Business Update

21 Dec 2007 15:28

TSE Group PLC21 December 2007 For immediate release 21 December 2007 TSE Group plc ("TSE" or "the Company") TSE opens a new office in Russia The Board of TSE is pleased to announce that it's wholly owned subsidiary, TSEConsulting SA, has established a new office in Moscow, Russia. This new Russian operation is being undertaken in cooperation with the Russiansports marketing company Coubertin Sports Marketing, an affiliate of Red SquareEntertainment, one of the leading television and entertainment business group'sin Russia. The objective is to support Russian cities in developing long-termsports strategies and in hosting international and national sports events. The new Russian office is part of TSE's planned phase of internationalexpansion. With its headquarters in Lausanne, the Olympic Capital, TSE officesnow cover the main regions where major sporting events will be held over thecoming six years. Commenting on the expansion, Lars Haue-Pedersen, ManagingDirector of TSE Consulting SA, said: "Russia is an important market for the future of sport and a key area ofexpansion for TSE. We are delighted to be making this expansion with such astrong partner. TSE has now concluded its first set of expansions. The successof TSE over the past two years has enabled a rapid but solid expansion to takeplace and now the focus will be on servicing the established markets beforemoving further with new expansions during 2008. " Peter Shepin of Coubertin Sports Marketing in Moscow said: "As many Russian cities start to develop long term strategies to improve theirrecognition and image both nationally and internationally there is a growingneed in the market for the services that TSE provides. By joining TSE we arestrengthening our ability to help cities. We are proud to be part of thisexpansion and TSE Russia is looking forward to a strong future as part of theTSE business." TSE Consulting, in addition to Russia and its headquarters in Switzerland,currently has offices in South Africa, USA, China, United Kingdom, Denmark andTurkey. For further information, please contact: TSE Group plc Tel: 0207 245 1100 Paul Foulger, Finance Director www.tsegroupplc.com Beaumont Cornish Limited Tel: 0207 628 3396 Michael Cornish Note to Editors: TSE Consulting SA is a wholly owned subsidiary of TSE Group plc, a companytraded on AIM, a market operated by the London Stock Exchange. TSE Group plcintends, through increased organic growth and acquisitions over the comingyears, to become a vertically integrated group of specialised companiesproviding high level consultancy services to governments and organisingcommittees. TSE Consulting SA is the platform upon which the rest of TSE Groupplc is based. TSE Group plc is committed to offering the complete range ofservices for governments and organising committees involved in major sportsevents. This information is provided by RNS The company news service from the London Stock Exchange