History

Documedia is a Reverse takeover of Tangent Communications.

The deal looks like history repeating itself. Michael Green and his brother David started in the print business before building Carlton Communications into a media powerhouse. Green believes the combined business will offer more output variants than any other. "I'm not aware of any company in the UK that has more diversified services," he stated -- The combined groups clients will include companies such as WPP, J Sainsbury and Citroen. It is forecast to generate underlying profits of 700,000 on sales of 8.5 million in 2005, and it expects to generate double-digit percentage growth from the expanding market for digital direct marketing.

Personalised messaging is the growth sector of the advertising industry at the moment it is mostly direct mail but it will be SMS, imaging, moving pictures on mobiles. This is a business with huge growth potential, Mr Green said.
Nick Green added: Technology allows us to tailor direct marketing in a very personal way. We dont just send people an ad about holidays, we can tell if they like family holidays in France during summer, and send them something extremely specific to that taste.
Industry Trends and Technology.

Could be back on-track!

Rec'd this from Growth Company Investor Bulletin today... looks promising....
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New angle should double Tangent profits

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London-based marketing services provider Tangent Communications has agreed to acquire Newcastle-based direct marketing business Ravensworth and says the deal doubles its profits.

Tangent, which reversed onto AIM in 2005, provides sophisticated data-based services that improve the marketing efforts of a diverse and impressive range of clients, including SAP, Greene King, Coca-Cola and Sainsbury's. This is a fast-growing market segment.

One third of the business is devoted to customised direct marketing, another third to local-level marketing (through Tangent's 'Toolkit' web system) and the final third to database building and management via the company's first acquisition last July of C360, now re-branded Tangent Labs. This was completed for 4.5m and added a sophisticated database tool and quality ex-Unilever management.

The purchase of Ravenswood for 5.85m has largely been funded by a 6.06m fundraising at 13p. It made 1.1m of profit from 6.9m sales in 2006, which effectively doubles group profits as Tangent was forecast by house broker Collins Stewart to make exactly the same amount in the year to February. Joint chief executive Nick Green said Ravensworth is 'highly complementary' and points out that its Newcastle headquarters has a large amount of excess capacity, allowing lots of room to expand operations away from high-cost London into the low-cost North East.

Tangent's own business is going great guns anyway. For example, a contract was recently extended with leading construction materials supplier Wolseley's UK arm to increase the supply of Tangent's Toolkit system to 550 more centres on top of the 200 that had already been agreed.

Even before the acquisition, Collins Stewart had a prospective p/e of less than 15 on the figures to February 2007, falling to 12 times for the following year. That was good value, given the quality of new contract signings not yet factored in and the potential for growth.

Results are due out in the summer and Green revealed that current trading is in line with expectations. As the acquisition effectively doubles profits, the shares look outrageously cheap. Buy.

Market cap: 14.81 million Ticker: TNG Share price: 13.25p

Good announcement from TNG this morning...
Should do wonders for the SP and give it the kick start it needs to go north ! (imho)



Date: 13 July 2007
On behalf of: Tangent Communications PLC ('Tangent' or the 'Company')
Embargoed until: 0700hrs



Tangent Communications plc

AGM Statement





Tangent Communications plc, the direct marketing business, announces that at the
Company's Annual General Meeting, to be held at 10am today, Piers Caldecote,
Chairman of Tangent, will make the following statement:



'I am delighted to report that there has been an excellent start to the new
financial year. Newly acquired Ravensworth has delivered an above budget
performance every month since acquisition. Sales have increased by 23% against
the same period last year (April - June) and currently Ravensworth has 2,994
live customers using its system to generate orders, which represents an increase
of 28% over the previous year.



'Tangent Marketing Services, via its online Toolkit platform, has delivered a
70% increase in ordered volume above the same period last year. Tangent Labs has
signed a Master Agreement with SAP, and is now creating applications which
integrate directly with SAP's own installations of SAP software.

'Each of our five key performance indicators (turnover, operating profit,
operating margin, operating cash and earnings per share) are running ahead of
our expectations and the Board is confident about performance for the remainder
of the year.

,