23rd Sep 2011 10:38
CERES MEDIA INTERNATIONAL PLC ("Ceres" or the "Company" or the "Group") Share price movement and update
The board of Ceres (AIM: CMI) notes the recent movement in the Company's share price and confirms that it is not aware of any reason for this movement.
As disclosed in the Company's admission document, published 2 September 2011, the Group has developed a range of cost-effective, compostable and sustainably sourced print materials, focussed on retail point of sale and advertising print media which is marketed under the NatureWovenTM trade name.
Following positive feedback from trials that have occurred at a number of key printers in the UK, Sweden, Ireland and the USA, together with initial campaign orders via the Company's distributors by two international retailers, the Group believes it is in a strong position to continue to expand its client base in the market.
The Group continues to expand its print material distribution partners across Europe and the USA and now has representation in three European countries and twenty two states in the USA. The Group is in advanced discussions with a number of other print material distributors in other territories in relation to stocking the Company's range of products.
A further announcement will be made in due course.
For further information, please contact:
Ceres Media International PLC Tel: 020 3178 5622 Alex Dowdeswell CEO Nominated Adviser Tel: 020 7148 7900 Cairn Financial Advisers LLP Jo Turner / Liam Murray Broker Tel: 020 3002 2070 First Columbus LLP
Chris Crawford / Kelly Gardiner
Financial PR Tel: 020 7556 1063 De Facto Financial Mike Wort / Anna Dunphy
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