11th Aug 2005 09:30
WPP Group PLC11 August 2005 FOR IMMEDIATE RELEASE 11 August 2005 WPP GROUP PLC ("WPP") JWT acquires Malone Advertising, Inc in US WPP announces that its wholly-owned operating company JWT, the globaladvertising agency network, has acquired Malone Advertising, Inc. a leadingretail marketing speciality agency. Founded in 1943 and headquartered in Akron, Ohio, with offices in five othercities in the US (including Bentonville, Arkansas) and Toronto, Canada, MaloneAdvertising has 200 full time employees. Malone Advertising clients includeBayer, GlaxoSmithKline, John Deere, Kimberly-Clark, Nestle and Pfizer. Malone'sclose relationships with major US retailers, especially with Wal-Mart, provideits clients with a unique path onto these retailer's shopping floors. Malone Advertising's unaudited revenues for the year ended 31 December 2004 wereUS$13.4 million, with net assets at closing of US$1.1 million. This investment continues WPP's strategy of developing its networks in importantcommunications services sectors. For further information please contact: Feona McEwan, WPP 44-20 7408 2204www.wpp.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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