20th Mar 2006 09:04
WPP Group PLC20 March 2006 FOR IMMEDIATE RELEASE 20 March 2006 WPP GROUP PLC ("WPP") Mediaedge:cia increases stake in The Leverage Group WPP announces that its wholly-owned operating company Mediaedge:cia, a leadingglobal media investment management company, has acquired a further 60% of theissued share capital of The Leverage Group Inc. taking its stake to 80%.Mediaedge:cia has also committed to purchase the remaining 20% at a later date. The Leverage Group, an entertainment marketing and strategic partnershipconsulting firm, specializes in building strategic alliances and partnershipsamong brand marketers, entertainment/sports entities and non-profitorganizations. Founded in 1999, it has been part of the Mediaedge:cia network since 2003. Thecompany is headquartered in New York and has an office in Los Angeles, employing26 people in total. Clients include The Tribeca Film Festival, Berlex, GenworthFinancial, Jones Apparel Group, Charming Shoppes and National Geographic. The Leverage Group's revenues for the year ended 31 December 2005 were US$4.4million, with net assets at the date of this latest acquisition of US$1.1million. This investment continues WPP's strategy of developing its networks in fastgrowing markets and 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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