Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

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We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Velti PLC (VEL)

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Friday 23 March, 2007

Velti PLC


Velti PLC
23 March 2007

FOR IMMEDIATE RELEASE                                   Friday, 23 March 2007


LONDON - Velti plc ('Velti' or 'the company'), a leading provider of software
platforms, applications and services for advertising agencies and mobile
operators, has agreed to acquire a 100% interest in M-Telecom OOD ('M-Telecom')
for a total consideration of between €1.01 million and €2.56 million depending
on M-Telecom achieving certain profitability targets for 2007 and 2008. The
total consideration will be calculated at a multiple of 4.5 times EBITDA. The
initial consideration of €0.48 million will be satisfied in cash on completion
and the remaining payment will be made in cash or Velti ordinary shares (at the
company's discretion) by 30 May 2009.

M-Telecom is the leading independent mobile value added services provider in
Bulgaria with an estimated market share of approximately 40%. Its product
offering includes mobile marketing and content services. M-Telecom's largest
customer is M-Tel, Bulgaria's leading mobile network operator. The acquisition
of M-Telecom complements Velti's existing relationship with COSMOTE which owns
Globul, Bulgaria's second largest mobile network operator. M-Tel and Globul
account for approximately 90% of the Bulgarian mobile market.

For the year ended 31 December 2005, the latest published statutory accounts,
M-Telecom generated revenues of approximately €580,000 and EBITDA of
approximately €100,000. For the year ended 31 December 2006, management accounts
show that M-Telecom generated revenues of approximately €770,000. The company
expects that M-Telecom will make a positive contribution to earnings per share
for 2007 and 2008 on a fully diluted basis.

The acquisition of M-Telecom establishes Velti's leadership position in the
Bulgarian mobile value added services and mobile marketing market, providing
Velti with the opportunity to generate additional revenue by selling its mobile
platforms to Bulgarian mobile network operators and advertising agencies. The
top management of M-Telecom, including Mr Stoytcho Vlaykov (Managing Director),
a former Mobile executive for Yahoo, will remain with the company for a minimum
of two years.

Stoytcho Vlaykov, Managing Director of M-Telecom, commented: 'I am very excited
that M-Telecom is joining forces with Velti, and we look forward to jointly
serving mobile customers and operators in Bulgaria, providing premium mobile
services and content.'

Alexandros Moukas, Chief Executive of Velti, commented: 'This is a focused
acquisition for Velti establishing us in Bulgaria in line with our stated
strategy. M-Telecom is the leading Mobile Value-Added Services provider in
Bulgaria with a respected management team and will enable us to grow rapidly and
profitably in that market.'


Bankside:                              020-7367-8888
Simon Bloomfield or Andy Harris

About Velti

Velti is a leading platforms and service provider that enables mobile marketing,
content and value added services. Velti works with mobile operators, advertising
agencies and media to deliver value added services.

Founded in 2000, Velti has offices in London, New York, Boston and Athens and is
already serving more than 100 corporate customers in 9 countries including
Vodafone, Orange, COSMOTE, TIM, Q-Telecom, OTE, Turkcell, Verizon / Maxpreps and
Argos among others. Velti is a publicly traded company listed on the London
Stock Exchange (AIM) with strong growth in revenue and profits and currently
employs more than 180 people, including more than 110 technology staff.

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

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