GON Galleon Hldgs

RNS Number:3334H
Galleon Holdings PLC
09 November 2007


                              Galleon Holdings plc
                          (the "Company" or "Galleon")

       Interactive TV Agreement with TV3 - Malaysia's largest broadcaster

Galleon Holdings plc, the AIM-listed intellectual property owner and developer
in the entertainment sector, is pleased to announce that its Hong Kong based
media solutions company, Phoenix Investment Global Limited ("Phoenix"), has
signed a deal with TV3, the largest TV station in Malaysia, with 21 million
viewers. Under the terms of the deal, Phoenix will receive a fee for the supply
of its multi-platform interactive system to TV3. It will also receive ongoing 
management fees and a revenue share on related activities, as a part of a 
multi-year service agreement to provide sms gateway, interactive advertising 
and sms campaign management.

Galleon recently acquired Phoenix, which specialises in the provision of
interactive broadcast television services in China and South East Asia, which
allow broadcasters to provide interactive entertainment that audiences can
access through TV, online and most importantly, mobile. Phoenix's customers
include leading broadcasters such as Hunan ETV, Hunan Satellite, Guangdong
Sports Channel (China) and Media Prima (Malaysia). Phoenix is managed by a team
of experienced media executives who are at the forefront of providing
entertainment through mobile and interactive media in Asia.

Commenting, Stephen Green, CEO of Galleon, said:

"Our strategy with Phoenix is to aggressively grow our Asian footprint and then
maximise the value of the pipeline this creates by providing interactive
entertainment content with strong revenue potential. With this in mind we are
clearly delighted to see immediate footprint growth with a market leader like
TV3 coming on board so soon after the acquisition of Phoenix. We are looking at
both Galleon developed IP and properties submitted by 3rd party content owners
to satisfy the demand for content that this is creating."

Enquiries:

Stephen Green, Chief Executive
Galleon Holdings plc
Tel. 020 8742 3636

John Bick/Adam Reynolds
Hansard Group
Tel. 020 7245 1100

Robert Kidson/Nicola Horton
Smith & Williamson Corporate Finance Limited
Nomad & Broker
Tel: 020 7131 4000


Notes to editors:

Galleon Holdings plc is an AIM-listed intellectual property owner and developer
in the entertainment sector. (AIM ticker: GON) www.galleonplc.com






                      This information is provided by RNS
            The company news service from the London Stock Exchange

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