Acquisition

RNS Number:5569I
InvestinMedia PLC
06 September 2006

6 September 2006

                               InvestinMedia plc
                            ("IVM" or "the Company")

                    Purchase of Fountain Television Limited


The Company today completed the purchase of Fountain Television Limited 
("Fountain"), owner and operator of the 13,000 sq. ft television studios in
Wembley, from Medal Entertainment & Media plc ("MEM") for a cash consideration
of # 1.5 million and repayment to MEM of # 5.3 million of inter-company loans.


This purchase represents a Substantial Transaction under Rule 12 of the AIM
Rules


The principal activity of Fountain is the ownership and operation of the
Fountain Television Studios in Wembley.  In the year ended 31 March 2006,
Fountain achieved a turnover of approximately #3.2 million and a loss on
ordinary activities before tax of #0.4 million.  At 31 March 2006, the net
assets of Fountain stood at #1,654,000.


The Directors know the business well and consider that in the near future
Fountain can be restored to profitability. Over the longer term the Directors
believe Fountain will prove a successful investment.


The funding for the Fountain acquisition was provided by secured bank borrowing
and was satisfied in full in cash at completion.


This acquisition is planned to be the first of a series of investments, which
while in some cases representing minority stakes, will in others involve 100%
acquisitions where this is considered by the board to be appropriate.


For further information, please contact:

Richard Murray, Chairman

Cameron Maxwell, Chief Executive

InvestinMedia plc

Tel: 0207 588 7352

E-mail: mail@InvestinMedia.com

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