Acquisition-Replacement

RNS Number:9065V
Electric Word PLC
01 May 2007


1st May 2007
 
A correction has been made to today's acquisition announcement by Electric 
Word plc (RNS 8416V):

Electric Word is paying an initial consideration of #182k with a deferred 
consideration over two years capped at #75k (not #50k as previously stated)
 
                           

                                Electric Word plc
                                  Acquisition
                                         
 
Electric Word plc, the specialist information business, announced today the
acquisition of Smallwood Publishing Ltd for a maximum cash consideration of
#257,000.  Smallwood is a catalogue business supplying educational resources to
schools and professionals working with children and young people. Smallwood will
join Electric Word's Incentive Plus  subsidiary based in Milton Keynes, and is
expected to relocate from its existing base in Dover later this year.  Electric
Word will benefit from the exclusive UK distribution rights that Smallwood holds
to a number of established overseas resources, as well as its customer database
of professionals working in child and family therapy and health. Smallwood will
benefit from the marketing and  fulfilment capabilities of Incentive Plus and
the Electric Word group.  In the year to 30 April 2006 Smallwood Publishing Ltd
made a profit after tax and dividends of #13k on turnover of #310k, and with net
assets of #88k. Electric Word is paying an initial  consideration of #182k with
a deferred consideration over two years capped at #75k.  Electric Word's trading
this year continues to be in line with the Board's expectations.
 
Ends
 
 
Enquiries:
 
Julian Turner, Chief Executive
Electric Word plc
020 7954 3470
 
Tim Spratt / Darrel Connell
Financial Dynamics
020 7831 3113
                  



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

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