Boomerang Plus PLC
18 February 2008
Date: 18 February 2008
On behalf of: Boomerang Plus plc ("Boomerang" or "the Group")
Embargoed until: 0700hrs
Boomerang Plus plc
Notice of Results
Boomerang Plus plc (AIM: BOOM.L), a profitable and vertically integrated,
multi-genre, independent television production group operating within the
Nations and Regions, today announces that it will be releasing its maiden
interim results for the six months ended 30 November 2007, on Monday 25 February
2008.
An analyst briefing will be held at 0930hrs on the day at Redleaf Communication,
9-13 St Andrew Street, London, EC4A 3AF. Please contact Anna Dunkin at Redleaf
on 020 7822 0200 / ad@redleafpr.com if you would like to attend.
- Ends -
For further information, please contact:
Boomerang Plus plc Via Redleaf Communications
Huw Davies, Chief Executive
Mark Fenwick, Finance Director
Redleaf Communications 020 7822 0200
Emma Kane/ Sanna Lehtinen/Anna Dunkin
Notes to Editors:
• The Group, founded in 1994, has extensive experience in producing
content in a variety of genres, including youth programming, music,
entertainment, children's programming, extreme sports and drama
• The Group has good revenue visibility as a high proportion of its
budgeted revenue is contracted with broadcasters
• The market for independent television production companies in the
Nations and Regions has grown following quotas from the regulator Ofcom, which
require that, depending on the broadcaster, between 10 per cent. and 50 per
cent. of qualifying programming hours must be sourced from outside the M25
boundary
• Boomerang is ranked in the top five independent television
production companies, by revenue, in the Nations and Regions according to the
Broadcast Survey (Nations and Regions) 2007
• The Board's strategy is both to achieve strong organic growth by
leveraging the Group's existing customer base coupled with strategic
acquisitions, with a view to becoming a major supplier to UK networks looking to
satisfy their Nations and Regions quotas
• Boomerang is well placed to lead the consolidation of regional
independent production companies across the UK. Target companies which meet the
acquisition criteria will have a strong track record, which will assist the
Group to grow further, outside Wales
This information is provided by RNS
The company news service from the London Stock Exchange
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