AGM Statement

24 Jul 2006 14:45

Yoomedia PLC24 July 2006 YooMedia plc / Ticker: YOO / Index: AIM / Sector: Media 24 July 2006 YooMedia plc ("YooMedia" or the "Company") Results of AGM YooMedia plc, the AIM-traded interactive media and gaming group, held its AnnualGeneral Meeting today and all resolutions were duly passed. At the meeting,Chairman Michael Sinclair made the following statement: "As mentioned in the statement released to the market on Friday 21 July, withnew banking facilities in place we remain focused on exploiting our intellectualproperty and building a leading interactive media and gaming group. "In response to a question raised by a shareholder with regards to YooMedia'sexposure to the US internet gaming industry regulations, I can confirm thatYooMedia does not operate any offshore betting or gambling. It operates under aUK fixed odds bookmakers permit and only permits gaming accounts to be openedwithin the UK." * * ENDS * * Contacts: YooMedia plcNeil MacDonald, Group Managing DirectorTel: 020 7462 0870 St Brides Media & Finance LtdIsabel CrossleyTel: 020 7242 4477 Notes on YooMedia plc: YooMedia is one of the fastest growing interactive entertainment companies inthe UK. Essentially, it develops and delivers premium interactive content andservices to households and individuals via TV, the web, telephony and mobilephones. It has four main divisions: • YooMedia Dating - manages dating brands including Dateline andAvenues from over 20 locations throughout the UK. Operates across traditionalmedia, digital TV, internet and mobile phones. • YooMedia Gambling & Games - interactive fixed odds, play for funcasino and poker related games services for digital TV, the web and mobilephones. Brands include Channel 852, operated on behalf of William Hill, andAvago, which was established by YooMedia and is now managed on behalf of GalaGroup. • YooMedia Interactive Services - delivers interactive contentthat enhances consumer and audience experiences. Customers include the BBC,Nestle, Celador, Channel 4, The Cartoon Network, Anheuser Busch, and HR Owen. • YooMedia Public Sector - provides digital solutions/mediaservices to leading public sector organisations including the NHS DirectInteractive TV service, the Learning and Skills Council TV Kickstart service anda range of local authority TV services. The Group's experienced management team includes: Chairman, Dr. Michael Sinclair, who holds a number of directorships in both the UK and the USA havingpreviously founded Lifetime Corporation; and Managing Director, Neil MacDonald,whose career spans 11 years in multimedia and interactive sectors plus a further19 years in the retail industry. This information is provided by RNS The company news service from the London Stock Exchange