Company Profile

YooMedia plc is one of the fastest growing interactive entertainment companies in the UK.
Since 1997 we have been developing and launching leading B2C consumer brands in the gaming and community sectors. We also work in a B2B capacity with leading brand owners, agencies, content developers and broadcasters to design and develop their interactive content strategies.

Led by Executive Chairman Dr. Michael Sinclair and Group Managing Director Neil MacDonald, YooMedia has assembled a highly experienced management team that possesses a unique blend of skills and experience in the areas of Digital TV, Internet and mobile phone services and technology.

With main office locations in London, Exeter and Maidstone, YooMedia manages core assets including:

Over 30 office locations throughout the UK alone

State-of-the-art studio, production and post-production facilities at our Wapping location.

UK broadcast return path & bandwidth owner

Fully fledged UK Bookmaker License

Database with over 350K UK singles

SMS Engine access with international reach

Fully staffed 50 seat Customer Contact Centre in Maidstone, Kent

YooMedia Dating & Chat - Our dating subsidiary company manages the oldest and largest UK-owned dating brands including Dateline, Club Sirius and Avenues. YooMedia Dating has over 20 office locations throughout the UK and also manages YooChat, our world-leading interactive chat service found on UK digital cable on the Telewest platform (platform extensions planned for 2005).

YooMedia Gambling & Games - Combining the brands of Avago and Channel 425 (in partnership with William Hill) YooMedia is on the leading-edge of interactive fixed odds, casino and poker gambling services for digital TV, the web and 3G mobile phones. Our gaming business also manages YooPlay, the only interactive just for fun games channel found on all four Digital TV platforms in the United Kingdom.

YooMedia Enhanced Solutions (YES) - YES works with brand owners, agencies, content owners and broadcasters to clarify the options, define the strategies and deliver the interactive content that enhances consumer and audience experiences. YES customers include the BBC, Nestle, Celador, William Hill, Channel 4, ZipTV, The Cartoon Network and HR Owen.

mac

How goes it? These Scottish managers are the thing - Souness already sorting my United out. Switched some additional funds into YOO at 24.9p today. Shares pretty firm although volume not particularly high. I see part of the stake as short-term, against the interims, with part being kept for the medium term (meaning a few months), unless the price overshoots on the way up which I suspect it might do.

All the best, Eric

Funny thing Souness's Dad used to stay along the road from my brother in Edinburgh. No nonsense with him though very hard man. I guess everyone one is waiting for the interims. I will be in YOO for at least 18months though may take some profits along the way.

mac

I note you are taking what I would view as quite a long-term perspective on YOO. I have built up quite a strong stake, for me, in them prior to the interims. If these are as good as expected, the share could become quite volatile and I would then be looking to exploit this. My longer term funds are focussed on ASOS (ASC) and Alizyme (AZM) so it is really a separate decision as to whether I add Yoomedia to that list. Good to reflect on these things before the action, or inaction, sets in!

A suggestion, subject to the normal DYOR etc., to buy today to avoid disappointment (mac expects interims tomorrow; company has said Thursday at latest).

Eric

mac

Interims show loss of 3.8m on revenues of 4m. Doesn't seem to square with the Durlacher figures you had seen (I remember you were not too confident that you had got it right). Not surprising in light of acquisitions. No forecast for second half, though 'board is pleased with progress'. Initial response in market is negative. Would welcome your perspective.

Eric

With all the acquisitions mostly still to bear fruit the future looks very rosey indeed. Turnover in the second half of the year should increase dramatically once the gambling and other acquisitions are at full steam ahead. As I said yesterday Im holding for at least 18months. Price already starting to make a come back once all the quick buck merchants are out of the way.

mac

Your assessment is fair. Buying has already outweighed selling although price not fully recovered. Hopefully, there will be an analyst projection of full-time figures. Go-Play was the major acquisition in January from Sony Leisure and this will be reflected in figures. The really big plus was that each of the acquisitions valued the YOO shares at well above current value so that revenue flows have been bought without significant dilution. My holding is somewhat overweight - I tend to move around 10-15% of my investment fund - so I will be looking for timing to move this on. Odd that the scenario is so much more positive now than early this year when price was over 50p! Good time to invest on, say, a one year view - by then: movement into positive cashflow; probably into profits; further technology announcements; exposure of voting technology? Present cap. of 30m very low against potential.

Eric

Multimedia Television PLC
29 September 2004


MultiMedia Television plc ('the Company') announces its agreement with YooMedia
PLC for the sale of MMTV Limited, its subsidiary which specialises in providing
interactive television design and technology to Government.

MMTV Limited has a contract with the Department of Health to develop and run the
NHS Direct Digital TV service which will enable digital TV users to access
health information from the comfort of their own home at anytime.

