AGM Statement
October 22 2003 - 3:30AM
UK Regulatory
RNS Number:1621R
Dream Direct Group PLC
22 October 2003
Dream Direct Group Plc
PRESS RELEASE
For Immediate Release 22 October 2003
CHAIRMAN'S AGM STATEMENT
At the Annual General Meeting of Dream Direct Group Plc ("Dream Direct") to be
held today at 10.30am, Robert Silver, Chairman will read out the following
comments:
"Since the announcement of the preliminary results in early September trading
has continued in line with our forecasts, and subject to the important Christmas
and New Year trading period meeting our expectations the business is moving
towards the next important milestone of profitability.
"As part of our strategy to exploit the full potential of our current customer
database and to expand the recruitment of fresh customers, a new catalogue
titled "Boogaloo" has been developed. This catalogue offers a selection of
traditional toy, game and hobby based products with a particular appeal to our
core market, being adults over 40 who are time rich with disposable income. A
carefully managed test marketing programme was commenced at the beginning of
October and I am pleased to report that the response we have received in the
first three weeks has exceeded our initial expectations, as has the performance
of our factory outlet showroom at our premises in Bicester since it's opening in
September.
"The fundamentals of our business remain strong, underpinned by the growing
number of PCs in homes and the increasing use of family based software products
and related equipment. The Board is confident that the future prospects for
Dream Direct continue to look encouraging."
ENDS
Enquiries:
Dream Direct Group plc
www.eDREAM.co.uk
Robert Colquhoun Tel: 01869 328210
Chief Executive E-mail: robertc@dream-direct.co.uk
PR
IKON Associates
Adrian Shaw Tel: 01483 535102
Mobile: 0797 9900733
E-mail: adrian@ikonassociates.com
Download images of the catalogue and software titles are available at the above
web site under the press section at: http://www.edream.co.uk/press/
pressimages.asp?GUID=&MC
Notes for editors:
- Dream Direct Limited was founded in 1997 by Robert Colquhoun and Ollie
Vintcent and the Group was admitted to AIM on 2 May 2002 following its
acquisition of Willisham Group plc, a cash shell.
- The Company is the UK's leading direct marketing retailer to the family
PC software and peripherals market. Titles cover simulation and family games,
home interest and hobbies, education, children's software and home office.
Dream Direct also supplies selected peripheral equipment for the home PC user
including such items as DVD drives, equipment to transfer photographic negatives
and music onto a PC, and also, digital cameras.
- Dream Direct offers over 400 products in its catalogue and up to 2,000
on its website, with around half of its titles not being available on the High
Street. In the family software market, it is the "best seller of non-best
sellers".
- Examples of best selling titles are English Counties from the Air,
Scrabble, Family Tree Maker, Hornby Virtual Train Set, PC Tutorial Guides,
Carlton Cards, Pocket Camcorder, Memory Pen Drive, Encyclopaedia Britannica and
Audio Cleaning Lab.
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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