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Everything But The Music (EBTM)     

trigger45 - 04 May 2006 02:25

Is this the next ASOS?

This could be an opportunity to get in early as the company builds on it's web presence and sales. Very few people are aware of this one and it is only now that they are starting to get noticed in the national press after achieving record sales in the run up to Christmas.
The company sells music related fashion to customers who want to get "the look" of their favourite bands.
With internet retailing growing at the rate it is and the massive market for this type of product, in time this could be a real winner.

www.ebtm.com



RNS Number:3459C

EBTM PLC

03 May 2006


EBTM PLC

3 May 2006


EBTM Plc
TRADING UPDATE - APRIL SALES 60% HIGHER THAN DECEMBER 2005

The Board of EBTM Plc, the AIM quoted online retail operation, announces that trading in the period to end April 2006, its year end, was above expectation.

The Company has integrated rapidly into the former e-retail business and its management is currently expanding its warehouse and distribution facilities and systems.

It also reports that sales in April were some 60% ahead of those of the previous record month of December 2005, encouraging the Board to be confident of achieving its current expansion plans.

Chairman Mark Watson-Mitchell commented

"The sales figures for April were excellent, way ahead of our previous record month, which was that leading up to Christmas 2005. Since March the Company's management, under Richard Breeden and Grant Calton, has moved apace in getting to grips with creating its ability to cope with the significant sales increases that are a major part of the expansion strategy."

For further information:


EBTM PLC 020 8704 0034


Richard Breeden (Chief Executive) 07973 563 529


Notes to Editors

EBTM Plc (AIM: EBTM) is the result of the reverse acquisition of e-retail plc in February 2006. That company acquired EBTM Limited, which was formed in April 2005 as a new online specialist retailer of music merchandise and related clothing and fashion.

The online retail operation, EBTM.com, was launched in July 2005. It currently sells licensed products from over 175 bands (from The Rolling Stones to Razorlight, from Bob Marley to Motorhead). Products include clothing, jewellery, bags and shoes. EBTM also sells several a range of associated fashion brands, (which have an association with music), including Atticus, Vans, Eastpak and Amplified.

EBTM continues to broaden and expand its sales retail offering and, over the coming months, will continue to develop its branded fashion offering.


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



END


A bit more info found by foo ninja on the iii discussion board.



The man who's got the T-shirt

By Emma Vickers

3 March 2006

Retail Week

English

Copyright 2006. EMAP plc. All rights reserved.

Newly floated e-tailer EBTM is convinced band T-shirts and posters can be big business. Emma Vickers meets founder Richard Breeden

In his City-boy uniform, EBTM chief executive Richard Breeden looks more anything, rather than everything, but the music - the name of his recently floated internet fashion business.

His sharp suit, expensive watch and blue and white striped shirt are a far cry from the Led Zeppelin and Iron Maiden T-shirts that comprise the site's bread and butter. But, following the 1.5 million reverse takeover of EBTM by AIM-listed consultancy E-retail on February 3, the ex-dance music fanatic must play to an audience of investors to persuade them that music-inspired clothing has room for growth and, more importantly, that he is the one to lead it.

Breeden outlines the premise of EBTM a week after the deal. He looks tired and speaks quickly, giving the impression that he delivered the same spiel repeatedly in the weeks before and after the takeover.

He says: "We are an online-only retailer of music-related merchandise and product. The retail concept is that music is a key driver of lifestyle. The music that you listen to defines not only the clothes that you wear, but who you hang out with and where you hang out - a large part of what you do. We're trying to provide an access to that lifestyle to people that like certain types of music."

The web site sells T-shirts, accessories, jewellery, footwear and posters. It caters for fans of genres from metal, indie, rock, punk to urban. It has 40,000 registered users - 60 per cent of whom are men.

A heavy metal fan browsing the site would be able to pick up a T-shirt with the logo of Bullet for My Valentine and a co-ordinating monogrammed bullet-shaped pendant.

The appeal of the offer is arguably limited to moody teenagers listening to grungy music in their bedrooms. However, Breeden cites the broader and more affluent 16- to 29-year-old age range as his core customer base and EBTM's average basket size of 26 backs this up.

Breeden says one of the challenges he faces is widening the appeal of the site and he has plenty of ideas to do this. He intends to include more fashion to allow fans to get the look of their favourite singers. Although this is a sales device used heavily by online fashion retailer Asos, EBTM customers are more likely to want to ape the style of Babyshambles singer Pete Doherty than his ex-girlfriend Kate Moss.

The site will also stock the growing number of clothing collections designed by musicians themselves. In March, it will start selling the Adeline clothing collection designed by Green Day frontman Billie Joe Armstrong. Breeden points out that licensed product is becoming more important to artists because the revenue they once got from CDs has been hit by internet piracy. He says: "It's leading to better product development."

His goal for EBTM is to have a fashion-led homepage, with links to a broadened range of music genres, including pop. However, music fans are renowned for snobbery - would a Motorhead fan buy a T-shirt from a site that also, for instance, stocks a cosmetics range by J-Lo?

Breeden says: "It's something we're very aware of. It's not just J-Lo, it's the difference between metal and indie. But that's one of the beauties of the internet: because it's so flexible, you're able to create environments for each genre. It's not a concept you can deliver in a shop, because once you're in a shop that's the environment you're in."

Though he has limited retail experience, Breeden has more than proved his entrepreneurial credentials. At university, he channelled his passion for dance music into organising gigs and club nights. On graduating, he lived every music lovers' dream - after stints of work experience he was offered a job with EMI.

Within six weeks, he was running his own label. He says: "I spotted an opportunity - they had a (dance music) label called Tribal America and I persuaded the owner to let me set up the UK side. We became very successful. It's fortunate, but there was an opportunity and we built a fairly significant business pretty quickly."

After eight years at record labels and an MBA en route, he ended up working for merchandiser Blue Grape. He explains: "Merchandisers sign bands in the same way that a record company does. They'll go out and pay in advance to acquire rights, but instead of acquiring record rights they acquire what are effectively visual rights. The right to use the logo and all that kind of stuff."

It was while working here that the idea for EBTM was born. Breeden says: "I spent a long time looking for the right opportunity - when I say looking for, I mean sitting down and thinking it up."

He set up the business in January last year and was dealt the attention of EBTM's retail trump card in the form of executive director Quentin Griffiths, who founded and remains a stakeholder in Asos.

As well as expanding the breadth of product offer, EBTM is driving hits through print advertising in specialist titles such as NME and Kerrang. Recent coverage in Heat magazine helped drive sales of a studded Rolling Stones T-shirt and bring EBTM to the attention of a more mainstream customer base. Then, unlike Stones frontman Mick Jagger, Breeden will be satisfied.

trigger45 - 06 Jul 2006 05:09 - 2 of 80

No news to report as such, but through my research I have found an awful lot going on behind the scenes such as linking to other sites etc, etc.
Looking at the review sites where people rate how good or bad the site/service is, the response from most customers is it's excellent.
There are many days when no shares are traded at all which proves so few people are aware of this one.
Not a get rich quick share but IMHO this one will only go north in time.
Hopefully not before I can raise some funds to top up.
Good luck.

trigger45 - 16 Aug 2006 12:01 - 3 of 80

(RNS) 2006-08-16 07:03 GMT:
EBTM PLC - Trading Statement

Article layout: raw
RNS Number:7123H

EBTM PLC

16 August 2006

For Immediate release: 16 August 2006

EBTM.com, ONLINE RETAILER OF MUSIC INSPIRED FASHION AND MERCHANDISE TEAMS UP


WITH POPWORLD

This agreement provides EBTM with access to 75,000 unique users per month and an
email database of 100,000 active music fans.


EBTM Plc (Everything But The Music) the online specialist retailer of music merchandise and related clothing and fashion, today announces a partnership with Popworld, the music entertainment brand and C4 television show, to provide Popworld fans with the opportunity to purchase the latest fashion trends in music. The agreement will take effect from September 2006 when the launch of the new online fashion and merchandise store will go live on the recently re-launched Popworld website www.popworld.com.

EBTM launched their website, EBTM.com, last year and it currently sells licensed products from over 150 bands and 35 fashion brands which have an association with music including top brands such as Amplified, Lee, Vans and Converse.

Richard Breeden, CEO of EBTM Plc says; "Popworld and Popworld Promotes is at the cutting edge of pop music and provides EBTM with amazing access to a large and rapidly growing audience of well targeted customers for our retail offering."

CEO of Popworld, Martin Lowde, comments; "Fashion plays an important role on the music scene. We identified EBTM as the perfect partner as they represent top fashion brands and will provide Popworld fans with all the styles and trends that they see being worn by their favourite bands and artists."


ends-
Notes to Editors

About EBTM PLC (www.EBTM.com)

EBTM Plc (AIM: EBTM) is the result of the reverse acquisition of E-Retail Plc in March 2006. That company acquired EBTM Limited, which was formed in April 2005 as a new online retailer of music inspired fashion. The website EBTM.com was launched in July 2005. It currently sells licensed products from over 150 bands and 35 fashion brands which have an association with music including Adeline Clothing, Atticus, Amplified, Lee, Vans and Converse.

About Popworld (www.popworld.com)

Popworld offers an alternative to the derived Chart based music shows. Instead it presents a heady combination of the latest music, insightful comedy, and out and out gossip, every week, 48 weeks a year on C4, on mobile and podcasts. Popworld Ltd has a unique shareholding of C4, UBC Media Plc, Simon Fuller, and Freedom Media.

.

About Popworld Promotes (www.popworldpromotes.com)

Popworld Promotes is a wholly owned subsidiary of Popworld Ltd, the multimedia music entertainment specialist company. Popworld Promotes is encouraging people with serious musical ambitions to download their music to www.popworldpromotes.com. Since the launch on 28 March 2006, over 1,500 bands and artists have uploaded their tracks to the website www.popworldpromotes.com, over 15,000 mobile downloads have been registered and the site received over 40 million hits in the month of May 2006 alone.

For further information please contact:

Richard Breeden


EBTM PLC


T: 020 8704 0034


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



END

trigger45 - 03 Jan 2007 10:38 - 4 of 80

EBTM PLC
03 January 2007



EBTM Plc
Everything But The Music

TRADING UPDATE


EBTM Plc, the online music inspired fashion retailer, has today announced a
trading update for the Christmas 2006 trading period.

The company has exceeded its target of net sales in excess of 350,000 in the 6
weeks leading up to our final shipment day for Christmas (22/12/06). This
represents a 275% increase from the same period in 2005.

EBTM Plc will publish its interim results for the first six months of the
current financial year by the 10th of January, 2007.

Richard Breeden, Chief Executive, commented:

"I am delighted with EBTM's progress this year and the Christmas
trading period has exceeded our expectations."

"Music continues to be a key driver of fashion. In light of current trading, we
remain confident that we are poised for a sustained period of positive growth in
a fast-growing market."

-ends-


Date: 3rd January 2007

For further information contact:

EBTM plc cityPROFILE
Richard Breeden, Chief Executive Matthew Cole
Tel: 020-8704-0034 Tel: 020-7448-3244
web: www.EBTM.com





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

--------------------------------------------------------------------------------
Up nicely today after RNS.

