GON Galleon Hldgs

RNS Number:1452M
Galleon Holdings PLC
21 January 2008

Embargoed Release: 07:00hrs Monday 21 January 2008



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


             Interactive TV Agreement with Metropolitan TV and CH 9



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 an agreement with Malaysian TV stations Metropolitan TV Sdn Bhd and CH-9
Media Sdn Bhd.

Under the terms of the deal, Phoenix will receive a fee for the supply of its
multi-platform interactive system to Metropolitan TV Sdn Bhd and CH-9 Media Sdn
Bhd.  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.  Metropolitan TV
is Malaysia's third-largest TV channel, targeting the urban and ethnic Chinese
audience.  Ch9 now ranks second in viewership ratings, and is focused on
delivering programming for the mass and ethnic Malay market.

On 23 October 2007, Galleon announced the acquisition of Phoenix, and as a
result of Phoenix successfully completing the agreements announced today a
deferred consideration is now payable to the vendors of Phoenix which will be
satisfied by the issue of 1,621,272 new Ordinary Shares which will represent
approximately 1.63 per cent. of the enlarged issued share capital in the
Company.  The new shares will be fully paid upon issue and will rank pari passu
in all respects with the existing Ordinary Shares.  It is anticipated that the
deferred consideration shares will be admitted to AIM on Thursday 24th January
2008.

Phoenix specialises in the provision of cross-media 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 mobile phones.   Phoenix's customers include leading broadcasters such as
Hunan ETV, Hunan Satellite, Guangdong Sports Channel (China), and Media Prima,
comprising Channel 9, Metropolitan TV and TV3 (Malaysia).

Commenting, Stephen Green, CEO of Galleon, said:

"Phoenix has made very good progress and we are continuing to develop the
business in line with our strategy to provide a strong multi-media entertainment
platform into the main emerging markets in the Far East."



                                     -Ends-

Enquiries:

Stephen Green, Chief Executive                          Tel. +44(0) 20 8987 0011
Galleon Holdings Plc

Graham Swindells / Marc Young                          Tel: +44 (0) 20 3205 7500
Kaupthing Singer & Friedlander Capital 
Markets Limited

John Bick / Adam Reynolds                              Tel. +44 (0) 20 7245 1100
Hansard Group


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
END

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