RNS Number : 2141F
  Galleon Holdings PLC
  07 October 2008
   

    Date:                         7 October 2008
    On behalf of:             Galleon Holdings plc ("Galleon", "the Company" or "the Group")
    Embargoed until:      0700hrs 


    Galleon Holdings PLC
    * Trading update

    Galleon Holdings plc (AIM: GON), the AIM listed entertainment media company developing and producing multi-platform properties with a
focus on emerging markets, provides the following update on trading for the year ended 30 September 2008, prior to entering its close period
and ahead of the announcement of its preliminary results in January 2009.

    The Group has made good progress during the year and full year results are expected to be at least in line with market expectations.

    The acquisition of Phoenix, at the end of the last financial year, and Yunbo, in February this year, have enabled us to make significant
strides in rolling out our multi-platform entertainment properties in China and around South East Asia. Since the acquisition Yunbo has
grown to become the tenth largest mobile service provider in China.

    During the year we have formed operational relationships with several Chinese broadcasters covering different provinces across China. 
These agreements include co-production of Galleon's entertainment properties, Super Soccer Star and The Limit, syndication of the first
series of Super Soccer Star, broadcast of Galleon's "Play Along Gameshow" (PAGS) formats and interactive TV services, provided by Yunbo.

    Galleon continues to build on the success of the first series of Super Soccer Star, which broadcast on Guangdong TV Sports Channel in
China earlier this year.  In addition to the syndication of the first series to other regions in China, Galleon is in advanced discussions
regarding a second series of the show on a national platform across China. New series are planned for Malaysia and Indonesia, which are all
expected to be broadcast during 2009. The US rights have recently been licensed to Dragonfruit Studios, an original content studio focused
on multi-platform entertainment properties, which plans to launch the show in the US during 2009.  In conjunction with the global sports
sponsor of Super Soccer Star, Chelsea Football Club, Galleon is conducting negotiations in several other territories in South East Asia,
Europe, Russia and the Middle East, building a global entertainment brand.

    The Limit, an interactive, family-oriented shopping game show and Galleon's second show to air in China, is scheduled for broadcast in
the Chinese New Year on Hunan Satellite, a leading broadcaster with a reach of 400 million homes.  

    Apollo's Pad, an interactive entertainment property aimed at a young male audience, offers online and mobile users a unique,
broadcast-quality comedy entertainment show. Over 100 episodes, set in the fictional Apollo's Pad nightclub, have been produced to date. The
music catalogue, which forms an integral part of the offering, is supplied by Sony BMG and EMI. The US and certain global rights to Apollo's
Pad were recently licensed to Dragonfruit Studios, which will support a broader global roll-out and increased brand sponsorship. 

    Following the first distribution agreement in the US for the Skunk fu! toyline with Zizzle Toys in August this year, the toys are due to
go on sale in the UK and US in spring 2009 in retail outlets including Tesco and Target. The Skunk fu! series is currently broadcast in the
US on The Cartoon Network as many as three times per day during the week and on the weekends it is shown on the Kids WB Network and has been
running on BBC1, CBBC and S4C in the UK since July 2007.  The toyline has been created by Galleon's Croco Worldwide division and is another
demonstration of how Galleon is able to exploit its' entertainment properties across multiple platforms.

      Stephen Green, CEO of Galleon Holdings, said:
    "The Company is delighted to report that trading for the year to 30 September is at least in line with expectations.  We have a number
of hit shows under our belt and have demonstrated that we have a robust platform and infrastructure in China and South East Asia. We are
heading to MIPCOM, an international audiovisual content trade show next week with an attractive slate and are well-positioned to take
advantage of opportunities this will present.  We remain confident of the Group's outlook for the coming year."


    Enquiries:

 Galleon Holdings plc                                www.galleonplc.com
 Stephen Green, Chief Executive                      Tel: 020 8742 3636

 Kaupthing Singer & Friedlander Capital Markets
 Graham Swindells / Marc Young                       Tel: 020 3205 7500

 Redleaf Communications                          Galleon@redleafpr.com 
 Samantha Robbins / Sanna Sumner / Mike Ward         Tel: 020 7822 0200


    Notes to Editors:

    Galleon Holdings plc creates and distributes multi-platform branded entertainment properties focused on the emerging markets, in
particular China and South East Asia. The entertainment properties are designed to establish a direct, interactive relationship with the
viewer.

    Television in China reaches approximately 98% of the population of 1.3 billion. Mobile phone penetration is also high, with over 450
million subscribers and with over 300 million people online, China is now the largest online market in the world. Huge TV audiences and
growing interactive platform access presents a substantial opportunity for Galleon to benefit from the popularity and demand for interactive
entertainment and game shows. China is forecast to become the world's fifth largest advertising market.

    In October 2007 Galleon acquired Phoenix, a Hong Kong based media solutions company, which specialises in the provision of interactive
broadcast television services that enable broadcasters in China and South East Asia to provide interactive entertainment for audiences to
access through TV, online and mobile. 

    In February 2008 Galleon acquired Yunbo, a mobile service provider in China, strengthening the Company's ability to provide Chinese
broadcasters with a complete media solution for multiplatform entertainment. Galleon now has total control over the interactive content, its
delivery to the consumer, data capture and the billing process.

    Galleon develops entertainment formats for children, families and young adults. These include:

    *     Super Soccer Star - an interactive family orientated football talent show.  Produced in association with Chelsea Football Club
through its media arm Chelsea Digital Media. The first series, currently broadcasting in Guangdong province, China, has achieved top five
show status.
    *     The Limit - prime-time family variety game show. To be launched in Hunan province, China later this year. 
    *     Skunk Fu! - a comedy action animated TV show for kids aged 6-11.
    *     Apollo's Pad - an interactive online animated sitcom targeting 16-24 year olds.  


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