Vela Technologies Regulatory News (VELA)

31 Aug 2007 15:02

Deal Group Media PLC31 August 2007 Press Release 31 August 2007 This announcement replaces RNS announcement number 8705C released 28 August. The number of Placing Shares in paragraph 6 has been amended to the correctnumber of 34,000,000. Deal Group Media plc ("DGM" or "the Group") Trading update and Placing Deal Group Media plc (AIM: DGM), an independent online marketing group, todayreleases a trading update ahead of its Interims Results which are expected to beannounced in September 2007. Overseas trading in the current year has been encouraging, while the investmentmade in the Asia Pacific business has started as planned. The Group is alreadyseeing exciting opportunities for the provision of complete digital solutions toclients in Asia Pacific from its recently launched regional base in Singapore. Trading in the UK has been profitable, however below DGM's potential. Whilst theGroup is expecting to report a full year loss for the year ending 31 December2007, it expects that this will be reduced from the loss reported in 2006. Weare confident that the Group will return to profitability in 2008. DGM is also pleased to announce that it has raised £850,000 via a placing of34,000,000 new Ordinary Shares at 2.5 pence per share. The proceeds of thePlacing will be used to provide working capital and enable the Group to executethe continued expansion strategy in the Group's Asia Pacific operations. Adrian Moss, CEO of DGM, said: "We are delighted with the support demonstratedby new and existing shareholders and we are excited about building on the newstrategy outlined In the Preliminary Results in April 2007." Application has been made to the London Stock Exchange for the new OrdinaryShares to be issued pursuant to the Placing to be admitted to trading on AIM("Admission"). It is expected that Admission will become effective and thatdealings will commence at 8.00 a.m. on Monday, 3 September 2007 in respect ofthe 34,000,000 Placing shares. The new Ordinary Shares to be issued pursuant to the Placing will, when issuedand fully paid, rank pari passu in all respects with the existing OrdinaryShares of DGM and will be issued subject to the memorandum and articles ofassociation of DGM. -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 4300Chris Clarke, Corporate Finance www.uk.evosecurities.com Abchurch CommunicationsAriane Comstive/Franziska Boehnke Tel: +44 (0) 20 7398 7700ariane.comstive@abchurch-group.com www.abchurch-group.comfranziska.boehnke@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