Business
Ten Alps Asia Launched in Sin
Ten Alps Asia Launched in Sin.
About this update from Zinc Media Group Plc
[{"type":"text","content":"\n RNS Number : 0064Y Ten Alps PLC 26 August 2009 \n \nPress Release 26 August 2009\n\nTen Alps plc\n\nTen Alps Asia is launched in Singapore \nthrough acquisition of factual TV company Uproar Asia PTE Limited\n\n\nTen Alps Plc (AIM:TAL) ('Ten Alps' or the 'Company'), the factual media company, today announces that it has launched Ten Alps Asia in Singapore, and commenced Asian operations through the acquisition and re-branding of factual TV production company, Uproar Asia PTE Limited and its slate of programmes including Vietnamese, Malaysian and US TV coverage. Ten Alps aims to replicate its UK multiplatform factual model in Asian markets. \n \nIn addition, Ten Alps has acquired the UK operations of Uproar Productions and will form part of its factual TV subsidiary, Blakeway Productions.\n\nThe maximum consideration payable under this transaction will be approximately £562,000, which includes an initial up-front cash payment of £30,000. Such consideration includes an earnout which is based on a sliding scale, on delivery per annum of between £25,000 an £200,000 profits before tax of Ten Alps PV Asia and the acquired UK operations of Uproar Productions over a two year period. The earnout is payable in cash although up to 30% could be...