EWRobson - 05 Jan 2007 17:33 - 5 of 80

trigger. I see you have been struggling on your own with this one - but your posts are good and I particularly appreciated the interview article by Emma Vickers. I had been told that there was a Board link with ASOS and this is through Quentin Griffiths. The Head Buyer is an ex-ASOS man. The business model is clearly very similar. Whilst the UK market is clearly not as large its good to see that the fundraising is mainly to finance expansion in Europe rather that just help to deliver their UK commitments. They also seemed to have learnt from ASOS the necessity of adequate warehousing capacity and systems. Its difficult to project figures from last year's finals as they are primarily the losses from the reverse takeover of e-retail plc. However the growth rate is very impressive and they may not be far from profitability; clearly they are generating cash as cash needs were not mentioned in the trading statement. No doubt we will learn more with the Interims on Wednesday next.

Anyway, I've taken the plunge with shares acquired from Hoodless Brennan acting as Principal with shares acquired in the placing.

Eric

EWRobson - 05 Jan 2007 20:23 - 6 of 80

Anyone interested in EBTM could profitably refer to my dialogue with stockdog on the ASOS (ASC) thread. Interested in views.

EWRobson - 06 Jan 2007 14:00 - 7 of 80

Trigger. Interested in determining the logic of the acquisition of e-retailing last March. Nothing in finals report and News does not go back that for. Perhaps for the infrastructure to shortcut the process of company development and/or customer/product base.

We must be near end of Page 1 - it would be helpful to have a header, perhaps asking question whether this is next ASOS and emphasising the links and business model adoption; perhaps also chart(s). Hope you don't mind me asking but only you can do, I think,

stockdog - 07 Jan 2007 09:47 - 8 of 80

Eric - "the logic of the acquisition of e-retailing last March"

This was a reverse takeover of e-retailing by EBTM so EBTM could take advantage of e-retailing's listing wasn't it? BTW note the broker!

e-retail plc
03 February 2006





FOR RELEASE 7.00AM 3 FEBRUARY 2006

E-retail plc

("E-retail")


Acquisition of EBTM Limited ("EBTM") in reverse takeover

Approval of Waiver of Rule 9 of the City Code on Takeovers and Mergers

Admission to trading on AIM

Nominated Adviser
Nabarro Wells & Co. Limited
Broker
Seymour Pierce Ellis Limited

trigger45 - 08 Jan 2007 01:39 - 9 of 80

It's very nice to see some interest in this one at last. I must point out though I am very much a novice when it comes to investing in shares.

I'm not a numbers man but invest in companies that I feel I can understand what they are doing and feel they have a good chance of succeeding.

Typically I had a link for eretail which I have since deleted from my fav's but if my memory serves me right, I think eretail started out to act as consultants to retail web sites and charge fees etc.

I believe they got involved with EBTM and felt it was such as winner that they decided to change track and buy it via a reverse takeover?

Hopefully I have given you the correct information, but go easy on me guys as I dont understand a lot of what's posted here as I'm still learning.

Just to make me look a bigger numpty, I doubt I would have the skills to do a proper header and charts and things, but hopefully if the company does well and there is more interest someone could start a new thread.

Hope this has been helpful.

Good luck.

EWRobson - 08 Jan 2007 12:15 - 10 of 80

sd My question was prompted by the acquisition price of 1.5m based on issue of shares. The trading losses in the last FY were also assigned to e-retailing. The listing may have been worth an odd 100K but what did they acquire for their money?

I expect that staff have increased from 8 (including directors), e.g. head buyer from ASOS, but staff bill was only some 210K (again including directors emoluments). Lets say this has doubled so overheads may be 600K. We could be looking at net sales of 1.25m: is this gross profit? If so, we could already be trading profitably and this could be incentive for realignment of share price. Certainly, the gross margin (gross profit/ turnover) is excellent at 60%.

Trigger. Not to worry - I now realise that your first post will remain at top of current page. You can edit it by clicking on the pencil icon. It could be helpful to add a short initial para asking the question: 'Is this the next ASOS? Certainly, there is a cross-directorship, the business model is that of ASOS, there is a clear market sector, which while not the size of their sector gives a clear opening to the European market. Worth backing the management. Ready for take-off?'

Eric

stockdog - 08 Jan 2007 13:45 - 11 of 80

Eric - in the reverse takeover e-retailing plc acquired EBTM Ltd, then changed its name to EBTM plc. So e-retailing acquired the invesntion and goodwill of EBTM.

The "reverse" of the transaction refers to the acquisition being bigger than the the acquirer.

Given that no cash changed hands and the board of e-retailing largely remain in place, it was more of a merger of interests between the individuals, accounted for as an acquisition, than a real acquisition. The new members of the team were granted 38.56% of the enlarged group - valiue to be realised by their own efforts.

Hvae not divined yet whether tjhe parent intends to acquire more operating businesses. My guess is that e-retail has moved away from consulting to being solely involved with EBTM - since the latter's CEO is now the CEO of the group. Always possible they could continue with their consultancy work on other e-tailers on a non-conflict basis - we'll have to see what the accounts say on this subject.

You seem to be lacking some RNS. digitallook.com gives a complete list from first float of e-retailing plc. Worth a read through. Also check your email.

Wonder who sold 150,000 at only 4.8p this morning. I see NMS is only 3,000. So someone must have wanted out - did they know something? Apart from waiting for the results in the neext couple of days, I am also minded to wait for the chart to break above its old peak of 7p back in Feb last year. Trying to be older and wiser (and learn new tricks at the same time!) as part of the new-groomed dog for 2007. If it makes it it will be a strong signal to buy and I may have lost 25% of the first rise, but it will be surer. If it does not break out, it may well drift lower and I can pick up cheaper later.

sd

EWRobson - 08 Jan 2007 14:31 - 12 of 80

Thanks, sd. I'll have a look at the older documents. I understood the reverse acquisition aspect but your post clarifies the basis of the deal. It appears that the transaction may have been primarily to bring the expertise on board, particularly as it appears that they have refocussed on EBTM. So the EBTM board must have reckoned it was worth giving up 38.56% of the equity to acquire the skills, presumably the technical skills required. The website and AIM flotation followed, sales then took a significant step ahead so the transaction looks justified.

Understand the CDS (cautious dog syndrome). The trouble with these smaller stocks (as we know from DGT) is the tendency to drift when away from the news. The next trading statement will presumably come in April. I suspect also that they will be actioning the European plans straight away - we may learn more on Wednesday. You get the feeling that management are in a hurry thus establishing market leadership before others respond. The success of ASOS implies that it is only a matter of time before the market starts to chart comparisons and thus look for a break-out: this week? prelims? European launch? finals?

Eric

legend290782 - 09 Jan 2007 20:34 - 13 of 80

Eric, happy new year to you. How are you my old bean??!!

Have held these for a few months. I tend to post on advfn, as this stock seems to be covered more over there. It would be good to see more posters on this stock on this board. There is a guy posting as greengiant that posts some very useful info re: est sales figures. he buys one item each week and looks at the invoice numbers, then multiplies the nos by the average sale price and then minus the returns. So far, he has not been a million miles from the actuals!! Well worth a look imho.

Currently long by 355k shares at the mo at an avg price of 4.78p.

Although the results will be key, the comments that go with the results will be crucial also IMHO.

Funnily enough have sold the last of my Broker Network (BNH) recently (2.40 last tranche). Did you buy any??!!

What else you looking at eric??

Have still got TND (still at a loss, but am hopeful ;-))

Regards, Legend.

EWRobson - 09 Jan 2007 23:49 - 14 of 80

legend Good to hear from you. Your enthusiasm for BNH was certainly justified. I am interested that you have come out whilst press comment is still very positive. I was in for a short time but the timescales looked too long.

Back in ASOS and enjoying a nice upward trip ahead of the interims next Monday. Having a serious look at MSR which I relate to from my own business background.

Good luck. Eric

maestro - 10 Jan 2007 00:06 - 15 of 80

http://www.brainspark.comI bought some at 4.95p....looked on alexa.com and the company is ranked at about 75000...not bad but needs to come down abit...if you consider easyart.com is ranked about 35000 which is owned partly by Brainspark with a paltry market cap of about 1m you can see why BSP is probably the most undervalued share on the stockmarket...it partly owns about another 6 top quality internet companies but don't tell everyone....shareprice 0.7p to buy

stockdog - 10 Jan 2007 10:32 - 16 of 80

eric - I think you mean MSR, unless you are suddenly into gold-mining!

stockdog - 10 Jan 2007 10:46 - 17 of 80

Today's results are as expected. Not at all bad and forwad looking statements relatively strong.

Back of envelope sums for H2 suggest 900-1,000,000 turnover at 45% margin less 550k opex and 42k dep/amort, plus 7.5k net interest for an H2 pre/post tax loss of 135-180,000 - a full year loss of 428-473,000.

For 2007/08, I would guess at least 50% increase in turnover to 2.13m. To break even I reckon we need 86% increase to 2.65m at 45% margin less 1.1m opex less 90k dep/amort. By no means impossible, but all very much subject to extent and speed of European roll-out. Income may increase faster, but costs may be considerably greater due to expansion costs and new warehouse/fulfillment costs mentioned in accounts.

So far seems to be tracking ASOS's early stages, but a long way to go. Market neutral to interims so far today, buys nearly double sells, but minor volume. Glad I had the patience to wait. Am keen to see a move towards break out above the 7p Feb peak to confirm we are moving into higher territory, even if I miss part of the next 33% rise. If it's gonna be an ASOS, there's plenty more to come in due course.

Any other views, please?

sd

EWRobson - 10 Jan 2007 18:15 - 18 of 80

sd Have corrected previous post: Mrs obviously on mind.

Not sure how you get 550k expenses given the comment that fixed overheads are currently under 50K per month. Marketing activity is significantly increased and warehouse and fulfilment capabilities are also increased with further increase in first half of 2007. Your figure of 50% increase in turnover is probably low and the 86% may be achievable from a relatively low base given jump in Christmas sales.

The fundraising has been ear-marked for European development, implying that cash of 368K at 31st october is adequate for operational purposes. I think this points to an expectation of positive cash flow in the second half (excluding European initiatives). I suspect this is quite important for the sp as it would point to positive pbt in year commencing May.

I would be surprised if John Marshall doesn't comment in next week's Shares, admitting a personal investment. Just his sort of share.

Eric

stockdog - 10 Jan 2007 18:50 - 19 of 80

Well how come they spent 502k on operating expenses in H2 if overheads are "fixed" at 50k per month? There will be continuing marketing and warehouse/fulfilment costs which I assume are treated as operating expenses in addition to overheads. I can't see them reducing if they are expanding logistics next year and getting into Europe.

