2nd Mar 2007 14:51
WPP Group PLC02 March 2007 FOR IMMEDIATE RELEASE 2 March 2007 WPP GROUP PLC ("WPP") Neo@Ogilvy acquires 70 % of Global Strategies International in US WPP announces that its wholly-owned unit Neo@Ogilvy, the global digital anddirect media network of the Ogilvy Group, has acquired 70% of the share capitalof Global Strategies International Inc. ("GSI"). GSI specialises in searchengine optimisation, brand reputation management and training for globalenterprise companies. Founded in 2004 and based in Farmington, Connecticut, GSI employs 16 people. GSIhad unaudited revenues of US$2.17 million for the year ended 31 December, 2006,with gross assets at the same date of US$0.84 million. This investment continues WPP's strategy of developing its networks in fastgrowing markets and sectors and strengthening its capabilities in digital media. Contact:Feona McEwan, WPP T: + 44 (0)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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