Acquisition
02 October 2003 - 10:30PM
UK Regulatory
Next Fifteen Communications Plc
Acquisition
Next Fifteen Communications Group plc, the global public relations business,
today announces that it has completed the acquisition of the business and
certain assets of Applied Communications Group's Analytics research division.
This acquisition follows the acquisition of Applied's public relations division,
announced on 8 September 2003. The acquired business is a small six-person
operation based in San Francisco, with negligible net assets that has been run
alongside the public relations business of Applied, and is best suited to being
part of a larger public relations group.
Under the agreement, Applied Communications Group will retain accounts
receivable, cash and certain intangible assets such as its brand name and
intellectual property rights.
Contacts:
David Dewhurst - Finance Director, Next Fifteen Communications Group plc.
Telephone 020 8996 4154
Tim Dyson - Chief Executive Officer, Next Fifteen Communications Group plc.
Telephone 001 415 350 2801
Chris Steele - Holborn Public Relations
Telephone 020 7929 5599