Business
Appointment of PR Adviser
Appointment of PR Adviser.
About this update from Audioboom Group Plc
[{"type":"text","content":"\n Boomerang Plus PLC\n07 November 2007\n\nDate: 7th November 2007\nOn behalf of: Boomerang Plus plc (\"Boomerang\" or \"the Group\")\nImmediate Release\n\nBoomerang Plus plc\nAppointment of PR Adviser\n\nBoomerang Plus plc (AIM: BOOM.L), a profitable and vertically integrated,\nmulti-genre, independent television production group operating within the\nNations and Regions, announces that it has appointed Redleaf Communications as\nits financial PR adviser with immediate effect.\n\nBoomerang, founded in 1994, has extensive experience in producing content in a\nvariety of genres, including youth programming, music, entertainment, children's\nprogramming, extreme sports and drama. The Group produces over 500 hours of\ntelevision and radio content per annum for S4C, Channel 4, BBC Wales, ITV Wales,\nSky and Discovery.\n\nThe Group floated on AIM on 5th November 2007, raising £3.0 million before\nexpenses.\n\n\nFor further information, please contact:\n\nBoomerang Plus plc Via Redleaf Communications\nHuw Davies, Chief Executive\nMark Fenwick, Finance Director\n\nRedleaf Communications 020 7822 0200\nEmma Kane/Sanna Lehtinen/Anna Dunkin\n\n\n\nNotes to Editors:\n\n• The Group, founded in 1994, has extensive experience in producing content \n in a variety of genres, including youth programming, music, entertainment, \n children's programming, extreme sports and drama\n\n• The Group has good revenue visibility as a high proportion of its budgeted \n revenue is contracted with broadcasters\n\n• The market for independent television production companies in the Nations \n and Regions has grown following quotas from the regulator Ofcom, which\n require that, depending on the broadcaster, between 10 per cent. and 50 per\n cent. of qualifying programming hours must be sourced from outside the M25\n boundary\n\n• Boomerang is ranked in the top five independent television production \n companies, by revenue, in the Nations and Regions according to the \n Broadcast Survey (Nations and Regions) 2007\n\n• The Board's strategy is both to achieve strong organic growth by leveraging \n the Group's existing customer base coupled with strategic acquisitions, \n with a view to becoming a major supplier to UK networks looking to satisfy \n their Nations and Regions quotas\n\n• Boomerang is well placed to lead the consolidation of regional in...