YooMedia is buying MMTV Limited from its parent MultiMedia Television PLC. The
maximum consideration payable is 6 million. Initial consideration of 1.8
million is being satisfied by the issue of 6,382,979 shares in YooMedia plc and
300,000 in cash, with the cash element payable over the next two years. The
shares are subject to normal lock-in and orderly market requirements and it is
the Company's current intention to retain these shares, as a strategic
investment in a leading interactive television company.

The transaction includes a significant earn-out element, which provides for
further deferred payments to MultiMedia Television plc in a range between 2.2
million and 4.2 million to be satisfied in shares in Yoomedia plc or cash, at
YooMedia's option, depending on further revenues accruing to MMTV Limited in a
range from 5 million to 11.5 million over the next two years of the contract
with the Department of Health. MMTV Limited reported a loss before taxation of
498k for the year ended 30 April 2003. The Company has warranted that the net
current assets of MMTV Limited are at least 500k.

Angus Drever, Chief Executive of MultiMedia Television PLC said 'YooMedia's
expertise and strength in the government sector has been successfully developed
through its subsidiary, iPublic. The combination of MMTV Limited working with
iPublic is irresistible as its puts together the two most significant players in
public sector interactive television and we look forward to sharing in the
fruits of that combination.

We believe that YooMedia has the resources and expertise to become the leading
company in providing interactive television services to the Government. It makes
more economic sense to participate in the future success of YooMedia by MMTV
Limited working with iPublic, their Government focused subsidiary, rather than
continuing to compete with them and the other players in this increasingly
crowded field.

An added factor in our decision was that the MMTV contract with the Department
of Health required the launch of the service on Freeview and YooMedia was the
first commercial organisation to launch an interactive service on Freeview.

Following the completion of this transaction, which gives us a strategic
investment in the leading player in interactive television services in the UK,
the Board of MultiMedia Television PLC will review its other operations and
future plans.'

David Docherty, Chief Executive of YooMedia said 'The acquisition of MMTV
transforms our public sector division, iPublic, leaving us as the only player
with scale in the provision of public services via interactive TV. Health is a
key element of the Government's strategy to deliver public services via new
media and this transaction put iPublic centre stage in that arena.

The Company's remaining trading subsidiary is Job Channel Limited, which carries
job advertising on the Sky, NTL and Telewest interactive digital television
platforms. The Department of Work and Pensions has recently begun advertising
over 100,000 job vacancies on the Job Channel, as announced on 13 August 2004.

Enquiries:

Michael Deeny MultiMedia Television PLC 01722 422176

Nick Reeve Solomon Hare 0117 933 3344

John Finn J M Finn & Co 0207 628 9688


29 September 2004

http://www.digitv.org.uk/Hot_Topics/nhsdirectwillbeoninteractivetvchannelin2004costing15million.asp


15 million will be invested in developing and running the new interactive TV service, NHS Digital TV, which will provide health information through televisions when a new service goes live.

Providing patients with access to high quality information is crucial to developing a more responsive NHS which helps people to make informed choices about their treatment and care, and the development of the digital TV service forms a key part of the NHS Information Revolution, highlighted in the recent publication of the government command paper Building on the Best: Choice, Equity and Responsiveness in the NHS.

The contract for the project has been awarded to MMTV Limited, a company specialising in interactive television applications, which is chaired by Tony Baldry, Member of Parliament for Banbury, North Oxfordshire. MMTV Limited will be working with PA Consulting, who will provide project management and quality assurance expertise and Nomensa, who specialise in designing and testing interactive services to ensure that they are usable and accessible.


Initially, NHS Digital TV will provide information on:


NHS services (such as directories of GPs, dentists, pharmacies etc);

an encyclopaedia of illnesses and conditions, tests, treatments and operations;

self-care advice on treating common health problems;

advice on healthy living;

hot topics on current health issues.

This information will be supported by useful images and video clips. The digital TV service will continue to develop and expand over time, and subject to successful piloting, will offer other services such as ordering repeat prescriptions.

In 2001-2, the Department of Health conducted a series of pilot projects to assess the potential of digital TV for delivering health information. Independent evaluation of the pilots showed that digital TV could make health information available to a wide audience, and specifically to some sectors of the population who are hard to reach through other communications channels. For background read: http://www.soi.city.ac.uk/organisation/is/research/dhrg/reports/ditv-final-full.pdf.

Minister of State for Health Rosie Winterton said:

"During the summer of 2004, NHS Direct Digital TV will be launched in stages across the digital TV networks and we aim to make it available to as many digital TV viewers as possible by the end of next year.

"This new, innovative service will provide patients and the public with high quality health information from a trusted and reliable source. There will be advice to help users treat common health problems at home. Information on conditions and treatments will allow them to make informed choices about their health care.