The key parameter for me is when we expect them to reach profitability at an operating level. The 500k cash for Europe will probably mostly be written off to P/L rather than capitalised, so it's a pretty open question. To show a profit at April 2008 would be terrific, but we need more evidence to be sure. Until then I assume it will be H1 2009 before we see a profit reported. If so that makes them one to watch but not so much hurry for me to buy. I look forward to the full accounts to see if we can glean any more detail on future plans.

Do you know which broker/analyst covers these?

maestro - 10 Jan 2007 21:16 - 20 of 80

hoodies...

EWRobson - 11 Jan 2007 13:34 - 21 of 80

Agree Maestro. Bought through them although they operate, of course, a 'chinese-wall' policy.

Looking at your figures again, sd, I accept the 500K opex (operating expenses). The 50K was administrative expense so that marketing/logistics (development thereof) would account for the other 200K+. Reasonable, from their comment to see this continuing. I think the figure that I believe will prove to be understated is your projection of 50% growth. Given Christmas trade was 275% up on last year, and given that the comparison base is still small, 100% would appear not too high an expectation for UK market alone. Presumably they will be able to capitalise some of the European infrastructure development (they should do). The internet service should be operated from a single centre, perhaps with local nodes, but they will need some presence in the key markets. Lead time shouldn't be great and they should make an impact next year.

I would see EBTM staying in the market eye in terms of their market development, together with trading (Q3?), new products, sale of spare stock from Christmas. After all, a lot their more affluent clients will be City music lovers!

Eric

maestro - 11 Jan 2007 15:08 - 22 of 80

JUST HAVE A LOOK AT http://EASYART.COM

EWRobson - 11 Jan 2007 18:01 - 23 of 80

OK; looks nice. But no such trading company!

maestro - 11 Jan 2007 21:25 - 24 of 80

EWR...Brainspark owns 25%

EWRobson - 11 Jan 2007 23:17 - 25 of 80

OK Will have a deco.

SEADOG - 12 Jan 2007 09:12 - 26 of 80

Eric, cynic, et al.
Have been following this thread closely, and its comparison to ASOS, do you not think that EBTM operates in a much more niche market than ASOS and will not emulate the growth as ASOS appeals and targets a much wider audience ??? SD

stockdog - 12 Jan 2007 09:26 - 27 of 80

Seadog - I posted the very same thought on another thread a week or so ago. ASOS seems able to cross market and price per item boundaries with relative ease. EBTM will not be able to do that IMHO. However, it seems that EBTM will be expanding its geographical market from an earlier stage than ASOS. I think that may demonstrate that it needs Europe to become profitable, whereas ASOS have become profitable in UK alone first.

What's the general impression of on-line retail appetite from consumers in Europe (ex UK) - anyone know?

Am watching and waiting still.

SEADOG - 12 Jan 2007 09:32 - 28 of 80

sd,
I am certainly watching the chart which to me is "erratic" in its performance altho for the last couple of months it has been in a general upward trend I am inclined to follow your comment to wait. SD

maestro - 12 Jan 2007 11:10 - 29 of 80

EWR...check out brainsparks other invested companies

www.easyart.com

MetaPack's mission is to make traditional supply chains more responsive to individual customer needs. We provide zero defect fulfilment that attracts, converts and retains valued customers at the lowest cost to serve. We are helping retailers to: extend range availability in smaller stores reduce the cost and improve the service of online fulfilment implement web-based ordering throughout retail offer the widest range of delivery options revolutionise services in shopping centres MetaPack works for companies such as Boots, British Land, GUS (Reality), M&S, Sky and WHSmith.

www.metapack.com
TraderServe is an application service provider targeted at professional traders, offering them a flexible, highly sophisticated, yet easy-to-use, modelling system for financial and futures markets.
The service will support and facilitate real-time strategic trading at a level that has only been achieved, to date, by the largest hedge fund managers.

www.traderserve.com
Fortune Cookie creates award-winning online solutions. From consultation to actual implementation of the chosen route, turning difficult technical propositions into simple and dynamic realities. Fortune Cookie is a global brand with global coverage, and an integral partner of Brainspark and the partner companies.

www.fortune-cookie.com
Advanced Computer Systems (ACS) is a software house founded in 1979 by a group of experts with tried and tested experience in the sectors of design and production of ground stations for the acquisition of data from remote sensing satellites; analysis and processing of digital images; geographic information systems; virtual reality; management of large amounts of information. With this background, ACS has achieved and held a leading position on the international scene since the 80s, consolidating its status through taking part and winning some of the most prestigious international contracts in the sector of processing terrain-sensing images. In 1994, ACS broadened its offer to a division which deals in multimedia applications. It is currently preparing the complete digitalisation system of the radio archives and production for RAI (Italian State Broadcaster).

www.acsys.it
Geosim Systems has developed proprietary technology for automation of the production process of 3D models as a product derived from satellite and aerial images. This technology will be applied in standard products for the creation of very high resolution 3D models of towns and other locations, and will be accessible via broadband Internet.
Geosims technological partner is Argotek, owned by the FORMULA Group (NASDAQ-FORTY), one of the major Israeli software companies.
Geosim Systems was founded in Israel five years ago as a satellite company of Tiltan System Engineering Ltd (TSE) by a group of technical experts who had been members of the Israeli Air Force.

www.geosimcities.com

EWRobson - 12 Jan 2007 13:11 - 30 of 80

sd, SD Hope your both dogged by good luck! Fair comaprisons of ASOS and EBTM. The earlier discussion re financials indicates that EBTM could just about be breaking even now if they were not investing in expansion (in particular, fundriasing is for expansion not to strengthern cash position). However, their objective is clearly to emulate ASOS. ASOS still only have about 20% of their target UK market and there is thus no urgency to diverge into Europe. EBTM clearly has a narrower niche and therefore Europe becomes more important. Music is very much an international language so there should not be any particular barrier to success. I haven't any reason to believe that the leading EEC countries are less oriented to internet buying than the UK; indeed a more dispersed country such as France should have higher motivation.

Re your comment, SD, on the charts, ASOS were languishing around 5p early 2004 having been launched at 15p in 2002, but announced in January a move into profitability over Christmas. You can imagine this sort of announcement next January for EBTM. This would seem to imply that a significant move forward is a year away. However, it is inevitable that the comparison will be made between the two companies and, at the least, it would be advisable to watch for early signs of movement towards profitability. Trading statment at year end, 30th April, could be one such time but probably more likely the results around July. Current price could at least be supported by the occasional RNS, specifically regarding steps being taken in Europe with the cash having been raised for that purpose.

EWRobson - 13 Jan 2007 14:20 - 31 of 80

Been brousing through the documentation on the reverse takeover of e-retailing. I suspect it is best looked at as a merger of two companies in which Quentin Griffiths has significant stakes. EBTM had the potential whilst e-retailing had the AIM listing and significant cash to put into the new business (cash at 1/4/06 of 770K). All looks fair enough.

One very interesting factor that emerged is that incentive warrants were issued to Richard Breeden (CEO) and Grant Calton (Dir of Business Development) of 6 million new ordinary shares, exercisable at 4p. The condition is the attainment of PBT of not less than 516K for 12 month period ending on either 30th April 2007 or 2008. Clearly the former is not on. The logic is clear: start the next FY with real momentum and then hold back on non-essential investment during the year. The cash raising for European expansion looks a little strange so there may be some revision of the terms for the warrants (nothing visible to me). Directors emoluments are only 85K and highest paid director received 49K so the warrants are essentially in lieu of salary for the first two years. How do you read this, sd?

If my reading is correct, EBTM should be moving into profit by the interims next January. Therefore we should be rerunning the ASOS scenario then from Jan 2004 although on a smaller scale.

Eric (WOB-wise old bird)

stockdog - 13 Jan 2007 19:21 - 32 of 80

Let's hope it does not induce RB to capitalise marketing expenses! I would be delighted, but surprised to see PBT of 1/2mil by April 2008. I'd be happy to see us reach profitability for H2 2008, which may or may not result in actual breakeven/profit for full year 2008.

EWRobson - 13 Jan 2007 21:29 - 33 of 80

Definitely not on to capitalise marketing expenses. However, reasonable to capitalise business development in Europe, i.e. Grant Calton's task - relatively easy to define costs becuase they will be aprt of his budget. That way, early development in Europe could contribute to the pbt target without incurring disproportionate cost. All seems to fit together. Interestingly, the hoodless brennan paper misses this aspect completely (happy to send you a copy if you would like to see it).

stockdog - 13 Jan 2007 22:24 - 34 of 80

Yes, please - love to see Hoodies paper. TIA

maestro - 14 Jan 2007 01:19 - 35 of 80

wonder if they have one on Brainspark ;-) BSP

EWRobson - 14 Jan 2007 13:57 - 36 of 80

maestro: Don't seem to. You can access the site on www.hoodlessbrennan.com They don't restict access, even to maestros, but the EBTM paper has not been posted.

stockdog - 14 Jan 2007 18:17 - 37 of 80

Maestro, is BSP where you park your brains?

trigger45 - 31 Jan 2007 12:21 - 38 of 80

Many thanks to Radarlove......

I chatted on the phone to EBTMs CEO, Richard Breedon, this week. Below is the interview. Anyone who wishes to copy and paste it onto another financial BB is welcome.
_______________________________________________________________

The online retail industry is growing at a sizzling rate and is now the hottest ticket in town.

The Interactive Media in Retail Group (IMRG) has forecast that online sales in the UK will rise by 40% to 42 billion in 2007, up from 30 billion last year. And said that during last December a record 183m was spent online in Britain on December 4th and again on the 11th.

Never has it been a better time for budding entrepreneurs to go online and create the next big retail story, and Richard Breedon, CEO of EBTM (Everything But The Music), believes his company will become the largest and best known music fashion retailer in Europe.

While founded in 2005, as a result of a 1.5m reverse takeover of EBTM by E-Retail during February 2006, the fashion business now resides as a listed company on AIM and is attracting a growing number of investors. Its present share price is 5p.

So, whats it like to be a 35 year-old CEO of a floated company whose previous business experience includes being a label manager at EMI?

It is a very positive experience. It allows you to expand your business much more quickly.

Comparisons with ASOS, the second largest online UK fashion retail company, are natural, as the former co-founder of the company, Quentin Griffiths, was the man behind the reverse takeover.

People compare us to ASOS but I dont see them as a threat, explained Richard. The music fashion market is growing very fast, so there is plenty of room for a variety of businesses.

I monitor what other companies are selling, but I am not too concerned about how they will affect EBTMs growth. We already have a well defined business model and I have a clear picture of how I want the company to expand.

The website sells T-shirts, leather jackets, trousers, shorts, dresses, skirts, shoes, jewelry, gifts and general accessories, covering every avenue of music, from metal and rock to indie, punk, cult and urban.

It presently has over 60,000 registered users paying an average basket size of 28. Around 60% of customers are male.

We are spending 125,000 this year on improving the website to make it more cohesive and easier to use, continued Richard. There will be a separate men and womens section and each different music market will be better defined. We will also use this money to improve the warehouse logistics.

EBTM is expanding so quickly that already they are having to move from their existing 4,000 sq. ft warehouse to a 15,000 sq. ft one. Richard commented, We hope the new building will be large enough to cover the next two years of expansion.

