DGAP-News: Tangibal Group Plc.: Tangibal signs option to acquire Media Invest Limited

Tangibal Group Plc. / Miscellaneous

05.07.2010 13:45 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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The Board of Tangibal Group Plc ('Tangibal'), the Frankfurt quoted
interactive and experiential media company, announces that its wholly-owned
subsidiary, Tangibal Ventures Limited has signed an exclusive option to
acquire Media Invest Limited, the UK parent company of 42AMS GmbH who are
based in Karben, Germany.
42AMS is a technology company that manufactures an innovative on-ride video
capture system for use in Theme Parks.  Using a unique camera and data
transfer technology, the system produces high definition audio and video
content that can be purchased by guests wanting a souvenir DVD of their
roller coaster experience.  For further information please visit
www.ridercam.de
The agreed consideration upon exercise of the option is £280,000, of which
£250,000 will be satisfied by the issue of new shares in Tangibal at the
market price at the time of completion and £30,000 in cash.
Peter Evans, CEO of Tangibal says 'We see tremendous opportunity in the
theme park sector and see Media Invest as being a key part of our growth
strategy in this space.  Media Invest's technology is best in class and
Tangibal is already working with it on several exciting opportunities.'

About Tangibal Group:
 Formed in 2008, Tangibal Group Plc has established
itself as a vision leader and investor in interactive media and
experiential advertising. Our goal is to deliver solutions that entertain,
inform and motivate.

www.tangibal.com
 
About 42AMS GmbH
Based in Germany, 42AMS produces the Ridercam system, which is installed on
Roller Coaster rides to create a personalised video souvenir, which can be
purchased by the guest.
www.ridercam.de
Contact: Peter Evans - peter.evans@tangibal.com




** END OF NEWS RELEASE **

Tangibal Group plc is an independent, exchange listed company in the
marketing and advertising segment. This news release may contain certain
forward-looking statements, expectations, intentions, strategies and
beliefs regarding the future. All statements contained herein are based
upon information available to the management of Tangibal Group plc as of
the date hereof, and actual results may vary based upon future events, both
within and without the control of the management, including risks and
uncertainties that could cause actual results to differ materially.
Management does not take any responsibility to update the contents of this
News Release in case new aspects arise or new conditions change the facts
available.
Tangibal Group plc, 45 The High Street, Hampton Wick, Kingston upon Thames,
Surrey, KT1 4EH, Great Britain Company Number: 6722835,
info@tangibal.com

ISIN:GB00B5KMXN41; German Code: TFGA; WKN:A1CVY3
Listed on the Frankfurt stock exchange, Börse Stuttgart and the Vienna
stock exchange.


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