AGM Statement
August 23 2007 - 3:01AM
UK Regulatory
RNS Number:6788C
Vitesse Media PLC
23 August 2007
Date: 23 August 2006
On behalf of: Vitesse Media Plc ("Vitesse", the "Company" or the "Group")
Embargoed until: 0700hrs
Vitesse Media Plc
AGM Statement
At the Annual General Meeting of Vitesse Media Plc (AIM: VIS), the publishing,
events and multimedia company, which will be held at 10am today, the Company's
Chairman, Sara Williams, will make the following statement:
'The Company has continued to make strong progress since the announcement of its
results in July including the completion of a comprehensive review of our five
brands comprising:
Growth Company Investor/GrowthCompany.co.uk, BusinessXL/GrowthBusiness.co.uk,
SmallBusiness.co.uk, M&Amagazine/MandADeals.co.uk and What Investment/
www.WhatInvestment.co.uk
The strength of our business lies in the breadth of our activities and is
underpinned by annual subscriptions and a calendar of leading industry events.
I am pleased to report that online advertising also remains strong with our
digital display inventory being sold out on a monthly basis and bookings for our
events, such as our major awards events and seminars, continually exceeding
expectations.
The Company will be able to begin to leverage the full potential of its assets
now that the full marketing team is in place, in particular focusing on driving
subscription income and sales of research reports and other publications.
The Group is increasingly becoming viewed as the source of informed comment by
the market and its online offerings are attracting significantly larger volumes
of traffic. The redesign of the Growth Company Investor website,
www.GrowthCompany.co.uk, scheduled for completion in Autumn 2007, is aimed
towards increasing its value further to both subscribers and non subscribers.
The outlook for 2008 remains encouraging both in terms of organic growth and
opportunities to diversify the spread of our activities by acquisition.'
Enquiries:
Sara Williams www.vitessemedia.co.uk
Vitesse Media Plc Via Redleaf Communications
Emma Kane/Sanna Lehtinen
Redleaf Communications Ltd Tel: 020 7822 0200
About Vitesse Media Plc
Award-winning, AIM-listed Vitesse Media plc is a multi-platform media business
boasting an array of market leading magazines, websites and events. Its focus is
on the entrepreneurial sector, with an expert hub of information on AIM.
Vitesse's websites include SmallBusiness.co.uk, GrowthBusiness.co.uk,
GrowthCompany.co.uk, Whatinvestment.co.uk and MandAdeals.co.uk. Its magazine
stable includes titles such Business XL, Growth Company Investor, M&A and What
Investment. The high-profile Vitesse Events division produces the Quoted Company
Awards, Investor All Stars, Growth Cycle Seminars, Media & Money and the Growth
Company Investor Show. Every month, Vitesse Media reaches a targeted audience of
around 670,000 people, consisting of CEOs, entrepreneurs, professional advisers,
venture capitalists and other investors, both institutional and private.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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