Being an ambitious and driven young man, he is already plotting to dominate Europe.

Up to 80% of our items would sell well in European countries. We are looking at 3 territories, initially, which we feel have interesting opportunities. Each European country is at a different stage/evolution of internet use. Therefore, we need to choose markets that are more mature - where buying online is widely accepted.

He continued, We aim to have a local business presence in that country including a marketing and promotions arm along with a customer service for returned products.

Adding, We aim to start the expansion this year. It will be done at a sensible and measured pace.

EBTM enjoyed a bumper Christmas with sales for the six weeks leading to Xmas up 275% on the previous year. Net sales were in excess of 350,000, beating the companys target.

One of its best selling merchandise was the clothing for the popular Indie group My Chemical Romance - in particular, a stylish-looking leather jacket. The first own-product range produced by EBTM.

They were a great success, smiled Richard. And we are now expanding the range with jackets and trousers for women along with other accessories.

This year, EBTM plan to produce an increasing number of own-product ranges for a variety of Indie bands.

I come up with the majority of fashion ideas, although my staff of 12 help out by giving opinions and offering input.

While Richard is reluctant to offer an estimated turnover figure for 2006-07, the end of April final numbers should see a turnover of between 1.2m and 1.5m - close to 1,000% increase from the previous year.

The big burning question for any potential investor is when does the company expect to be profitable?

Again, Richard is reluctant to comment, citing the moneys required for expansion, but given the companys present dramatic growth rate, EBTM could be in profit by as early as 2008.

One impressive aspect of this small business is there Non-Executive Director. None other than David Howell, a former Director and Chief Financial Officer of Lastminute.com, who presided over the companys market capitalisation growth from 34m to 600m as well as its sale in 2005 to rival Sabre for 607m.

David brings us much business knowledge and insight, explained Richard. In particular, his M&A experience, as EBTM will be looking out for acquisitions from 2008 onwards.

For Richard, EBTM has a very rosy future and he forecasts continued rapid growth as the music market diversifies ever further into fashion and increasing numbers use the internet for purchases.

My ambition is to turn EBTM into the largest and best known music fashion business in Europe, said Richard.

Music plays an important role in youth culture and music fashion will continue to grow and become an ever more important element within both the mainstream and indie music markets.
_______________________________________________________________

Website: www.ebtm.com
email: mail@ebtm.com
Tel: 0208 704 0034
Address: Unit A1, The Riverside Business Centre, Haldane Place, London SW18 4UQ.
________________________________________________________________________________

EWRobson - 31 Jan 2007 13:29 - 39 of 80

Many thanks, Trigger, excellent post. Gives very clear idea of: (a) growth expectations for next two years of 100% p.a. based on warehouse area needed; (b) investment in improving web-site and logistics; (c) reticence about timing of break-even but suggestion that 2008 about right (note that options depend on profit in year ending April 2008); (d) clarification of European strategy (start this year, three markets identified, local marketing and promotion + returns; (e) movement to acquisition policy from 2008. Interested to hear stockdog's comments.

trigger45 - 21 Feb 2007 03:51 - 40 of 80

Up 0.25 yesterday, hope it doesn't move to quickly as I'm trying to get funds together to top up.



EBTM PLC
20 February 2007

EBTM Plc

20 February 2007



EBTM Forges Alliance With Metal Hammer



EBTM Plc (Everything But The Music) the online retailer of music inspired
fashion has partnered with the UK's leading monthly metal/rock music magazine
Metal Hammer. EBTM will create and run a co-branded webstore, selling metal and
rock inspired clothing, footwear and band merchandise.


The new store will provide a retail outlet at www.metalhammer.co.uk serving
Metal Hammer's dedicated readers and visitors and should increase sales in
EBTM's successful heavy metal inspired fashion range.


The store will be promoted extensively online and in Metal Hammer's editorial
content. The affiliate partnership agreement will take effect from April 2007.


-ends-


Date: 20th February 2007

For further information contact:

EBTM plc cityPROFILE
Richard Breeden, Chief Executive Matthew Cole
Tel: 020-8704-0034 Tel: 020-7448-3244
www.EBTM.com

trigger45 - 03 May 2007 07:27 - 41 of 80

3rd May

EBTM Plc Trading Update

EBTM Plc, the online music inspired fashion retailer, has today announced a trading update for the financial year ending 30th April 2007.

Sales continue to grow rapidly, surpassing #1.3 million for the year ending 30th April 2007. This represents a 299% increase year on year.

Progress in the second half of this financial year has been in line with management expectations, and will show a loss significantly below that of the first half year.

EBTM.com received over 241,000 unique visitors in April 2007 and is now moving steadily toward operational profit on a monthly basis.

Richard Breeden, Chief Executive, commented:

"Music is an increasingly key driver of fashion and the continued projected rapid growth of online sales, highlighted again by IMRG's latest research, means we are very well placed for the future."

EWRobson - 03 May 2007 12:44 - 42 of 80

This is a nice little company with a clear niche in which it should enjoy a leadership business. Wouldn't see ASOS as a threat because they have plenty of opportunity with their own business model - generic growth plus new geographical markets - no point in going for a relatively small vertical niche market like music. EBTM seem to be replicating their growth and making the right decisions. I suspect they will move into monthly cash flow generation shortly - I beleive there are significant incentives for management to do so this year just starting.

Eric

moneyplus - 03 May 2007 12:49 - 43 of 80

one for the old mods and rockers!! good long term prospects but a little early for me yet-though I've been watching it. Hi Eric how are you? I was supposed to be on jury duty this week but day one got sent home as not picked, day 2 waited around for a couple of hours and the case was cancelled as he or she pleaded guilty so sent home for the rest of this week---now enjoying the fantastic weather here on dartmoor.

maestro - 04 May 2007 03:28 - 44 of 80

bought a few at 4.25p a few days ago...looks like i was right to

trigger45 - 04 May 2007 07:21 - 45 of 80

Amazingly it's a year to the day since I started this thread and adding to my holding when I can. It's nice to be showing blue again and hopefully it wont drop back.
One thing I was dissappointed about was the new website design. Maybe it's me but I prefer the old one.
Hopefully it's my age and I'm not with the in thing nowadays lol.

EWRobson - 04 May 2007 12:36 - 46 of 80

Hi, moneyplus. Expect you're doing pretty well on the investment front. Lucky you didn't land a year long case - I'm surpsied how poorly the jury are treated. Incidentally, EBTM are one to tuck away. They won't achieve the levels od ASOS but should move ahead rapidly when they hit positive cashflow which should be in the next year.

Good luck, Eric

trigger45 - 24 May 2007 08:12 - 47 of 80

Anyone following this one will be aware of this RNS. Iv'e been on holiday and just catching up but feel it should be posted to help provide as much info as I can find.

09 May 2007

EBTM Plc


ANNOUNCEMENT OF KERRANG! MEDIA PARTNERSHIP AND LAUNCH OF
NEW WWW.EBTM.COM WEB PLATFORM
* Media Partnership agreed with Kerrang! the UK's biggest weekly rock


magazine
* New web platform launched, enabling new strategy and rapid growth


EBTM plc, the online retailer of music inspired fashion, today announces an important new partnership with Kerrang!, the world's biggest selling weekly rock magazine, operated by EMAP Publishing.

EBTM plc will create and run an exclusive co-branded webstore, selling music inspired clothing, footwear and band merchandise to Kerrang's dedicated music fans. The new store will provide a retail outlet at www.kerrang.com which currently attracts around 180,000 unique visits per month with a registered user database of 60,000.

This revenue share-based partnership should increase sales of EBTM plc's existing rock and metal inspired range. The store will be promoted extensively online, via Kerrang!'s weekly email newsletter and in Kerrang! magazine's editorial content.

The partnership agreement will take effect from June 2007.

EBTM plc has also launched its new website at www.EBTM.com as the first phase of the IT investment programme announced in its interim results. The IT project is ongoing, with the next stage of back-end systems improvements already underway.

The re-modelled site represents a major step forward for EBTM plc providing a significantly enhanced customer experience and new functionality key to implementing our strategy:


Each music genre now has its own look and feel, enhancing brand authenticity and facilitating highly targeted marketing in numerous genres of music inspired fashion

We now have the ability to provide co-branded stores to media partners and intend to develop further revenue share-based relationships with online and offline partners

We have split the navigation for the Men's and Women's shops on EBTM.com, providing a clearer customer focus

We now have the ability to quickly and cheaply provide country-specific versions of the site
In addition, we expect that the new site will increase visits-to-sales conversion by providing enhanced product imagery, sophisticated search, better merchandising and an easier transaction process.

trigger45 - 01 Jun 2007 07:26 - 48 of 80

EBTM PLC
01 June 2007

EBTM plc


Placing by Blue Oar Securities Plc of 110,526,315 new Ordinary Shares of 0.5p
each to raise 5.25 million ('the Placing')

Acquisition of the Lowlife group of companies ('the Acquisition')

Placing

The Board of EBTM plc ('EBTM' or 'the Company') is pleased to announce that it
has raised conditionally, through Blue Oar Securities Plc, 5.25 million, before
expenses, by way of a placing of 110,526,315 new ordinary shares of 0.5 pence
each in the capital of the Company ('Placing Shares') at 4.75 pence per new
Ordinary Share ('Placing') which is a discount of 17.4 per cent. to the closing
mid-market price on 31 May 2007.

The Placing will take place in two instalments. The first instalment will be in
respect of 62,800,000 of the Placing Shares ('the First Placing Shares').
Application will be made for the First Placing Shares to be admitted to trading
on AIM ('Admission') with Admission expected to take place on 6 June 2007 ('the
First Placing'). The Placing of the balance of 47,726,315 of the Placing Shares
('the Second Placing Shares') is conditional on the passing of resolutions at an
extraordinary general meeting of EBTM to be held on 25 June 2007 to increase the
authorised share capital of the Company and to grant the necessary authorities
to the directors pursuant to the Companies Act 1985 ('the Second Placing').
Application will be made for Admission of the Second Placing Shares which is
expected to take place on 26 June 2007 subject to the passing of the resolutions
put to the EGM.

Acquisition of Lowlife

Today, the Company also announces that EBTM has entered into a contract to
acquire the entire issued share capital of the Lowlife group of companies ('
Lowlife'), comprising Core Brands Group Limited and its subsidiaries and
Twentyfour Seven Trading Limited ('the Acquisition').

Lowlife is a wholesaler and on-line retailer of clothing and accessories in the
area of music inspired fashion. Its product range and marketplace are highly
complementary with that of EBTM and represent approximately 10% of EBTM's
current retail sales.

For the year ended 31 December 2006, Lowlife's profits before tax were 646,000.
At that date it had net assets of 846,000.

EBTM is paying consideration of 4.75 million to acquire Lowlife, to be settled
as follows:

1.5 million by way of an issue of 26,548,672 new ordinary
shares of 0.5p each in the Company to the vendor of Lowlife ('Consideration
Shares'); and

3.25 million in cash, to be financed out of the proceeds
of the First Placing and the Company's own resources.

