1st Aug 2006 09:03
WPP Group PLC01 August 2006 For Immediate Release 1 Aug 2006 WPP GROUP PLC WPP acquires public affairs firm, Public Strategies, Inc. in US WPP announces that it has agreed to acquire the entire issued share capital ofPublic Strategies, Inc. ("PSI"), a US-based public affairs firm, specialising inissues management. Founded in 1988 and based in Austin, Texas with 7 other USoffices and offices in Mexico City and London, the firm employs 175 people.PSI's diverse client roster includes some of the world's leading corporations,nonprofit organisations and professional firms. With a reputation based strongly on its issues management practice, the firmhelps company leaders to assess public opinion and risk, and to developstrategies that affect perception and systems for managing uncertainty. Ithandles the outsourcing of entire functions such as government relations andcorporate and employee communications. PSI's audited revenues for the year ended 31 December 2005 were US$38.5 millionwith net assets at closing of US$2.3million. This investment continues WPP's strategy of developing its networks in fastgrowing markets and sectors. Contact: Feona McEwan, WPP +44 (0)20 7408 2204 www.wpp.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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