5th Feb 2007 07:02
Electric Word PLC05 February 2007 5 February 2007 Electric Word plc Expansion of Sports Division Electric Word plc, the specialist information business, announced today theacquisition of ArkSports Limited (ArkSports) for a small cash consideration. ArkSports is a specialist conference and research business in the fast-growingniche of sport and technology. Its clients include broadcasters, technologycompanies, financial services companies, sports internet businesses, globalsponsors and sports rights owners. ArkSport will join Electric Word'sSportBusiness Group subsidiary and is expected to benefit from SBG'sinfrastructure and broader market access - through its magazines, websites,conferences and directories - to further capitalise on the expansion of thesports industry. In the year to 31 March 2006 ArkSports Limited made a lossafter tax and dividends of £12k on turnover of £80k. Electric Word is paying aconsideration of £90k. The Company continues to trade in line with the Board's expectations and theGroup's preliminary results are expected to be announced on 6 March 2007. Ends Enquiries: Julian Turner, Chief ExecutiveElectric Word plc020 7954 3470 Tim Spratt / Darrel ConnellFinancial Dynamics020 7831 3113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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