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NEWS RELEASE For Immediate Release VTR Signs Cameron Thomson Group as Strategic Development AgencySeptember 6, 2002, London, England - Cameron Thomson Group Ltd., the leading provider of business development solutions for the media and entertainment industries, today announced it has been engaged by VTR Plc as its strategic Business Development agency. As part of this arrangement, Cameron Thomson is charged with assisting VTR to evolve its business to higher levels of growth and profitability through commercial and techological initiatives and relationships. "VTR is the pre-eminent company in television and film post production in the UK, and we are excited to be involved in spearheading its growth", comments Ronald Thomson, President of Cameron Thomson Group. "We believe new areas including Digital Laboratory/D-Cinema, together with Digital Asset Management will be key in VTR's evolution."
VTR Plc heads a group of companies operating in the media sector, whose core activities comprise all aspects of film and television programme post-production. From a small video editing operation formed in 1984, VTR has grown to a turnover in excess of £23m with pre-tax profit of £2.7m in 2001, employing around 250 people. The company was quoted on the old "third" market in 1987 and obtained a full listing in 1994. VTR's core subsidiary, Video Tape Recording Limited is a market-leader in high-end television commercials post-production. Its clients are advertising agencies and commercials production companies whose products are transmitted world-wide. Video Tape Recording's sister company, blue post-production limited, serves the needs of broadcasters and programme makers and in its 4th Year of trading won Broadcast Magazine's award for Best Post-Production Facility. The third company in VTR's Post-Production Division is The Machine Room Limited, supplying multi-format duplication, telecine facilities, editing and more recently, DVD authoring and mastering. The Machine Room counts among its clients many of the world's largest media companies. The Hive Limited supplies high quality 3-D animation and computer-generated special effects for feature films, commercials and television. Two further companies utilise the expertise accumulated by the Group's core businesses. Clipstream Limited is a new company, specialising in preparing content for delivery across new media channels such as DVD and the Internet. This is a major growth area and Clipstream's significance to the VTR group is expected to increase materially in the future. Finally, VTR Media Investments Limited is the vehicle in which a number of investments and joint ventures in which the group is involved are carried. Through VTR Media Investments, VTR owns a significant interest in music copyright administration group, Music Copyright Solutions plc and small stakes in other media related companies. The VTR group is at the forefront of technological advance in the field of post-production, its activities encompassing all aspects of the industry. VTR's extensive film and videotape storage facility is located below street level in central Soho and clients may access logged information on their own materials via the Internet. Each company within the group operates autonomously, supported by a strong Central Administration, Technical and IT Departments. VTR's future strategy is to continue to build, both in the UK and overseas, on its strong position in the Post-Production market while continuing to acquire and create programme rights. The group's organic growth will be supplemented at appropriate times by carefully planned acquisitions and joint ventures within its market sector. Contact VTR: John Banks IRG plc Capita IRG Plc Jane Wilson
Cameron Thomson Group Ltd. is a leading business development company specializing in providing corporate development and investment banking services to the media, IT and entertainment industries. Drawing from its broad base of experienced and highly motivated professionals, Cameron Thomson's expertise is in transforming business ideas into prosperous commercial opportunities. Cameron Thomson has a track record in building successful new media companies that maximize the value of their intellectual properties globally through traditional media, the Internet, and via evolving broadband and wireless distribution mediums. Cameron Thomson Group is based in Toronto, Canada, with offices in Milan, Italy, and in London, UK. As part of its core offering, the company is engaged in arranging financing for media, entertainment and IT companies. Cameron Thomson Group has established an enviable track record in financing start-up, early-stage companies, mature businesses and motion picture productions and other media projects. For more information on Cameron Thomson Group, visit www.cameronthomson.com or contact Michael Applebaum at 416.350.5009, or in the UK at (+44) 0207.659.1191, or email at michael@cameronthomson.com. -30- Media Contact: Cameron Thomson Group Ltd.
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