Directorate Change
31 3월 2008 - 4:00PM
UK Regulatory
IMSG
International Marketing & Sales Group Limited
-- Board changes and re-organisation and streamlining of Russian
operations.
International Marketing & Sales Group Limited (AIM: IMSG), the emerging markets
focused sales and marketing company, announces that directors Alexander Popov
and Dmitry Bodrenko have resigned from the Board with effect from 1 April, 2008
to pursue other interests and that the Board now intends to reorganise and
streamline the Russian management structure and operations of the Group.
IMSG currently employs 1,712 individuals across the group and the reorganisation
and streamlining in Russia will reduce this number by approximately 80
individuals.
Further details of the reorganisation will be included in the Group's
preliminary results, to be announced on 24 April 2008.
Alexander Popov was Managing Director of IMS Trade Marketing LLC and Dmitry
Bodrenko was Managing Director of IMS Marketing; both companies are based in
Russia.
The Group's Russian operations, including these businesses, are trading in line
with the Board's expectations, however the Board considers that it is now
appropriate to streamline and reorganise the Russian management structure and
operations to maintain the Company's growth.
The Board would like to thank Alexander and Dmitry for their contributions and
look forward to the Group's continued success in emerging markets.
As stated above, the Group's preliminary results for 2007 will be announced on
24th April 2008 and the Board expects these to be in line with current market
expectations. In addition, current trading is in line with the Board's
expectations.
Enquiries
Lau Geckler
International Marketing & Sales Group Limited Tel: + 7 495 796 6141
Emily Bruning/Andrew Best
Shared Value Limited Tel: +44 (0)20 7321 5010
Mark Williams / Andrew Chubb
Canaccord Adams Limited Tel: +44 (0)20 7050 6500
Notes to Editors
-- IMSG was founded in 1996 by its Chairman and Chief Executive Officer,
Gregory Thain.
-- The Group was admitted to trading on AIM on 6 December 2005.
-- Since 2002, the EBITDA of the Group has grown at a rate in excess of
100% per annum. IMSG has been profitable since 2000.
-- The Group's clients include multinational and first tier local companies
operating in FMCG, telecommunications, retail trade, banking and
finance, automotive, consumer electronics and pharmaceutical industries.
-- IMSG currently has 30 offices in emerging markets: Moscow, Saint
Petersburg, Yekaterinburg, Kazan, Nizhniy Novgorod, Novosibirsk,
Rostov-on-Don, Samara, Krasnodar (Russia), Kiev (Ukraine), Almaty Astana
(Kazakhstan), Istanbul (Turkey), New Delhi, Mumbai, Bangalore, Chenai,
Kolcata, Hyderabad (India) and Budapest (Hungary), Athens (Greece),
Bucharest (Romania), Sofia (Bulgaria);
-- Further information about the Group is available on its website at:
http://www.imsg.co.uk
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