore and India. The Groupoperates across the spectrum of vertical sectors and its clients includes Avis,Dell, Demon, nPower, Pipex, Sainsbury's Bank, Sky, Virgin, Vodafone, and TheWorld Wildlife Fund. More information is available at www.dealgroupmediaplc.com This information is provided by RNS The company news service from the London Stock Exchange