AGM Statement

Cheerful Scout PLC
23 November 2006


              Cheerful Scout Plc: CLS / Index: AIM / Sector: Media

23 November 2006


             CHEERFUL SCOUT PLC ('Cheerful Scout' or 'the Company')

                                 AGM STATEMENT


Cheerful Scout Plc, the AIM listed multi media group, held its Annual General
Meeting today and all resolutions were duly passed.


Chairman Stuart Appleton made the following statement:


'As our final results clearly highlighted, 2006 has been an exceptional year for
us. We made great strides across all our divisions, which resulted in a
strengthening of our portfolio of blue-chip clients, an enhancement of our
technology and service offering and the winning of several prestigious awards in
the UK and Europe.


'Whilst the core business performed exceptionally well and was the main
contributor to your Company's inaugural pre-tax profits, the new divisions are
also beginning to make waves. Our newly established events division, which works
in tandem with state of the art presenting medium, nVision Presenter, has
already organised some key international live events and we look forward to this
making a significant contribution going forward. Additionally, we are very
excited about a new target market - The Business Intelligence Market - where we
see nVision Strategy taking a major role.


'As investors will be aware, a consolidation of share capital was recommended
and has now been approved. Essentially, every 25 issued and unissued ordinary
shares of 0.5 pence each in the capital of the Company shall be consolidated
into 1 ordinary share of 12.5 pence. This will reduce trading costs for
shareholders without having an adverse effect on liquidity, and in the longer
term we believe that it will enable us to attract further institutional
investment, which will give increased stability to the stock.'


Pursuant to the share consolidation, application has been made to the London
Stock Exchange plc for 9.8 million ordinary shares of 12.5 pence each ('New
Ordinary Shares') arising on the consolidation to be admitted to trading on AIM.
It is expected that dealings in the New Ordinary Shares will commence on 27
November 2006.



                                  * * ENDS * *


Contacts:

Gary Fitzpatrick Cheerful Tel: [phone]

Isabel Crossley St Brides Media Tel: [phone]


Note to Editors


Cheerful Scout is a multidisciplinary creative consultancy that specialises in
devising and delivering corporate communication solutions.


Its approach is unique, blending creativity and experience with an unparalleled
degree of technological know-how. This is what sets it apart from other
production houses - ensuring its work is original, impressive and cutting-edge.


Cheerful Scout was one of the first companies in Britain to invest in DVD
authoring technology and has created more than 500 titles for the retail and
corporate markets. Its highly experienced DVD team comprises of graphic
designers, authors and project managers.




                      This information is provided by RNS
            The company news service from the London Stock Exchange