Vela Technologies Regulatory News (VELA)

12 Dec 2007 10:05

Deal Group Media PLC12 December 2007 Press Release 12 December 2007 Deal Group Media plc ("DGM" or "the Group") Trading update Deal Group Media plc (AIM: DGM), an independent online marketing group, ispleased to give the following update on current trading on its operations. The Board remains confident that the Group will return to profitability nextyear and that the overseas business units will deliver positive cash flow withinthe first half of 2008. The Australian business has increased its sales with a client base of over 140advertisers including many major international brands. From the Group's base inSingapore two distinct business units have been successfully launched. AKTIVGroup is an advertising network which aggregates and sells advertising inventoryfrom online publishers to agencies and advertisers. AKTIV Group has alreadysecured several clients. In addition, DGM has been launched in Singapore with amulti-channel offering with a greater initial focus on search engine marketing.Both businesses share a common client base. The South African operation is now profitable, albeit at a low level. In India,DGM has launched a multi-channel offering to advertisers and agencies and isalready generating sales from rapidly increasing client list. These offeringsinclude affiliate marketing, search engine, email marketing and technologysolutions. Following an earlier announcement today the Group has disposed of a 51 per cent.stake in its UK operations including the central technology team. Trading inthe affiliate and search engine marketing remains profitable and has enjoyed arecent upturn in customer acquisitions. The sale of the majority stake willreduce the Group's central operating costs and UK based overheads while enablingour shareholders to benefit from any uplift in the value of the ongoing UKoperations. Adrian Moss, CEO of DGM, commented: "We are very pleased with our progress inthe Asia Pacific region. All overseas business units are building revenues aswell as establishing themselves as key players in their region. We remainexcited by the prospects and are looking to the future with confidence." -Ends- For further information, please contact: Deal Group Media plcAdrian Moss, CEO Evolution Securities Limited Tom Price, Corporate Finance Tel: +44 (0) 20 7071 4300 Jeremy Ellis, Corporate Finance www.uk.evosecurities.com Abchurch Communications Ariane Comstive/Franziska Boehnke Tel: +44 (0) 20 7398 7700 franziska.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's delivery is powered by sophisticatedtechnology which includes the Group's proprietary software, dgmPro. 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