TIN Tinopolis

RNS Number:0943W
Tinopolis PLC
04 May 2007


Tinopolis PLC
4 May 2007


                   TINOPOLIS PLC ("TINOPOLIS" OR THE "GROUP")

                     ACQUISITION OF VIDEO ARTS GROUP LIMITED

Tinopolis, the AIM listed television and new media producer, is pleased to
announce that it has reached agreement to acquire the entire issued share
capital of Video Arts Group Limited ("Video Arts") for consideration
of #2.4 million on a debt free basis, payable in cash. The cash consideration 
will be met from the Group's existing cash balances.

Video Arts was established in 1972 by a small group of television professionals,
including John Cleese, who pioneered the use of humour in training. For over 30
years it has been producing training videos and DVDs that have entertained and
educated hundreds of thousands of employees, in organisations all over the
world. Their success is based on the belief that for learning material to work,
it has to be entertaining. If it's entertaining, it will also be engaging. And
the more engaging it is, the more memorable it becomes. Video Arts has over 200
current titles that have been used to provide training to over 100,000
organisations world-wide, winning over 200 major training awards. Recently, it
has launched its Digital Content Library. This currently includes over 100 of
their most popular titles, divided into hundreds of learning chapters. This
extension of choice and flexibility better reflects the needs of training
providers in this digital age.

In the year ended 31 December 2006 Video Arts generated turnover of #4.9 million
and EBITDA adjusted for non recurring management charges of #671,000.
Martin Addison, Managing Director of Video Arts commented, "The future for Video 
Arts is to continue our strategy of building our Digital Content Library.  
Digital delivery is increasingly what our customers want and the strong library 
is particularly suited to this need.  Tinopolis' experience in on-line education 
and training will help us to implement this strategy. We believe that by 
combining forces with Tinopolis  we will be better positioned than ever to 
deliver our products to customers in the UK and internationally."

Ron Jones, Tinopolis Executive Chairman said, "Buying Video Arts is in line 
with our stated acquisition strategy of looking for companies that provide 
value for our shareholders and extend our presence in our major markets. This 
acquisition moves our existing education and training business in Tinopolis 
Interactive into a new sector in that industry.  Video Arts with its large and 
respected library and over 14,000 established customers, combined with our 
existing new media and e-learning expertise consolidates our position as a 
leading player in this industry. We are very excited about the potential for us 
to work together to build the business."

For further information, please contact:

Ron Jones                                Arwel Rees
Executive Chairman                       Managing Director
Tinopolis plc                            Tel: 01554 880880

Mantra Public Relations 020 7438 4910
Lawrence Dore / Nick Bishop,
ldore@mantra-pr.com / nbishop@mantra-pr.com

Notes to editors:
Tinopolis plc

The Tinopolis Group is one of the United Kingdom's leading independent

television production companies. Established in 1989 and based in Llanelli, the
company in January 2006 completed the acquisition of The Television Corporation,
owners of leading producers Sunset + Vine and Mentorn. Tinopolis is now ranked
as Britain's sixth largest independent television producer. Tinopolis is also
one of Britain's leading new media producers. The company produces a range of
interactive, training and education materials for clients including the Ministry
of Defence, the University for Industry, the WDA, Scottish Enterprise and the
BBC in addition to other government and public authorities in the UK and
corporate organisations worldwide.




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

END
ACQILFEDERIVIID

Tinopolis (LSE:TIN)
Historical Stock Chart
From May 2024 to Jun 2024

Tinopolis (LSE:TIN)
Historical Stock Chart
From Jun 2023 to Jun 2024