12th Oct 2012 07:00
CERES MEDIA INTERNATIONAL PLC ("Ceres Media" or the "Company") Update and Directorate Change Update
Trading conditions have continued to be difficult. Sales have remained below management's expectations. The Company has further reduced its overheads and is carefully managing its working capital.
Product approval
JCDecaux and CBS Outdoor have tested and approved the Company's TierraFilmTM back-lit range of environmentally print products for use in outdoor back-lit advertising units. The Company believes that significant sales orders may be generated as a result of this approval.
Directorate change
Leslie Barber the Executive Chairman of the Company will take up the role of Non-executive Chairman with immediate effect.
For further information, please contact:
Ceres Media International plc Tel: 020 3178 5622 Alex Dowdeswell / Leslie Barber
Cairn Financial Advisers LLP Tel: 020 7148 7900 Jo Turner / Liam Murray XCAP Securities plc Tel: 0207 101 7070 Jon Belliss / Adrian Kirk
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