"The NHS Direct telephone service and website have already proved very popular with users. NHS Direct Digital TV will provide people with further choice in the way they can access health information from the NHS."

mac

Well done, again, mac and YOO! It would have been easy to miss the announcement, believing the N to refer to the interim results. The results were broadly neutral. The announcement does, I believe, at least rank with the acquisition of GoPlay from Sony Leisure and could well be more significant, both in terms of PR and financial performance. The shares issued only add 4% to the YOO share capital. More will probably be required against the earnings commitment but these will be against revenue and probably at a much higher YOO price. Cash was 6m plus at 30th June - this is barely diluted and would appear to be ample for working capital on current trading. Here was me, somewhat copncerned at the price reaction to the interims at 8.15 this morning - oh, ye of little faith! Price back to today's starting point and could move forward significantly against press comment. Others: BUY now!

Eric

someone sold 100k at 20p this morning must be gutted, there is no way I am selling. As Eric says best to buy now.

Certainly wasn't me although I really need to release some funds in the next week or two, hopefully at higher levels. Surprising trades: 11 buys in the two hours following the acquisition announcement with price recovering to overnight level; then nothing but sells for the rest of the day - as if the perpetrators hadn't seen the announcement. I would certainly expect a positive press tomorrow and corresponding reaction in the price. It won't catch Shares until next week but presumably IC has a later cut off. The price rise a year ago was very dramatic on positive news with strong buy recommendations in the Times, amongst others - I would be surprised if that did not happen this time and we know that the YOO share price reacts dramatically to one-sided trading. May be the last opportunity to buy at this level.

Eric

From UK-Analyst.com

Interactive game group YooMedia saw a fall in its share price after the group announced widening losses and an acquisition. The results, however, were upbeat, with a ten-fold increase in revenues to 4 million pounds and the slip in its share price was on profit taking. The company also said it will buy MMTV, which provides NHS Direct information via interactive TV, from MultiMedia Television for 6.4 million shares and 300,000 in cash. The cash element is payable over 2 years. Shares in YooMedia fell 1p to 23.5p, with MultiMedia Television shares rising 0.75p to 8.75p.

One element of this purchase that is perhaps worth underlining is that MMTV were competition for YOO in the public domain. I remember when I first read that MMTV had won this contract, I was a little worried that iPublic was going to be left by the wayside in the expansion of DTV in the public sector. But what have they done? Swallowed up a minnow that obviously can't cope. That YOO have the capacity to do this seems to me yet another indicator that we're invested in a company that's here for the long term and will go from strength to strength.

Others can do what they like, but my shares are staying out of circulation for a long time to come, and if I had the funds, I'd be buying more.

As some of you are aware, EVO have today upgraded, with a short term target price of 35p.
It's extremely upbeat, with all divisons in profit next year. The dating business in high margin, with YOO owning 35% of the marketshare, this to grow with new services, launched shortly.
Talks of YooChat launch on Sky and NTL.

Now that's a 100% increase on thier previous target price, as when the share was 17p, they released a research note, stating the share is fairly valued, going on all the information in the public domain. They stressed they can only work on publicly available information.

So a 100% increase on one aquisition, what happens when the big public sector and mobile wireless contracts start flooding in.

mac

Anything more in the EVO research note? From looking at the interim financials it seemed reasonable to anticipate revenue this year of 10m with break-even in the second half. The rate of growth would then suggest 15M next year with perhaps 10% profit (just ball-park guesstimate) but this should be moved up, with the MMTV acquisition, to not less than 20M with perhaps 3M pbt. A 35p price would be remarkably cheap; a cap. of 60-100M would be much more reasonable implying a price of 45p to 75p, probably nearer the latter. These are just personal musings to help me to assess any analyst predictions. Last year's evidence suggests that the share will be further hyped up as articles start proliferating on the impact of digital and the share price could run ahead of itself. As with you, my problem is that funds can't be in several places at the same time. It will be helpful if readers can post as much detail as possible from different sources to help us to come to a concensus. There is clearly an exciting ride ahead.

Eric

Im afraid I got this info of another discussion board, no more info supplied. I have not actually seen the research note myself.

Hi Eric, I have got a copy of the EVO research note, will send it to you if you post your email address, I will send it as an attachment. Got a few other people interested as well might be buying but being Scottish very careful with there cash lol. Mac.

mactavish....wondering if you could forward the research note if you dont mind (email - hornby21@hotmail.com)

reports suggest its very bullish on yoo future, would be keen on having a read.....thanks in advance.

Hornster, dont know if you got it or not keep getting error message. Are you sure it is the right email address?

got it mactavish....thankyou very much .....interesting read!

traded yoo recently from 20 - 28p then took out another position at 24p on the recent rise...looking to top up and hold for the longer term as growth looks solid!

mac

Late getting going today! Yes, would appreciate the research note (robson@woodlandsrye.co.uk). Note under "Press comment" that Independent recommend as "gamble". Seems like one of those one-sided bets to me!

Eric