It is anticipated that completion of the Acquisition will take place on 6 June
2007, following admission of the Consideration Shares and the First Placing
Shares to trading on AIM ('Admission').

Board

Following completion of the Acquisition, Dale Masters, the vendor and managing
director of Lowlife, will join the Board of EBTM. Dale founded Lowlife in 2001
and as Managing Director has developed, manufactured and marketed a number of
leading music orientated / youth culture brands, including Atticus and Lowlife
in the UK, Spain and internationally. Prior to this, he worked for French
Connection in the UK and the Far East. He has a degree in Marketing and
Accounting from Victoria University, Melbourne.

Dale has entered into a service agreement with the Company, terminable on 12
months' notice, under which he will be paid a salary of 100,000 per annum and
will be entitled to a bonus of up to 62.5 per cent. of salary and options to
subscribe new ordinary shares at an aggregate subscription cost of up to 62.5
per cent. of salary (depending on the performance of the company in the year to
30 April 2008).

Reasons for the Acquisition

The Board of EBTM believes that in view of the complementary nature of both
businesses there will be a number of opportunities of a trading and operational
nature where revenues and margins can be enhanced and costs saved.

Atticus

Lowlife's products are marketed under a variety of brand names, some of which
are the subject of third party ownership and for which it pays royalties for the
right to use the brand name. Atticus is one such brand and Lowlife has agreed to
acquire the intellectual property rights in the Atticus clothing brand from
Really Likeable People Inc ('RLP') ('the Atticus Agreement').

The consideration payable under the Atticus Agreement is US$ 4.2 million in cash
on completion which is to be no later than 9 July 2007. This acquisition will
not only save the royalties currently being paid by Lowlife to RLP but will also
provide a revenue stream from existing licensing arrangements with third party
distributors in North America and provide further opportunities to develop new
royalty revenues.

Accordingly, the Second Placing also includes sufficient new funds to permit the
Company to finance the completion of the Atticus Agreement, as well as an amount
to finance the working capital requirements of EBTM as enlarged by the
Acquisition. The Directors intend to raise up to 1 million of debt finance to
add further to the Company's financial resources.

Extraordinary General Meeting

Shareholders have previously approved sufficient authorities to permit the
Company to issue 89,500,000 new ordinary shares of 0.5p each, enabling the
Company to issue the Consideration Shares and to raise the cash element of the
consideration for the Acquisition from the proceeds of the First Placing to the
extent of 2,983,000, with the balance being paid from existing cash balances.

An increase in the authorised share capital and the authorities to allot and
issue shares are required in order for the Second Placing to proceed. The
Second Placing is therefore subject to the approval of shareholders. For this
purpose, an Extraordinary General Meeting of the Company ('EGM') will be held on
25 June 2007.

Appointment of Broker

EBTM is also pleased to announce the appointment of Blue Oar Securities Plc as
Broker to the Company with immediate effect.

Placing and Acquisition statistics

Placing
Placing price per Ordinary Share 4.75p
New Ordinary Shares to be issued to finance the cash consideration
for the Acquisition 62,800,000
New Ordinary Shares to be issued conditionally on shareholder
approval 47,726,315
____________

Total number of new Ordinary Shares to be issued pursuant to the
Placing 110,526,315
____________

Acquisition
Number of new Ordinary Shares to be issued to the vendor of
Lowlife 26,548,672
____________

Total number of new Ordinary Shares to be issued pursuant to the
Placing and Acquisition 137,074,987
============

Enlarged issued share capital 247,574,987
============

trigger45 - 01 Jun 2007 08:26 - 49 of 80

I'm not afraid to show my lack of experience here, and would welcome views from others that understand the numbers far better than I do.

First impression is I'm shocked really. This is a massive move for EBTM at this stage of it's development.

Looks exciting and appears they mean business, but that's a massive amount of shares introduced.

As I type the share price has only dropped 0.25 which I see as a positive sign.

Ultimate Cynic - 01 Jun 2007 20:02 - 50 of 80

50% dilution! Would have expected a greater fall in SP.
Early days yet I suppose.
Sometimes aquisitions are used by management as a smoke screen to cover up trading problems. I hold 50,000 shares, not a great amount, but still I hope it's not the latter as I'd hate to lose money again on yet another share.
UC.

trigger45 - 01 Jun 2007 22:59 - 51 of 80

I thought it would drop more as well. Price held today with no drop, but as you say it's early days.

maestro - 02 Jun 2007 20:47 - 52 of 80

10 bagger potential here..thats why it didn't drop

trigger45 - 04 Jun 2007 07:01 - 53 of 80

I hope your right. If it doesn't drop too much in the next few days I'm going to top up.

trigger45 - 07 Jun 2007 08:14 - 54 of 80

Eric. Hope you dont mind me asking but would welcome your views on the past events this weeks if you have time.

trigger45 - 09 Jun 2007 20:57 - 55 of 80

Still holding up well. Top stuff.

trigger45 - 14 Jun 2007 08:36 - 56 of 80

Just bringing this back up.

Connstant buying the last few days.

Exciting times I hope.

trigger45 - 16 Jul 2007 07:10 - 57 of 80

A nice positive write-up in Shares Magazine. I topped up the other day but didn't get it spot on as it dropped again but not concerned by that at all it's so difficult to get it spot on.

BUY 5.38p Stop loss 4.3p
Market value: 13.9m
PE 2007: n/a, PE 2008: 11.2
Rel str: 1m +1.2%, 12m +34.4%
Spread: 13.043%

While net-based retailers such as ASOS (ASC:AIM) have enjoyed very strong sales growth, online retailing is still in its infancy,creating a huge growth opportunity.

Analysts predict a rough 85% hike in online retailing by 2010, implying the market would then be worth around 78 billion
worldwide.

EBTM is well positioned to benefit. It specialises in musicinspired clothing and has been active in recent months creating
alliances with Kerrang!, the UKs biggest weekly rock magazine, and Metal Hammer, the leading monthly metal/rock mag.

However, its real key to future success is the acquisition of Lowlife, a wholesaler and online retailer of music-inspired clothing and accessories.

Just before this deal, EBTM had confirmed that it enjoyed sales of 1.3 million in 2006/7. The second half loss was significantly below the 291,000 loss suffered in the first half, indicating that the group is moving steadily toward
operational profitability.

Lowlife made profits of 646,000 in 2006. The group will now concentrate on three types of band-related clothing tee-shirts, replica clothing worn by bands, plus other music associated brands, such as Atticus.

Broker Seymour Pierce is optimistic about EBTMs prospects, forecasting sales of 8.4 million and profits of 1.68 million this year, rising to 12 million and roughly 3 million profit next. This implies EPS of 0.5p rising to 0.7p in 2008, a
40% hike. The broker has also slapped a 10p medium term price target on the stock, almost double the current price. (JM)


Also posted by nickel-tops on another board.

Definitely not for grungers, but thehits channel 18 freeview running in-house competition for rock gear prizes sponsored by EBTM, advertising every other video, so getting good coverage for the fans.

Goto http://www.thehits-tv.co.uk/competitions.asp

Weve got oodles of rock gear to give you here on the Hits all courtesy of Everything But The Music, the music inspired fashion website 2 winners will win the entire Skeleton Crew range designed by My Chemical Romances guitarist Frank Iero and the entire blacklist clothing range. Theres also all the official MCR merchandise and clothes from Billie Joe Armstrongs new Adeline range. Thats enough clothes to keep you rocking for years!

Luck to all n-t

Ultimate Cynic - 16 Jul 2007 16:55 - 58 of 80

Thank's trig, I'll check out ch18 tonight.
UC.

trigger45 - 17 Jul 2007 06:51 - 59 of 80

Thanks for popping in UC.
Good luck.

Ultimate Cynic - 17 Jul 2007 09:56 - 60 of 80

I have just a small speculative punt of 50,000 shares at the moment trig. Just waiting to see what happens. Didn't manage to catch the advert last night. Is it on at any particular time? Say early evening or later?
UC.

Ultimate Cynic - 17 Jul 2007 10:02 - 61 of 80

trigger45, are you into SDK (SameDay Books.co)? If not go and check the chart on MoneyAM - Jeeeees!!!! I could have bought a million at 0.5p and they are now 5p each in just 3 months!!!!!
UC.

trigger45 - 18 Jul 2007 07:22 - 62 of 80

Sadly no UC. I'm also fully invested for a while which is driving me crackers to be honest, but I will take a look as those figs are very impressive.

I'm just a little shy of the amount I want to hold in these and I then want to top on NEV.

To be honest I'm trying to hold myself back as I have much to learn and until I can prove this year isn't a one hit wonder I'm more comfortable with the majority of my money in a high interest account as only 13 years to retirement.

trigger45 - 15 Aug 2007 07:11 - 63 of 80

Excellent news today. As mentioned it's a long term hold, but things are being put in place for a strong future.

EBTM PLC
15 August 2007

Date: 15 August 2007

On behalf of: EBTM plc ('EBTM' or the 'Company')




EBTM plc


EBTM PLC ANNOUNCES 800,000 ORDER WITH LEADING UK RETAILER



EBTM, the online retailer and brand owner of music inspired fashion, is pleased
to announce that an 800,000 order for clothing has been placed by a leading
retailer within the United Kingdom.



The total consideration for the order is 800,000 and underpins EBTM's existing
forecast for the current financial year. The order is for an October delivery
and includes the distribution and sale of EBTM's recently acquired Atticus brand
clothing range.



Richard Breeden, Chief Executive of EBTM plc commented,



'This is a positive step for EBTM as we continue to build growth across all
areas of the business. EBTM continues to develop appropriate avenues for
sustainable growth and this agreement creates an excellent platform for future
development.



'As a company, our main objective is to drive profits and revenues for our
shareholders. We are rapidly becoming recognised as the leading retailer of
music inspired fashion in the UK and Europe. This order will consolidate our
performance for the current financial year and we look to the future with
confidence.'

trigger45 - 05 Sep 2007 07:21 - 64 of 80

And the news just keeps coming. A slight drop in the share price yesterday and to be fare it is proving to be one to hold for the long term.
I'm impressed so far with all the things they are putting in place to become a strong profitable company.


EBTM ENTERS AGREEMENT WITH GREEN
DAY'S ADELINE CLOTHING

EBTM plc (EBTM), the online retailer and brand owner of music inspired fashion,
is pleased to announce that it has entered into an agreement with USA based Rock
Steady Clothing to run an online store for the Adeline ('Adeline') clothing
label. The agreement will also include the distribution of Adeline product to
wholesale suppliers in the UK.

Adeline is a fashion label created by Billie Joe Armstrong, the lead singer of
multi million selling rock band Green Day. Its product range and marketplace are
complementary to EBTM's existing business and the brand has already sold
successfully on EBTM.com, having previously been imported direct from Rock
Steady in the USA.

The agreement gives EBTM the exclusive distribution rights to the brand in the
UK and Spain with immediate effect. EBTM will launch a single brand web store
for the company shortly. In addition it will distribute Adeline products via its
own wholesale distribution network that it acquired as part of the Lowlife
acquisition on 1 June 2007.

