IRW-Press: Tangibal Group PLC: New Capital Raised, Trading Update and Corporate Strategy

by Press Office

(IRW-PRESS and WireNews+Co) - Vienna, Austria - 12 March 2013

Tangibal Group PLC: New Capital Raised, Trading Update and Corporate Strategy

Following the recent announcement The Board has taken significant steps to address the Groups financial and trading outlook.

New Capital Raised & Financial Outlook

Existing shareholders and directors have contributed over £250,000 to the business via a mixture of loan capital and reduction in director fees.

Also The Board can confirm that it is at final stages of closing a further investment to allow the Group to continue to invest in its media networks.

The Board can also confirm it has entered into discussions with other Out of Home media companies with a view to strategic alliances and or corporate transactions.

Finally The Board has taken positive steps to maximise profit and in the last 3 weeks the company has managed to re-structure the Group as a result of the acquisition to reduce its annual overhead costs.

Trading Update

The Cinema media network continues to attract International Brands to advertise on its digital interactive screens. Major campaigns from 3 Mobile, O2, Microsoft and Red Bull have booked across 2013.

An interactive installation for Madam Tussauds Tokyo will complete this month. This is the first client for the company in Japan where the Board believe there are significant future opportunities.

Corporate Strategy

The Group remains focussed on delivering long-term shareholder returns through exploiting opportunities in Out of Home Media. In light of the previous failed investment the Company has changed its growth strategy and is now in negotiations with a number of Out of Home Media companies with a view to effecting further acquisitions to grow the Group through the consolidation of earnings enhancing media businesses. More information on this strategy will be made public in the coming weeks

Dominic Brookman CEO commented, “Our core media business in Malls and Cinema remains positive and we still intend to grow this sector with new investment. Our systems business is beginning to grow and jointly we remain positive for the long term prospects of your Group. Our overall growth strategy through acquisition is clearly the answer to maximise shareholder returns”

For further information please contact:

Tangibal Group PLC +44 207 754 0459
Dominic Brookman
www.tangibal.com

The directors of Tangibal accept responsibility for the information contained in this announcement relating to Tangibal. To the best of the knowledge and belief of the directors of Tangibal (who have taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not affect the import of such information.