Trading Statement
March 03 2005 - 5:17AM
UK Regulatory
RNS Number:2896J
RAM Investment Group PLC
03 March 2005
3 March 2005
RAM INVESTMENT GROUP PLC
("RAM" or "the Company")
UPDATE ON TRADING
Ram Investment Group PLC, the AIM listed property, leisure and media investment
company, today announced an update on trading and in particular outlined
progress on the three key investments that the Company is currently pursuing.
FIFPro World X1 Player Awards
In October 2004, RAM announced a JV with FIFPro (Federation Internationale des
Associations de Footballeurs Professionnels) to host the FIFPro World XI Player
Awards, the world's first football awards event where the nominees are voted
for by players from around the globe. It was then announced that RAM, through
its subsidiary, RAM Media Limited, had entered into an agreement with Celador
International to produce the event.
The Board of RAM is pleased to announce that preparations for the event are
going well and that management remain excited by the revenue prospects for the
annual FIFPro World XI Player Awards event. The FIFPro World XI Player Awards
was formerly launched at an international press conference in London on 2 March
2005 in partnership with FIFPro and Celador. The first event will be held on
19 September 2005 at the Wembley Conference Centre where around 1,500 guests
and internationally renowned stars from the worlds of sport, music and film are
expected to attend. The show will be broadcast to a worldwide audience in
excess of 300 million viewers.
RAM expects to start generating revenues from the event in the second quarter
of this year, initially from table sales where profits will be split 50/50 with
FIFPro. Further details of the tables sales offering can be found at
www.fifpro.org. Further revenues will be derived from sponsorship,
merchandising, licensing, SMS and all telephone and other exploration rights
from Q3 2005 onwards.
Tiger Gambling
In January 2005, RAM announced it had entered into heads of terms with Tiger
Telematics Inc (NASDAQ: TGTL) to exploit the technology and design behind
Tiger's new mobile gaming console 'Gizmondo' specifically for applications in
the area of gambling. The heads of terms provided for a new company being
formed called Tiger Gambling Ltd which will be 75 per cent owned by Tiger
Telematics and 25 per cent owned by RAM with profits generated being shared on
a 50/50 basis.
Following positive discussions with casino operators the Board of RAM believes
that Tiger's technology platform offers a significant commercial opportunity
for multi-player real-time poker and other revenue generating applications.
Dive Dome
Dive Dome (www.divedome.com) is a unique project to design, build and operate
the first indoor diving leisure centre in the UK. RAM is in detailed
discussions with a number of corporate partners with a view to investment,
construction and operation of the centre. Specifically, RAM plans to enter into
commercial due diligence in conjunction with Biwater, an international, but UK
based, water treatment and leisure company. It is expected that this due
diligence will be completed within the next two months and after that time
further announcements of developments are anticipated.
Edward Adams, Chairman of RAM Investment Group PLC, commented: "With excellent
progress having been made on its three major projects the Board is confident
that the Company can achieve growth in shareholder value in the coming twelve
months."
For further information contact:
Edwards Adams, RAM Investment Group
07967 008448
Nick Lebetkin/Laurence Selman, RAM Investment Group
020 8349 2001
Tim Blythe/ John Moriarty, Beattie Communications
020 7398 3300
Notes to Editors
About RAM Investment Group PLC
RAM Investment Group is an AIM listed investment company that focuses on
investment opportunities in the property, leisure and media sectors.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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