CERES MEDIA INTERNATIONAL PLC
("Ceres Media" or the "Company")
Update and Directorate Change
Update
Trading conditions have continued to be difficult. Sales have remained below
management's expectations. The Company has further reduced its overheads and is
carefully managing its working capital.
Product approval
JCDecaux and CBS Outdoor have tested and approved the Company's TierraFilmTM
back-lit range of environmentally print products for use in outdoor back-lit
advertising units. The Company believes that significant sales orders may be
generated as a result of this approval.
Directorate change
Leslie Barber the Executive Chairman of the Company will take up the role of
Non-executive Chairman with immediate effect.
For further information, please contact:
Ceres Media International plc Tel: 020 3178 5622
Alex Dowdeswell / Leslie Barber
Cairn Financial Advisers LLP Tel: 020 7148 7900
Jo Turner / Liam Murray
XCAP Securities plc Tel: 0207 101 7070
Jon Belliss / Adrian Kirk