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Ideal Shopping Direct PLC 20 November 2002 Ideal Shopping Direct Plc New TV Shopping Channel to be launched Ideal Shopping Direct Plc and Goldshield Group plc ("Goldshield") today announced that they have signed a Letter of Intent to launch the Goldshield Vitality TV Shopping Channel via digital satellite in Quarter 1 2003. Under the proposed agreement, Ideal Shopping Direct - who already run the Ideal World TV Home Shopping Channel on digital satellite and NTL cable - will provide Goldshield with the expertise and broadcast facilities to help develop this business for Goldshield. Paul Wright, Chief Executive of Ideal Shopping Direct, commented: "I am absolutely delighted that Goldshield have chosen Ideal Shopping Direct to be their broadcast partner in the launch of their new home shopping channel. I believe this is further affirmation that our business is firmly back on track following the fire that destroyed our premises 20 months ago. Not only has Ideal World been fully re-established in our new studio headquarters, but this represents a new revenue stream and allows us to more fully utilise our new studio facilities. This new strategic alliance further endorses us as a significant and growing force in the broadcasting of TV home shopping channels." Ajit Patel, Chairman of Goldshield, commented: "This is a strategic and considered step for the long-term development of Goldshield's European direct-to-consumer business and I am delighted with the speed of effecting this development and the commitment and support we have received from Ideal Shopping Direct Plc." 20 November 2002 Enquiries: Paul Wright, Chairman & Chief Executive Ideal Shopping Direct 08700 780 704 This information is provided by RNS The company news service from the London Stock Exchange
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