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Trading Update

1 Nov 2013 07:00

ONE MEDIA IP GROUP PLC - Trading Update

ONE MEDIA IP GROUP PLC - Trading Update

PR Newswire

London, October 31

1 November 2013 One Media iP Group plc ("One Media" or "the Group" or "the Company") Trading Update One Media iP Group Plc (AIM: OMIP.L) is pleased to give the following update onTrading, ahead of the announcement of full year results for the period ended 31October 2013, which are expected to be announced in February 2014. The Board is delighted to report that the Group continues to trade in line withboth the Directors' and market expectations and is in line to meet year endforecasts. Since the half-year, One Media has consolidated its position with a number ofits licensor partners, by initiating deals whereby the Group effects a buy-outof the royalty income due to them on our exploitation of royalty bearingcontent. The Group has invested USD$122,550 in this activity, with a selectednumber of qualifying license partners which offer favourable benefits andsavings to the Group. We believe this to be an efficient use of One Media'scash resources. The Group has also signed further deals for more video and audio content. Theseinclude over 300 `Animal video documentaries' targeted at younger viewers,`Keep Fit" video material and `Underground Breakdance' video content. We arepleased to see viewership of content distributed via our newly establishedYouTube channels reach over 300 million minutes of viewing since November 2012. Overall the Group retains a strong cash position; is debt free; profitable andis paying a healthy dividend. The move to AiM in April 2013 has improvedliquidity in trading of the Company's shares and pleasingly the share price hasperformed well, now better reflecting, in the Boards' opinion, the underlyingvalue and potential of the business. We continue to seek further opportunities to expand our catalogue of both audioand visual content and looks forward to expanding the Group's business andreturning value to shareholders. We look forward with confidence. One Media is also pleased to announce that it has appointed Charles StanleySecurities as its new corporate Broker. Charles Stanley Securities will workalongside our existing NOMAD Cairn Financial. The directors believe that thisappointment will broaden the company's reach and enhance investor access. Wewould like to thank the team at Hybridan for their professional service overthe last few years. For more information visit www.onemedia contact: Michael Infante One Media iP Group PLC +44 (0) 175 378 5500Chairman and CEO Liam Murray Cairn Financial Advisers LLP +44 (0) 207 148 7900Jo Turner Nominated Adviser Mark Taylor Charles Stanley Securities +44 (0) 207 149 6000Broker John West Tavistock Communications +44 (0) 207 920 3150Niall Walsh Public Relations Notes to Editors: One Media is a digital music and video rights owner. Theconsumer led but B2B (Business-to-business) operation looks to exploit itscatalogue of over 170,000 music tracks and over 5,000 hours of video byrecompiling the content for sale through over 600 digital music and videostores worldwide, such as itunes, Spotify, Amazon and YouTube. The Group has ateam of Creative Technicians, who digitise the content, create the metadata andre-compile and prepare the digital music & video releases using bespokein-house software. Additionally, One Media makes its library of content available for TV shows,movies, adverts, games and websites. One Media operates an online sync databasesystem that enables music supervisors to explore the library and select tracksfor music briefs. One Media focuses on music performed by well known artists from every genre,including; pop, rock, reggae, R&B, children's music, karaoke, jazz, soul,blues, rap, hip-hop, gospel, world-music, plus stand-up comedy, spoken-word andover 1,000 hours of classical music. One Media is eligible for Enterprise Investment Schemes ("EIS") and VentureCapital Trusts ("VCT") The Group is both profitable and dividend yielding andlisted on Aim in 2013 having been traded on ISDX since 2006.

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