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Press Releases

Interim Results for the six months ended 30 September 2003

16/12/2003

Deal Group Media plc, formerly IBNet plc, a provider of performance based online marketing focusing on maximising the return on clients’ marketing spend, reports its results for the six months to 30 September 2003.

• Turnover of former company, IBNet plc £878,000 (2002: £933,000)
• Six month pre-tax loss £646,000 (2002: £668,000)

• Reverse takeover of The Deal Group Limited and change of name from IBNet plc to Deal Group Media plc
• £1.2 million (net of expenses) raised to fund expansion
• Action plan being implemented to deliver anticipated synergistic benefits
• Cross selling opportunities starting to filter through

Adrian Moss, CEO of Deal Group Media plc, said: “I am pleased to report that the reorganisation of Deal Group Media plc is going well, following the reverse takeover of The Deal Group Limited in October of this year. The enlarged group is set to benefit from the expected synergies and product cross over.

“Prior to the reverse takeover, as the CEO of The Deal Group Limited, and as reported in the prospectus dated 24 September 2003, we experienced strong growth in 2003 and had posted a profit for the last two years. I look forward to reporting our progress in 2004 when we will begin the year as a fully integrated business with all our services and products being marketed through the dealgroupmedia brand.”

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