The Board of EBTM is confident that the complementary nature of both businesses
means that there will be a number of trading and operational opportunities where
revenues and margins can be enhanced and costs saved.

Richard Breeden, Chief Executive of EBTM plc commented,

'We are delighted to announce this agreement with Adeline as it offers a
significant opportunity to strengthen our existing wholesale and online retail
operations. The brand already has a loyal customer base and we are confident
that we will be able to continue to a provide high quality service.'

'We are excited to bring Adeline to the UK in a meaningful way for the first
time. The synergies between our existing businesses and Adeline are excellent
and it represents a clear example of music inspired fashion created by one of
the biggest bands on the planet.'

-ends-

Date: 05 September 2007
For further information contact:

EBTM plc cityPROFILE Nabarro Wells
Richard Breeden William Attwell Hugh Oram
Tel: 020-8704-0034 Tel: 020-7448-3244 020-7710-7400


About EBTM plc:
EBTM is an AIM-listed vertically integrated online retailer of music inspired
fashion, selling licensed merchandise and branded clothing, accessories and
footwear, enabling consumers to mirror the identity of their favourite bands.
EBTM also owns the successful and music inspired Atticus and Lowlife Clothing
brands and operates a global distribution business which distributes these
brands and others held under license.

trigger45 - 07 Sep 2007 08:28 - 65 of 80

If the rise today holds I will be up 1% on my investment. Nothing to shout about I know but have been constantly topping up on this one for quite a while now.

My investment was never about short term gains but looking to hold for the long term.

The market appears to like the recent news for this one and I hope it continues as it's by now my biggest holding ever.

The company is still very much in it's infancy but I believe the board are building sound foundations for a very successful company in the future.

trigger45 - 19 Sep 2007 07:34 - 66 of 80

The rise didn't hold so it's a case of waiting a little longer for profits which will come.
More news today regarding building for the future.



EBTM PLC
19 September 2007


EBTM plc

EBTM CONFIRMS AGREEMENT WITH FALL OUT BOY'S
CLANDESTINE CLOTHING RANGE

EBTM plc (EBTM), the online retailer and brand owner of music inspired fashion,
is pleased to announce that it has entered into an agreement with the clothing
range Clandestine Industries ('Clandestine') to run an online store. The
agreement also includes the exclusive wholesale distribution rights of
Clandestine product to wholesale accounts in the UK and Europe.

Clandestine is a fashion label created by Pete Wentz, the lyricist and bassist
of multi million selling US group Fall Out Boy. Its product range and
marketplace are complementary to EBTM's existing business and the brand already
has successful launched on the company's webstore, EBTM.com.

The agreement gives EBTM the exclusive wholesale distribution rights to the
brand in the UK and Europe with immediate effect. EBTM will launch a single
brand web store for the company shortly. In addition, it will distribute
Clandestine clothing via its own pan European wholesale distribution network.

Richard Breeden, Chief Executive of EBTM plc commented,

' We are delighted to announce this agreement with Clandestine. It again offers
a significant opportunity to strengthen our existing wholesale and online retail
operations.'

' Clandestine already has a strong international customer base and we are
confident that we will continue to distribute the brand's quality range of
clothing to existing and new fans. EBTM continues to supply desirable fashion
items to today's youth culture, inspired by a dynamic music industry.'

' We have again proved that we can source and execute deals quickly and
successfully. This agreement has strengthened our position as the industry's
market leader and the future of the company remains bright.'

trigger45 - 24 Sep 2007 07:24 - 67 of 80

Looking foward to the results which are due anytime now. It's only my opinion, but it can't stay at these levels for much longer.

Here's hoping anyway.



EBTM PLC
24 September 2007


EBTM plc

EBTM ANNOUNCES LOWLIFE AS OFFICIAL SPONSOR
TO NME FRESHERS TOUR

EBTM plc (EBTM), the online retailer and brand owner of music inspired fashion,
is pleased to announce that the recently acquired Lowlife brand has been named
as the official sponsor for the NME Freshers Tour 2007. The tour starts on
Tuesday 25th September at Edinburgh University and will visit eleven major
universities around the UK, finishing at London's Astoria on 9th October.

The Lowlife Corporation was acquired by EBTM in June 2007. Lowlife is a brand
owner and wholesaler of clothing and accessories in the area of music inspired
fashion. Its product range and marketplace are highly complementary with that of
EBTM.

This agreement asserts Lowlife and EBTM as two brands at the forefront of the
music scene. Lowlife will be able to promote its brand and the webstore to its
core market on the tour as well as drive sales in high street retail. NME has a
global presence and has become one of the most recognised brands in the
entertainment industry.

EBTM can also announce that the single brand webstores for Lowlife Clothing
(
www.lowlife.com
) and Atticus Clothing (
www.atticusclothing.com
) are now live
and trading via EBTM's online platform. The webstores support and monetise the
recently restructured Lowlife and Atticus and brand web sites.

Richard Breeden, Chief Executive of EBTM plc commented,

' We are delighted to announce this significant agreement with the NME Freshers
Tour 2007. EBTM now has a solid relationship with a globally recognised industry
leader. We continue to find innovative ways of extending our reach into the
music industry and this agreement provides us with an excellent in road to the
university culture that is such a key driver of our business.'

' EBTM has made strong progress in the last few months. The recently launched
single brand webstores for Lowlife and Atticus are now in full motion. In
addition we have recently announced new license agreements for two music
inspired clothing lines: Adeline and Clandestine Industries. The future of the
company remains bright and we can look to the future with confidence and
enthusiasm.'

trigger45 - 10 Oct 2007 09:22 - 68 of 80

EBTM PLC
10 October 2007



Stock Exchange Announcement



On behalf of: EBTM PLC ('EBTM' or the 'Company')
Embargoed for: 07:00 hours, 10 October 2007



Preliminary Results Announcement

Highlights



Turnover up to 1.354 million (2006- 0.158 million)



Operating loss of 0.684 million (2006- operating loss 0.426 million).



Loss before amortisation, depreciation, taxation and the FRS 20 charge for
share incentives of 0.451 million.



On 31 May 2007, EBTM acquired Core Brands Limited whose main trading
subsidiary is Lowlife Corporation Limited. On 9 July 2007, the
intellectual property rights related to the Atticus clothing brand were also
acquired.



Post period end, EBTM announced the signing of licenses for the Adeline
Street Clothing (Green Day) and Clandestine Industries (Pete Wentz).



Post period end, EBTM announced an order of some 800,000 for Atticus
clothing from a major high street retailer in the UK.



The comparative figures for 2006 are for the 62 week period ended 30 April 2006.



Enquiries:

EBTM plc
Richard Breeden, Chief Executive 020 8704 0034


Nominated Adviser
Nabarro Wells & Co. Limited
Hugh Oram
020 7710 7400


City Profile
William Attwell
020 7448 3244



Chairman's Statement

Overview


Music is a key inspiration for lifestyle in modern youth culture. EBTM is an
online only clothing retailer focusing on what we have termed 'music inspired
fashion'. Young people look to their music icons to help define their identity
and what they wear is an intrinsic part of this.



EBTM retails clothing, footwear and accessories in three categories. We sell
officially licensed music merchandise, branded fashion which has a direct
association with music (for example a clothing brand started by a band) and
finally branded or unbranded fashion enabling fans to get the look of either a
particular artist or a music scene.



The target market is 16 years old upwards, predominantly male but increasingly
female. The geographical focus to date has been the UK market. We have assessed
a number of opportunities in mainland Europe and plan to commence operations in
France in the near future. As a result of the post period end acquisition of
Lowlife described below, we now have a trading business in Spain.



EBTM started trading in July 2005 and was admitted to AIM in March 2006,
following a reverse acquisition by E-Retail plc. EBTM now offers one of the
largest selection of music inspired fashion and accessories on the internet.



Since the year end EBTM has made two key acquisitions creating a vertically
integrated retailer which owns and licenses key clothing brands under the banner
of music inspired fashion, as well as having a significant and fast growing
wholesale distribution network in the UK and Europe and a sophisticated sourcing
network in the Far East.



These acquisitions have given the business both scale and profitability, a
position from which we hope to continue the rapid growth demonstrated since
flotation.



The Market Context



EBTM inhabits a key area in the changing landscape of value creation in the
entertainment industry. The rapid increase in the penetration of music, but its
decline in value due to online file sharing, has led numerous parties to adopt
an increasingly holistic business model as rights owners. Music merchandise is
now seen as a key revenue stream for music artists and the companies which hold
their rights. This area is undergoing a period of rapid sales growth.



In addition artists are increasingly developing their own fashion labels (as
part of an unspoken brand extension strategy) something which usually takes
place outside the context of their merchandise rights agreements. This appears
to be an area of significant future opportunity and potential growth.



EBTM is well placed as online retail continues to grow rapidly despite the
difficulties seen on the high street. IMRG continue to predict very rapid growth
in the sector.



In addition, EBTM's target market is spending more and more of their time on the
internet. Music and the sense of identity and community which it engenders is a
key driver of this online activity and young people are engaging in an
increasingly sophisticated way with many different types of media. This global
connectivity means that the movements which surround music are ever larger in
their reach and quicker to develop.



Operating Review



2006 has been a good year in the continuing development of EBTM. In the six
weeks leading up to Christmas 2006 sales were 350,239, an increase of 275%
year-on-year. Sales for the year to 30 April 2007 were 1.354 million, a
significant increase over the 0.158 million achieved in the previous year. The
operating loss for the year was 0.684 million (2006- 0.426 million). Excluding
amortisation, depreciation, interest, taxation and the non- cash FRS 20 charge
for share incentives, the loss for the year was 0.451 million (2006- 0.240
million) which is broadly in line with market expectations for this metric. This
loss is due to the continued expenditure on marketing to establish the EBTM
brand and on further investment in people and infrastructure to enable continued
rapid growth.



During the year ended 30 April 2007, the Company adopted FRS 20. This relates to
accounting for share based payments. As a result of this the results for the
period ended 30 April 2006 have been restated. The effect of this was that an
additional post tax charge of 49,900 was added to the loss for the period.
This resulted in the loss on ordinary activities after taxation increasing from
322,383 to 372,283 and the net assets at 30 April 2006 increasing from
2,344,042 to 2,365,428.



The Company has a number of strategic plans to continue the excellent growth
seen so far. EBTM will deliver to customers the best online retail experience in
the marketplace. The Group will continue to develop revenues from a combination
of online marketing and real world advertising and PR at the same time as
developing partnerships with key online media players. The Board believes that
there remains significant potential for organic growth in the UK by continuing
to build the customer base and enhance the breadth and exclusivity of the
product range.



EBTM also began to develop bespoke clothing product for sale on the site in this
period. We have been particularly successful with a range of jackets inspired by
a band called My Chemical Romance and this is an area we intend to develop
further.



