Acquisition
November 10 2009 - 2:00AM
UK Regulatory
TIDMRAM
RNS Number : 2335C
RAM Investment Group PLC
10 November 2009
FOR IMMEDIATE RELEASE10th November 2009
RAM INVESTMENT GROUP PLC
("RAM" or the "Company")
TrainFX Limited acquisition of the ASG Network.
RAM announces developments regarding TrainFX Limited ("TrainFX"), a company in
which RAM holds a 49.9% stake. TrainFX, the developer of passenger information,
media, communication and security systems for the rail sector, has acquired the
business and assets of ASG Media Group ("ASG") including certain assets of ASG
Media Plc and the business and assets of ASL Media Limited and Freelance Media
Limited.
ASG was a leading digital out of home specialist Media Company which went into
administration on 2 November 2009. TrainFX will now commence investing in
stabilising, improving and enhancing the existing ASG network in order to
provide both shopping malls and advertisers with a more robust offering.
The ASG network will now be able to benefit from specialist technical support
from Train FX, which has previously supplied software and technical support
for other out of home media companies.
For further information:
+------------------------------------------------+------------------------------+
| RAM Investment Group plc | www.raminvestmentgroup.co.uk |
+------------------------------------------------+------------------------------+
| Tim Baldwin, Executive Chairman | Tel: 0207 518 4300 |
+------------------------------------------------+------------------------------+
| Sandy Jamieson Libertas Capital Corporate | Tel: 0207 569 9650 |
| Finance Limited | |
+------------------------------------------------+------------------------------+
| Monisha Varadan, Rivington Street Corporate | Tel: 0207 562 3389 |
| Finance Limited | |
+------------------------------------------------+------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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