Croco Contract Wins in Italy and India
25 März 2009 - 8:00AM
UK Regulatory
TIDMGON
RNS Number : 4156P
Galleon Holdings PLC
25 March 2009
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| Date: | 25 March 2009 |
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| On behalf of: | Galleon Holdings plc ('Galleon' or 'the Company') |
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| Embargoed | 0700hrs |
| until: | |
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Galleon Holdings PLC
§ New clients in India & Italy
Galleon Holdings plc (AIM: GON), the AIM listed entertainment media company
developing and producing multi-platform properties with a focus on emerging
markets, is delighted to announce that its Product IP Division, Croco Worldwide
("Croco"), has recently secured new clients in two new territories, India and
Italy.
The first contract is with global consumables manufacturer PepsiCo and The ICC
to supply an innovative electronic product for the Indian market. The second is
with Italy's leading savoury snack supplier Unichips, which supplies a wide
variety of salted snacks under its San Carlo and Pia brands.
The products, which cannot be named for competitive reasons, have been tested
successfully in multiple markets. The PepsiCo order for India has an overall
value of $900,000 and Unichips has an anticipated value of EUR800,000 per annum.
Commenting on the latest orders, Stephen Green, CEO of Galleon Holdings, said:
"It is always good to break into new territories and work with new clients, such
as Unichips. Pepsico is an active partner and provides us with regular business.
We are particularly excited about breaking into a new market the size of India
where the premiums and promotions business is just starting to evolve."
Enquiries:
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| Galleon Holdings plc | www.galleonplc.com |
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| Stephen Green, Chief Executive | Tel: 020 8742 3636 |
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| | |
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| Cenkos Securities (Nominated Adviser & | |
| Broker) | |
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| Ken Fleming / Jon Fitzpatrick | Tel: 0131 220 9772 / 0131 220 |
| | 9773 |
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| | |
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| Redleaf Communications | Galleon@redleafpr.com |
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| Samantha Robbins / Sanna Sumner / Mike | Tel: 020 7566 6700 |
| Ward | |
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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, broadcast in Guangdong province, China,
achieved top five show status.
* The Limit - prime-time family variety game show. To be launched in Hunan
province, China in early 2009.
* 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
END
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