REG-One Media iP Group Plc: AGM Statement

One Media IPAnnouncement

27/03/2018 07:05

One Media iP Group Plc

("One Media", the "Group" or the "Company")

AGM Statement

One Media iP Group Plc (AIM: OMIP), a digital and technical media content
provider, which consolidates, exploits and monetises intellectual property
rights around music and video, announces that at today’s Annual General
Meeting, Michael Infante, Chairman for the Meeting, will make the following
statement:

Chairman’s statement:

“I am delighted to be standing in front of you all today presenting improved
results compared to last year. Revenues were up 14% from £2.0m (2016) to
£2.3m and the profit increased to £0.3m. Our EBITDA reflects this recovery
at over £0.5m and cash balances have improved to just under £0.4m and have
further increased post period end.

“A year ago I reiterated my confidence in streaming and that of the music
industry at large and this has proven to be key in our corporate financial
turnaround. As consumers continue to change their music buying habits, and
embrace the streaming services provided by the major streaming sites such as
Apple Music, Spotify and Amazon, devices like the Amazon Echo (Alexa) or
Google’s Home, provide a brand new experience in daily audio consumption and
are providing another rapid paradigm shift in subscription funded
listening.  These devices completely liberate our music libraries and really
integrate them into our surroundings making music once again an amplified
sound-sharing exchange, as opposed to a personal headphone experience.

“This technology-led evolution will ensure that the industry will reap the
benefits and enjoy sustained long-term growth. It also amplifies our mission
statement that ‘content is still king’ and that device ingenuity and
creativity requires a mixed offering of content (nostalgic and contemporary)
to provide to its exacting and varied consumers of all demographics.

“Operationally, we have seen major advances as we aligned ourselves with the
predicted growth path of the music and video industry over the next five
years. Our core business is still audio based but as we grow we can fully
expect to see an increase in revenues coming from a proactive sales initiative
from the Group’s video library into emerging territories such as Russia,
India and China. Our Men & Motors back catalogue and newly formatted show
initiative has found a partnership with industry specialists Global Genesis
Group, a TV & Film distributor based in North America, who are tasked with
finding the sponsorship and broadcasters for a new Men & Motors show format
developed in the UK.

“Our in-house built proprietary software, TCAT signed its first major record
industry distributor. The service is still in its early days and development
continues on this unique software music copyright discovery tool. The Group
has resourced its technical team with additional in-house software developers
to underpin the growth of the program.  Post year-end we were pleased to
announce that TCAT had signed an additional international major record label
and that the service has now commenced.

“Finally, I cannot fail to mention the proposed appointments of investors
Lord Michael Grade and Ivan Dunleavy to our board of directors. Both bring
with them a wealth of experience and City support.

“I said last year that 2018/9 was going to be a turnaround year for the
Group, I can say that as the repositioning of the Group continues, the real
corporate initiatives are only just beginning. As confidence returns into our
sector we anticipate further acquisitions in keeping with our original buy and
build strategy. Music, video and publishing opportunities, will all be on our
radar.”

For further information, please contact:

 One Media iP Group Plc  Michael Infante, Chairman and Chief Executive Alice Dyson-Jones, Communications   +44 (0)175 378 5501 +44 (0)175 378 5500 
                                                                                                                                                   
 Cairn Financial Advisers LLP (Nominated Adviser) Liam Murray, Jo Turner                                                       +44 (0)20 7213 0880 
                                                                                                                                                   
 Panmure Gordon (UK) Ltd (Broker) James Stearns                                                                                +44 (0)20 7886 2500 
                                                                                                                                                   
 Luther Pendragon Ltd (Financial PR) Harry Chathli, Claire Norbury                                                             +44 (0)20 7618 9100 

Notes to Editors

Based at Pinewood Studios, One Media is an 'intellectual property' (IP) owner
and/or controller of rights within the digital arena concerning music, video
and digital distribution. It is a B2B (business-to-business) operation, that
is consumer led which looks to exploit its catalogue of over 250,000 music
tracks and over 10,000 hours of video by recompiling its content for download,
streaming and sub licensing through over 600 digital music and video stores
worldwide.

The Group has a team of Creative Technicians, all of whom are YouTube
certified, who digitise the content, create the metadata, re-compile and
prepare the digital music & video releases using bespoke in-house developed
software. Additionally, One Media makes its library of content available for
TV shows, movies, adverts and websites requiring synchronised music. One Media
focuses on music performed by well-known artists from every genre, including
pop, rock, reggae, R&B, children's music, karaoke, jazz, soul, blues, rap,
hip-hop, gospel and world-music, plus stand-up comedy and spoken-word. In July
2014 the Group acquired, for a consideration of USD$1.6m, the Point Classics
classical music library bringing the number to over 10,000 classical tracks
now available to the Group for exploitation. The Group owns all the rights to
the Men & Motors (originally Granada/ITV) TV shows originally aired on British
TV between 1996 and 2010. Comprising over 3,500 shows, Men & Motors is
available for viewing on the Group’s YouTube Channel.

Recently the Group has developed a content discovery and policing software
service, 'Technical Copyright Analysis Tool' (TCAT), as a new service to
record companies, publishers and law firms searching information of artists
and tracks on legitimate digital stores. One Media has been previously
eligible for Enterprise Investment Schemes ("EIS") and Venture Capital Trusts
("VCT").



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