10th Nov 2009 07:00
FOR IMMEDIATE RELEASE 10th November 2009
RAM INVESTMENT GROUP PLC
("RAM" or the "Company")
TrainFX Limited acquisition of the ASG Network.
RAM announces developments regarding TrainFX Limited ("TrainFX"), a company in which RAM holds a 49.9% stake. TrainFX, the developer of passenger information, media, communication and security systems for the rail sector, has acquired the business and assets of ASG Media Group ("ASG") including certain assets of ASG Media Plc and the business and assets of ASL Media Limited and Freelance Media Limited.
ASG was a leading digital out of home specialist Media Company which went into administration on 2 November 2009. TrainFX will now commence investing in stabilising, improving and enhancing the existing ASG network in order to provide both shopping malls and advertisers with a more robust offering.
The ASG network will now be able to benefit from specialist technical support from Train FX, which has previously supplied software and technical support for other out of home media companies.
For further information:
|
RAM Investment Group plc |
www.raminvestmentgroup.co.uk |
|
Tim Baldwin, Executive Chairman |
Tel: 0207 518 4300 |
|
Sandy Jamieson Libertas Capital Corporate Finance Limited |
Tel: 0207 569 9650 |
|
Monisha Varadan, Rivington Street Corporate Finance Limited |
Tel: 0207 562 3389 |
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