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RNS Number:2386Q
RAM Investment Group PLC
18 August 2005


         RAM Announces Golf Property Joint Venture Partnership with PMG

18 August 2005

RAM Investment Group plc (RAM) is pleased to announce that it has reached an in
principle joint venture agreement with Parallel Media Group plc (PMG). The
proposed joint venture would aim to create and develop championship golf courses
incorporating residential and resort style living in Eastern Europe, Latin
America and the Caribbean.

This proposed joint venture provides a real opportunity for both companies to
take advantage of the synergies that exist between them. RAM has over 45 years
of experience in the property industry and PMG has extensive experience in
global golf sponsorship sales, sports marketing and media.

RAM will focus on locating suitable property sites for the planning and
development of future golf courses, while PMG's role will be to source, and
where relevant, promote professional golf tournaments to be staged at these
venues.

The joint venture partnership aims to create high value residential and luxury
golf resort hotels at each site, working in tandem with local residential
development companies. It also intends to create investment value on the resort
hotels by leasing them to a hotel group/s.

Other revenue streams for the proposed joint venture to explore are the selling
off or part selling of residential property whilst PMG would retain the long
term option to promote and stage golf tournaments at each individual golf
course.
Another possibility, subject to each local golfing fraternity, would be through
the sale of debentures.


More.../

RAM Announces Golf Property.../2

The management of RAM believes that there is a strong status for local
authorities within the designated search area to possess a world class
competition course, in some cases potentially the only one of its type in a
particular region. RAM is equally confident that it will be able to enter into
favourable land deals at local government level.

Laurence Selman, Director of RAM Investment said,

"We benefit from an extensive knowledge of the property trade and have extensive
contacts around the world with property agents and international hotel groups;
we believe that this partnership represents a solid and potentially rewarding
property model with the prospect of being rolled out internationally.

"With PMG's expertise in sponsorship, media and golf, we are looking forward to
a successful relationship where both parties can trade on their strengths, thus
bringing additional value to our shareholders. RAM is looking forward to
developing its portfolio in the sporting and property arena internationally" he
said.

On 9 August 2005 RAM agreed heads of terms to invest in Parallel Media Group
plc.

                                    - ENDS -

For information please contact:

Tim Blythe / Loic Echaubard                  Laurence Selman, Director
0207 053 6000                                0208 349 2001
Beattie Communications                       RAM Investment Group plc






Notes to Editors

About RAM Investment Group PLC

RAM Investment Group is an AIM listed investment company that focuses on
investment opportunities in the media and leisure sector, specifically seeking
low risk, high return investments.

Mr Lebetkin, Director, has been involved in the property industry for 17 years.
Over this period he has acted as agent,  adviser and principal in a vast array
of development and investment transactions throughout the United Kingdom. In 
recent years he has had considerable success in the property development arena
by virtue of his particular skills and  experience in exploiting the
complexities of the UK planning environment.

Mr Selman, Director, has been involved in the property industry for 29 years. He
has been involved in transactions as  agent, adviser and principal, with
particular focus on the motor and petrol property sector and latterly general 
commercial. In recent years he has worked closely with Nicholas Lebetkin, acting
as principals, and using their  experience of the planning environment, on a
range of transactions relating to Brownfield property assets.

About PMG

AIM quoted Parallel Media Group plc ("PMG") is a global media, marketing and
sports management Company. The Group owns one of the largest asset portfolios in
Golf and has organised and promoted over 100 professional tournaments since its
inception 18 years ago. The key areas of the business are in Asia, particularly
in China and South East Asia, and in the Spanish speaking Americas, and Europe
where PMG owns extensive commercial and broadcast rights.

The Group has served a diverse range of clients over the years and continues to
devise unique and innovative mediums to better serve the demands of global
brands through event creation and marketing platforms. Current clients include
UBS, Adidas Taylor Made, Carlsberg, Malaysia Tourism, Robe di Kappa, Telekom
Malaysia, Samsung, Standard Chartered and TCL.

The Group is currently organising and promoting tournaments including The UBS
Hong Kong Open, The Singapore Masters presented by Carlsberg, The Enjoy Jakarta
Standard Chartered Indonesian Open, The Malaysian Open, The TCL Classic, Samsung
Ladies Masters Singapore, The Thailand Ladies Open and the inaugural Kazakhstan
Open in Almaty.


In Latin America, PMG is the exclusive commercial rights holder and partner to
the Tour de las Americas, (TLA) the men's professional golf tour of Central /
South America and the Caribbean.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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