Business
Pre-close Trading Update
Pre-close Trading Update.
About this update from Mineral And Financial Investments Ltd
[{"type":"text","content":"\n Upstream Marketing and Comms Inc.\n31 March 2008\n\n\n Upstream Marketing and Communications Inc.\n\n ('Upstream' or 'the Company')\n\n Pre-close Trading Update\n\n\nUpstream Marketing and Communications Inc. (AIM: UPS), the Asia-based full\nservice marketing and corporate communications network, is pleased to provide a\npre-close trading update ahead of its preliminary results for the financial year\nended 31 December 2007.\n\nThe Company expects revenues in the financial year ended 31 December 2007 to be\nin excess of US$ 4.0 million, a 50% increase over the same period in 2006. The\nincrease in revenue is as a result of both strong organic growth, as Upstream\nhas capitalised on opportunities in the communications sector in China and other\nAsian growth economies, and the acquisition and integration of a Sydney-based\npublic relations firm, renamed Upstream Australia, which has been providing a\nprofitable contribution to the Company since 1 April 2007.\n\nSince the year end, Upstream has continued to win new business, including from\nAmerican Standard, Capgemini, Citrix Systems, and VP Bank in addition to those\npreviously announced wins such as EnQii, Fidessa, the Ministry of Culture of\nGreece, HTC, and NeuStar. As a consequence monthly revenues have continued to\ngrow despite the traditionally slow start to the New Year in the Asia Pacific\nregion with revenue in the first two months of the current financial year\nshowing an improving trend year on year.\n\nThe directors believe that significant opportunities will arise for Upstream in\nChina in the current financial year with the momentum carried forward from\nadvance planning efforts for the Olympic year. Our Australian office will\ncontribute its first full year revenue stream, and has experienced a smooth\ntransition to the new senior leadership recently appointed by the Company, as\npreviously announced.\n\nThe Company will announce its preliminary results for the year ended 31 December\n2007 on 26 May 2008.\n\nFor additional details please contact:\n\nDavid Ketchum, CEO\nUpstream Asia Tel:+852 2973 0222\nEmail: [email protected]\n\nStrand Partners Limited\nJames Harris / Angela Peace Tel: +44 (0)20 7409 3494\n\nHybridan LLP Tel: +44 (0)20 3159 5085\nClaire Louise Noyce\nStephen Austin\n\nAbout Upstream\n\nFounded in 2000, Upstream is a full service marketing...