Acquisition

RNS Number:1804Z
Virtue Broadcasting PLC
28 May 2004


Embargoed Release: 07:00hrs Friday 28th May 2004



                            Virtue Broadcasting Plc

                           ('Virtue' or the 'Group')


                    Virtue Australia Acquires AnnounceTV


Virtue Broadcasting Plc, a leading online corporate communications group, is
pleased to announce that its Australian subsidiary, Virtue Broadcasting Pty Ltd
('Virtue Australia'), has acquired the AnnounceTV business assets of Point Blank
Media Group Pty Ltd.

AnnounceTV was established in 2000 and supplies webcasting solutions to large
Australian based corporations including Qantas and Macquarie Goodman. Unaudited
management accounts for the 9 months to 31 March 2004 show annualised revenues
of AUD1,000,000 (#400,000). In consideration, Virtue Australia will pay cash
consideration of AUD300,000 (#120,000).

The acquisition of AnnounceTV is part of the ongoing strategy to build critical
mass through further consolidation in the Australian Corporate Communications
sector.


                                     -ENDS-


For further information please contact:

Virtue Broadcasting Plc
James Ormondroyd, Finance Director
Tel: +44 (0) 20 7785 6000


Andrew Tan, Hansard Communications
020 7245 1100


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

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