This stock has been in the doldrums for years positive news due!

yes i agree, it will be 10p by next week, it will rocket on tuesday news very close...........its completley oversold and ready for a major rebound.

on the rebound, its up nicely now will continue

How long have you guys been in this it looks quite tempting for a punt at these levels?

in last thursday only.....its going higher for sure, oversold and ready for a rebound......

Anybody else in these,still goin higher:0)

Im in these hoping this is going north from now on, it bounced a couple of times and hopefully has found the bottom.

Chart looks very positive for further rises from this level. Previously very oversold. Becareful of the MMs tricks as shown today. Mess the price to shake out enough sellers to fill the 100K order placed near close.

Nicely up today this is looking stronger

Certainly is and if you look at the charts it indicates that it is heading much further.

Immediate release: 18 July 2005

GALLEON HOLDINGS PLC

Galleon Announces Major Strategic Alliance with Imagination Holdings Ltd.

Galleon Holdings plc ('Galleon' or the 'Company'), the multi media company,
today announces that it has entered into a strategic alliance with Imagination
Holdings Ltd ('Imagination'), which is expected to bring extensive new media
content and market access to the Company. Imagination has successfully
developed content for both television, through its association with major
broadcasters, and also children's books. It is anticipated that Imagination and
Galleon will co-operate on the development and marketing of both the existing
portfolio of children's properties and on the development of new content
building on the successful platform which has been established by Imagination.

As outlined below, the strategic alliance consists of two aspects. Firstly, an
investment by Imagination of 402,326 of cash in the Company and, secondly, an
acquisition by the Company of HHH Limited ('HHH') from Imagination through the
issue of shares in Galleon.

Imagination, whose CEO is venture capitalist David Wong, has subscribed for 24%
of the enlarged issued share capital of ordinary shares (6,705,442 shares,
402,326 cash) at a price of 6p per share. Imagination is the holding company
for Imagineire (book publishing), Mystical Productions (television production)
and Lavish (interactive brand communications) and is the owner of a portfolio
of children's properties including the hugely successful girl's property
'Mysti' which has its own BBC TV show, a popular range of books and a monthly
magazine.

Pritesh Desai, a director of Imagination will join the Board of Galleon as a
non-executive Director. Mr Desai is a qualified chartered certified accountant
with wide experience in investment management and general corporate
administration.

Galleon has acquired HHH, a licensing and merchandising company. HHH has
exclusive worldwide licensing rights to the 'Hoo Ha House', a children's
animation property owned by Imagination. The initial book publishing programme
consists of 16 books over the next 18 months, the first of which will be at
retail in the UK during September 2005. A Hoo Ha House animated television
series is currently in its final development phase at Imagination and expected
to follow the launch of the books. The consideration is 1,396,967 new ordinary
shares at a price of 6p per share.

As a result of both transactions, Imagination will own 27% of the enlarged
share capital of the Company.

Commenting today James Driscoll MBE, Galleon's Chairman said 'This strategic
alliance with Imagination is a major development for Galleon. It provides
access to an extensive portfolio of new children's content and also provides
the Company with the additional finance to allow us to maximise the return to
shareholders.

We now have the expertise of building successful entertainment brands in key
categories and channels globally and the acquisition of HHH further
demonstrates our capability to be in control of the exploitation of our IPR.'

David Wong, CEO of Imagination said,' I am excited by this association with
Galleon. I believe that combining the content of Imagination and Galleon will
be a significant step forward in the development of a successful media business
with a broad portfolio of content in books, television, merchandising and
related areas.'

Subsequent to the closing of the Placing, the Company has applied for the new
ordinary shares, which will rank pari passu with existing ordinary shares, to
be admitted to trading on AIM, and expects that admission will occur on Friday
22 July 2005.

For further details please contact:
Jim Driscoll, Galleon Holdings plc - Tel: 01384 350 210
Ben Simons, Hansard Communications - Tel: 020 7245 1100

Looks promising for future growth strategy creating more revenue streams. It was also good to see the CEO for Imagination taking 24% of the issued capital shows good confidence..........The placing is quite small and should only have a mild downside effect in the short term, IMO