RNS Number:2224I
First Artist Corporation PLC
04 February 2005

4 February 2005



                          First Artist Corporation plc
                       ("First Artist" or the "Company")

                         Acquisition and trading update


First Artist is pleased to announce its successful completion of the acquisition
of the business, assets and goodwill of Team Sports Management Limited ("Team")
which has been run for many years by Mel Stein who we are delighted has joined
First Artist as a consultant.



Team is a football and sports player management agency representing over 40
players in football and other sports, including rugby. Team will be incorporated
into First Artist's player management division.



The acquisition increases First Artist's player roster and, through Team's South
American contacts, will open up new opportunities for the Group in that region.



Team will benefit from being part of a larger organisation with strong links to
major UK and European clubs and, with its rapidly expanding marketing division,
develop further income streams.



The initial cash consideration was #25,000 paid from the Company's existing
resources with a further #25,000 payable in 12 months.  In addition, deferred
consideration of up to a maximum of #50,000 is payable based on income
generation derived from the acquired roster.



First Artist has had a successful trading period in the first three months of
its current financial year and would also like to inform the market that it will
be announcing its results for the year ended 31 October 2004 on Monday 7
February 2005.





For further information, please contact:

First Artist Corporation PLC
Jon Smith, Chief Executive                      020 8900 1818
Richard Hughes, finance Director


Shore Capital
Alex Borrelli                                   020 7408 4090


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

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