Post year end, the web hosting was changed from Venda to Storefront, maintained
by Maginus Software Solutions. This move was necessary to provide the co-branded
web stores which are part of the growth strategy and to enable a roll-out into
Southern Europe. The new platform also enables the creation of single brand
stores for partners, all run from the central EBTM database and inventory. This
change caused an anticipated slowdown in sales growth as we made the transition.
However, we are now starting to see the benefits of the new platform and are
confident that the new system will enable substantial growth in the product
range, the customer database and most importantly sales.



During the year EBTM has also entered into an agreement with Kerrang.com to run
a co-branded store for their website. Kerrang is a major publication read by
EBTM's target market in the UK.



Post year end we announced two very exciting acquisitions which are
transformational for EBTM in terms of scale and profitability.



Acquisition of Lowlife Corporation Limited



On 31 May 2007, the company entered into a contract to acquire the entire issued
share capital of Core Brands Limited, whose main trading subsidiary is Lowlife
Corporation Limited ('Lowlife'). Lowlife is a wholesaler and on-line retailer of
music inspired clothing and accessories. For the year ended 31 December 2006,
Lowlife reported sales of 3.5m, and profits before tax of 646,000. At that
date it had net assets of 846,000. Lowlife has been growing at a rate of
approximately 50% per annum in the three years prior to the acquisition.



In order to fund the acquisition the Company issued 110,526,315 new ordinary
shares of 0.5 pence each in the capital of the Company at 4.75 pence per share
('the Placing').



EBTM paid 4.75 million to acquire Lowlife, which was settled:



1.5 million by way of an issue of 26,785,714 new ordinary shares in the
Company to Dale Masters, who owned 100% of the share capital in Lowlife ; and



3.25 million in cash, financed by the Placing.



Lowlife's products are marketed under a variety of brand names, some of which
are the subject of third party ownership and for which it pays royalties for the
right to use the brand name. Lowlife is predominately an accessories brand.
Atticus which is the single largest brand distributed by Lowlife was operated
under license until the subsequent acquisition of the brand IPR, further
detailed below.



Acquisition of Atticus Clothing Brand



The remaining funds from the Placing were used to acquire the intellectual
property rights relating to the Atticus clothing brand for which EBTM paid US
$4.2 m. This transaction was completed on 9 July 2007.




Benefits of the acquisitions



These acquisitions provide scale and a profitable operation for the Group,
creating a platform for continued rapid growth. Both revenue and cost synergies
are available to the Group as well as the benefits of the rights ownership and
the control of distribution.



The acquisition of the intellectual property in Atticus ensures that EBTM
controls the design process in house, no longer has to pay royalties for sales
on the brand and will itself be able to attract royalty income from sales of the
brand by overseas licensees.



The in-house design and sourcing capability (80% of Lowlife's sourcing is from
China) enables the further acceleration of 'own brand' product which started in
2006.



In addition EBTM has created online stores for the Lowlife brand and the Atticus
brand on its own platform and will create single brand stores which cover Europe
for all the brands it distributes.



Since acquisition, the business has been trading well. This has been underpinned
by an order of some 800,000 from a major UK high street retailer. We continue
to exploit existing distribution channels and explore new ones both in the UK
and overseas.



The financial and operational management of the Group will be consolidated
creating cost synergies. At the time of writing the integration of the
businesses is going well and is nearly complete.



New Licenses



Post year end, we have also announced the acquisition of the wholesale
distribution rights for Adeline Clothing and Clandestine Industries and have
plans to create single brand online stores for them both. Both brands have
previously been good sellers for EBTM when imported from USA wholesalers.



The Team



We continue to develop an executive and non-executive team of the very highest
quality and with substantial plc board experience.



I joined the board in September 2006 and was appointed as Non-Executive Chairman
on 30th October 2006. Since December 2005 I have been Chairman of Western &
Oriental plc, an AIM quoted luxury travel company, having previously been the
Chief Financial Officer and a Main Board Director of lastminute.com plc until
March 2005. I helped grow lastminute.com from a market value of approximately
30m to over 600m over a 4 year period.



On 30 July 2007, Simon Hargreaves joined the board as a Non Executive Director.
Simon, aged 44, was a member of the board of Vanco plc for 13 years. He started
his career at Vanco as Group Finance Director and has also been the Chief
Executive of Vanco Solutions, which is the main trading business. Simon was also
a director of the Lowlife Group of companies until their acquisition by EBTM
earlier on 2007. On 26 September 2007, Simon decided to leave Vanco to pursue
his other business interests..



On completion of the acquisition of Lowlife Dale Masters joined the Board. Dale
founded Lowlife Corporation in 2001. He successfully developed, manufactured and
marketed a number of leading music orientated youth culture brands, including
Atticus and Lowlife in the UK, Spain and internationally. Dale previously worked
for The French Connection Group PLC based in London and the Far East for five
years before establishing a successful sourcing and manufacturing company
supplying well known UK youth and street-wear brands.




Outlook



The Board remain confident that the Group will continue to make good progress in
the year ending 30 April 2008 as we move to profitability and cash generation.
The board are encouraged by current trading and expect the outcome for the year
to be in line with market expectations.







David Howell
Chairman

trigger45 - 11 Oct 2007 08:34 - 69 of 80

I feel I'm talking to myself here but to be honest this one isn't the most exciting share to be in.
Still very much a case of building for the future with the long awaited expansion into Europe about to happen.
This next year is going to be very important to EBTM as regards delivering share holder value.
I'm still happy to hold and accumilate.
I'll get my coat....

trigger45 - 19 Nov 2007 07:51 - 70 of 80

More good news re building for the future.


EBTM PLC
19 November 2007



EBTM LAUNCHES US WEBSTORE FOR ATTICUS CLOTHING

EBTM plc (EBTM), the online retailer and brand owner of music inspired fashion,
is pleased to announce the launch of its US webstore for Atticus Clothing. EBTM
has entered into an agreement with Music Today (a part of the Live Nation group
of companies) to run the store in the USA. The site will provide a retail
outlet at www.atticusclothing.com.

The launch will take effect immediately and follows the Company's objective to
expand into new markets. The recently acquired Atticus brand is now well
established and EBTM is well placed to distribute product to North America,
where demand for the Atticus range is strong.

Richard Breeden, Chief Executive of EBTM commented:

' We are delighted to announce the launch of the US webstore for the Atticus
brand. We now have the platform from which we can increase our market position
as the leading provider of music inspired fashion not only in the UK but in
North America also.'

' To work with Live Nation is a significant step for EBTM. The launch of the US
webstore is in line with our strategy for future growth. This is an exciting
development for EBTM and we look forward to reporting our interim results after
the all important Christmas trading period. The future for the company remains
very promising.'

trigger45 - 01 May 2008 22:52 - 71 of 80

EBTM PLC
22 January 2008


EBTM.L


EBTM Plc ('EBTM')

Interim Results for the six months ended 31 October 2007

Key Points

Sales up 590% year-on-year, assisted by the acquisitions made in May and
July 2007, to 3.59 million (2006: 0.52 million).

The Group has posted its maiden operating profit. Profit before
amortisation, depreciation, taxation and the FRS 20 charge for share
incentives was 0.33 million (2006: loss of 0.26 million).

On 31 May 2007, EBTM acquired Core Brands Limited whose main trading
subsidiary was Lowlife Corporation Limited ('Lowlife'). Since the
acquisition Lowlife has continued to trade well with sales up 40%
year-on-year to the end of the period. However, the Board is adopting a
cautious outlook for the wholesale division in 2008, given current consumer
sentiment on the high street and we expect full year results to fall
materially short of current market expectations.

On 9 July 2007, the intellectual property rights related to the Atticus
clothing brand were acquired. A delay in the appointment of a licensee in
the USA has resulted in lower than expected royalty income. Licensees were
appointed in the USA and Canada post the period end.

On 15 August 2007, EBTM announced an order of some 800,000 for Atticus
clothing from a major high street retailer in the UK. The effect of this
transaction is recognised in the period ended 31 October 2007.

New agreements announced during the period with Kerrang Magazine,
Adeline Street Clothing (associated with the band Green Day) and Clandestine
Industries clothing (associated with Pete Wentz of the band Fall Out Boy).

In the four weeks leading up to the last shipment date for Christmas
2007, online sales were up 47% year-on -year. However, despite record levels
of traffic on our site, sales were below expectations as a result of
disappointing conversion rates associated with the transition to the new
e-commerce platform. However there is a plan to improve conversion rates
back to historic levels by 30 April 2008. This plan is currently on target.

The Board is pleased to announce the appointment of Simon Hargreaves,
formerly a non-executive Director as interim Finance Director whilst EBTM
seeks to make a permanent appointment to this role.


Commenting on the results, David Howell, Chairman said:

'It is pleasing to be able to report a maiden operating profit at this stage.
The acquisition made last year has helped to scale the business and create a
vertically integrated retailer with exciting growth prospects. While the delay
in the appointment of licensees in North America for the Atticus brand and the
technical difficulties we have experienced with our trading platform have
temporarily held the business back and despite our cautious view of consumer
sentiment on the high street, we remain confident that we operate in a growth
market and that we have established a strong platform which has exciting
expansion opportunities in the UK and for future periods internationally.'


Enquiries:

EBTM plc
Richard Breeden, Chief Executive 020 7819 1950
Simon Hargreaves, Finance Director 07768 637643

Nominated Adviser
Nabarro Wells & Co. Limited
Hugh Oram 020 7710 7400

Biddicks
Zoe Biddick 020 7448 1000



Operating Review

The half year to 31 October 2007 has been transformational in the development of
EBTM Plc.

The Group has posted its maiden operating profit of 0.16 million (compared to a
loss of 0.32 million in the equivalent period last year) and is set for
continued rapid expansion. Sales have grown to 3.59 million, assisted by the
acquisitions of the Lowlife businesses and the Atticus brand, compared with
0.52 million in the six months to 31 October 2006, an increase of 590%.

This is a position from which the directors believe we can sustain strong growth
in the future.

During the period, EBTM has made a key acquisition creating a fully vertically
integrated retailer which owns and licenses key clothing brands under the banner
of music inspired fashion, as well as having a significant and fast growing
wholesale distribution network in the UK and Europe and a sophisticated sourcing
network in the Far East.

I am pleased to announce that Simon Hargreaves has taken up the role of interim
Finance Director whilst we seek to make a full time appointment to the position.
Simon was previously a non-executive Director of EBTM plc and a Director of
Lowlife Corporation Limited prior to its acquisition by EBTM last year. His
background is as Group Finance Director of Vanco plc and Chief Executive of its
main trading division, Vanco Solutions..


Online Retail

Online sales have continued to grow. In June 2007 we moved our web platform to
Storefront, maintained by Maginus Software Solutions. This move was necessary to
provide the co-branded web stores which are part of our growth strategy.. The
new platform also allows the creation of single brand stores for our own brands,
all run from a central database and inventory.

However, because the new e-commerce platform required extensive fine-tuning, the
transition has resulted in a reduction in online conversion rates. As we address
and rectify these difficulties, conversion continues to improve but is not yet
fully restored to the level achieved prior to the transition. We are already
beginning to see the benefits of the new platform and are confident that the new
system will enable substantial growth in the product range, the customer
database and most importantly sales.

Online sales in the key four weeks leading to the last shipment date for
Christmas were up 47% year on year but, despite record levels of traffic during
this period, the lower conversion rates resulted in materially lower than
expected sales growth.

A plan is in place to restore conversion rates to historic levels by 30 April
2008. The company is currently on target to achieve this.


Acquisition of Lowlife Corporation Limited

On 31 May 2007, the Company entered into a contract to acquire the entire issued
share capital of Core Brands Limited, whose main trading subsidiary at the time
was Lowlife Corporation Limited ('Lowlife'). Lowlife is a wholesaler of music
inspired clothing and accessories. For the year ended 31 December 2006, Lowlife
reported sales of 3.5 million, and profits before tax of 646,000. At that date
it had net assets of 846,000.

In order to fund this acquisition the Company issued 110,526,315 new ordinary
shares of 0.5 pence each in the capital of the Company at 4.75 pence per share
('the Placing'). EBTM paid a total of 4.75 million prior to costs to acquire
the Lowlife business, which was settled as to 3.25 million in cash, financed by
the Placing and 1.5 million by way of an issue of 26,785,714 new ordinary
shares in the Company to Dale Masters, who owned 100% of the share capital in
Core Brands Limited.

Lowlife's products are marketed under a variety of brand names, some of which
are the subject of third party ownership and for which it pays royalties for the
right to use the brand name.

Lowlife has continued its expansion with sales growth of 40% year-on-year for
the six months to 31 October 2007. However, the Board is taking a cautious view
of the outlook for the remainder of this financial year and into the next given
current consumer sentiment on the high street. Specifically, a view has recently
been taken that several material wholesale opportunities that previously had
been viewed as having a reasonable chance of being closed in the period to 30
April 2008, will not now happen prior to this date.

The financial and operational management of the acquired businesses will be
further consolidated in 2008, creating additional cost synergies


Acquisition of Atticus clothing brand

The remaining funds from the placing were used to acquire the intellectual
property rights relating to the Atticus clothing brand for which EBTM paid
US$4.2 million prior to costs. This transaction was completed on 9 July 2007.
This is a brand which sits squarely with our proposition of music inspired
fashion.

The acquisition of the intellectual property in Atticus ensures that EBTM
controls the design process in house and we no longer have to pay royalties for
sales of the brand. The Atticus clothing brand continues to trade well through
the Lowlife distribution network in the UK and Europe and the savings in royalty
payments, anticipated at the point of acquisition in June 2007, have been
delivered in line with management expectations.

Sales of Atticus continue to grow and on 15 August 2007, EBTM announced an order
of some 800,000 for Atticus clothing from a major high street retailer in the
UK. The effect of this transaction is recognised in the period ended 31 October
2007.

Management believes that working with the right partners is crucial to build
long term value in the brand. The search for an appropriate North American
licensee and the agreement of appropriate terms with the licensee has taken
longer than expected. As a result royalty income from the USA will fall
significantly short of previous expectations in the current financial year and
is now not anticipated to reach a material level until the year ending 30 April
2009.

Since the period end we are pleased to have concluded licence agreements for the
Atticus brand with licencees in the USA and Canada. We will work closely with
our partners and expect to begin to develop revenues from these markets in
future periods.


Brands

Our in-house design and sourcing functions, capabilities acquired with the
acquisition of Lowlife, have started to enable the further acceleration of 'own
brand' products which began in 2006 and the roster of brands which we own or
distribute continues to grow.

Alongside the Atticus clothing brand there are a number of other music inspired
fashion brands which we either own or operate.

Our own brand, Lowlife, has established itself within the accessories market and
there are many opportunities to expand the reach of Lowlife products. We have
also begun to develop two new brands called Panic! and LIFE, which will
complement our existing product portfolio as we move into the next financial
year.

In addition, we entered into wholesale and online retail agreements with Adeline
Clothing (announced on 5 September 2007) and Clandestine Industries (announced
19 September 2007) and since the period end we have entered into a distribution
agreement with Rockett clothing (an established music inspired fashion brand
from California).

We intend to continue to build a strong pipeline of music inspired brands to
augment those already in our stable.


Outlook

The Group is now trading profitably. In the limited period since Christmas,
trading has been encouraging with sales of our own brands continuing to grow as
part of the overall sales mix, thereby enhancing gross margins.

While the directors are confident that the initiatives taken in the first half
year will add to future growth, we are cautious in outlook for 2008. The
temporary difficulties we have experienced with the transition to our new
e-commerce platform and the delay in the appointment of licensees for the
Atticus brand in North America, along with this cautious view for the wholesale
business as high street retail and consumer spending slows in 2008, lead us to
believe that full year results will fall materially short of our previous
expectations.


Richard Breeden

Chief Executive

21 January 2008

trigger45 - 01 May 2008 22:53 - 72 of 80

EBTM PLC
08 April 2008


EBTM.L

EBTM plc
('EBTM' or the 'Company')


APPOINTMENT OF GROUP FINANCE DIRECTOR


EBTM plc, the online retailer and wholesaler of music inspired fashion,
announces the appointment of Ian Richard Collins, aged 40, as Group Finance
Director with immediate effect. He is a qualified Chartered Accountant with 16
years' post qualification experience, largely gained at senior management
positions including within the music industry.

Prior to joining EBTM, Ian was Director of Financial Planning and Analysis at
Sanctuary Music Group ('Sanctuary') from June 2006 until December 2007. While at
Sanctuary, he was part of the team that turned the Recorded Music Department's
performance around in two years to a break even position from a 60 million loss
and introduced strong internal controls and processes to prepare the label for
its eventual sale to Universal Music in 2007.

His previous career included eight years at Virgin Records where he attained the
position of Head of Business Support. Following Virgin Records' merger with EMI,
he was appointed to the same role leading the consolidated EMI and Virgin team
where, reporting directly to the Chief Financial Officer at EMI Music UK, he was
responsible for reviewing the performance of all the UK's divisions as well as
leading their annual budgeting processes.

Ian has held other senior management positions, most notably as Commercial
Director for the Specialist Sector of First Choice Holidays from May 2005 to May
2006.

Ian has been granted 2,500,000 share options which will vest on the achievement
of certain profit targets for the years ending 30 April 2008, 30 April 2009 and
30 April 2010.

There is no further information required to be disclosed in respect of Mr
Collins pursuant to Paragraph (g) of Schedule 2 of the AIM Rules.

Simon Hargreaves, who has been filling the role of interim Finance Director,
will resume his previous position as a non-executive director. In recognition of
the contribution that Simon has made, he has been granted options over 1,000,000
ordinary shares at a price of 2.38p per share. 500,000 of these may be exercised
now and the balance in 18 months' time, conditional on continued employment.

Grant Calton, Commercial Director, has indicated his intention to reduce his day
to day involvement with the business and will relinquish his executive
responsibilities with immediate effect. Grant has agreed to continue his
involvement with the Company as a non-executive director.


Commenting on the changes, David Howell, Chairman, said:

'The business is in a phase of rapid development and I am delighted that Ian
will be joining us at this time. His wide ranging financial experience, both
inside the music industry and outside it, will be invaluable to us.'

trigger45 - 01 May 2008 22:55 - 73 of 80

EBTM PLC
30 April 2008


EBTM.L


EBTM plc

(the 'Company' or the 'Group')


Pre-Close Statement


EBTM plc is an AIM quoted, vertically integrated online retailer and wholesaler
of music inspired fashion. Prior to entering its close period for the year ended
30th April 2008, the Board of EBTM plc today issues the following trading
update.


The Board is pleased to announce that trading for the latter part of the
financial year has been in line with management's expectations at the time of
the announcement of interim results in January 2008. As a result we anticipate
that the Company will report a maiden full year profit before tax. Adjusted
EBITDA and cash generation are expected to be in line with current market
expectations. Revenue for the full year is also expected to be in line with
market expectations and substantially ahead of the previous year, assisted by
the acquisitions made in June 2007. Good progress has been made since our last
update in January 2008 and the Board believes that the business is well placed
for continued growth.


Site conversion issues identified at the time of the interim results have been
addressed successfully and levels are now back to historic rates, with room for
significant further improvement. We continue to work through a company-wide plan
to maximise the benefits to our business of the brands and capabilities acquired
in the acquisitions. In particular, we are making good progress in increasing
the proportion of own brand products within the online sales mix. This has the
effect of enhancing our margins.


The Board is continuing to seek royalties and new revenue streams from its
stable of own brands. Ownership of the Atticus and Lowlife brands secures the
largest source of revenue for the wholesale business, brings margin benefits
both from licensees and from sales made by our own online and wholesale
activities. Signs are encouraging from our licensee of the Atticus brand in
North America and EBTM plc has saved around 400,000 in royalties in this
financial year by virtue of the acquisition of the brand in July 2007. The Board
has also sought further direct international wholesale relationships for EBTM
brands with some success, particularly with Lowlife branded accessories in the
USA.


The wholesale market has performed in line with expectations at the time of the
interim results despite some challenging trading conditions on the UK high
street. As of today's date, the forward order book for delivery in Autumn 2008
is healthy with mainland Europe showing good growth.


Whilst the Board remains cautious about the outlook for the wholesale business
bearing in mind current conditions on the High Street in the UK, the outlook for
the Group remains positive, in particular for the key online retail business.


In addition, the Board announces that on 30 April 2008, David Howell,
Non-executive Chairman, was granted 500,000 options at 2.6p, exercisable on or
after 21 October 2010. They will expire after ten years from the date of the
grant.

trigger45 - 01 May 2008 23:01 - 74 of 80

The interim Results for the six months ended 31 October 2007 was not received very well imho, and the share price has suffered as a consequence.

With the appointment of a new FD and the latest trading statement it looks as if things are finally back on track. The share price responded well on the news today.

http://www.growthcompany.co.uk/news-and-comment/325326/ebtm-into-the-black.thtml


trigger45 - 02 May 2008 10:38 - 75 of 80

Rising strongly again this morning.

maestro - 03 May 2008 10:52 - 76 of 80

i'll give it to 6p and then take ya profits...i would have bought at 2p but didnt have the funds but got some at 3p

trigger45 - 03 May 2008 15:27 - 77 of 80

My average is higher so I'm hoping for much more than 6p which I think in time I will get. They are not another ASC but have plenty to go yet imho.

Good luck if you sell at 6p maestro. Can't argue with a 100% return. Well done.

trigger45 - 03 Jun 2008 07:36 - 78 of 80

http://investing.thisismoney.co.uk/companyresearch/112939/EBTM/company_research.html

trigger45 - 17 Jun 2008 08:35 - 79 of 80

http://www.investegate.co.uk/Article.aspx?id=200806170700108583W

http://www.investegate.co.uk/Article.aspx?id=200806170700088597W


Very happy with todays news and intend to top up when funds allow.

maestro - 17 Jun 2008 10:24 - 80 of 80

YES..VERY GOOD...ANOTHER ASOS IN THE MAKING
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