TIDMVMG 
 
RNS Number : 6061T 
Vision Media Group (Intl) PLC 
09 June 2009 
 

 
 
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| Press Release                      |                        9 June 2009 | 
+------------------------------------+------------------------------------+ 
 
 
Vision Media Group (International) plc 
 
 
("VMG" or "the Company") 
 
 
TrainFX Option Agreement and Loan 
 
 
Further to the announcement made on 7 May 2009, Vision Media Group 
(International) plc (AIM:VMG), the outdoor media contractor, announces that 
AIM-listed RAM Investment Group Plc ("RAM") has now completed the Option 
Agreement to acquire, with a long stop date of 31 August 2009, the remaining 
50.1% of TrainFX ("TrainTV") which RAM does not already own at a price of 
GBP1,240,000, consisting of cash of GBP785,000, RAM shares with a value of 
GBP425,000 and circa GBP30,000 of loan notes to be issued by RAM, with all cash 
elements being used to pay down part of VMG's existing debt facility with 
Trafalgar Capital Partners LLP.This option, which has yet to be called by RAM, 
is subject to the approval of VMG's shareholders. 
 
 
The completion of this transaction provides VMG with an overall enterprise value 
of circa GBP2.16 million for the TrainTV business.  For the year ended 31 
December 2007 Train TV made a loss of GBP0.56 million on turnover of GBP0.03 
million. As at 31 December 2007 it had net liabilities of GBP1.7 million.  For 
the year ended 31 December 2008 the draft results show that TrainFX made a loss 
of GBP0.5 million on turnover of GBP0.02 million and that as at December 2008 it 
had net liabilities of GBP2.2 million. 
 
 
In addition, VMG also announces that the Company has entered into a commercial 
loan facility with RAM for up to GBP200,000 payable in tranches to VMG at RAM's 
call. The loan is to facilitate the running of Train FX Limited. The first 
tranche of GBP76,500 has been drawn down. The loan carries an interest rate of 
libor plus 1.5% payable upon redemption. The redemption date for the loan is 31 
August 2009. 
 
 
Mike Cottman, Executive Chairman of VMG, said: "The completion of the details 
for the Option Agreement is another important step in the process for the full 
disposal of our TrainFX asset and we now fully expect RAM to exercise their 
Option to complete the transaction in the time frame as outlined.  RAM's 
continued support with this new commercial loan is an important contribution 
which allows the Company to continue to fund the TrainFX operation until the 
expected completion, effectively helping to remove this cost burden from our 
overhead." 
 
 
- Ends - 
 
 
For further information: 
+-----------------------------------------+------------------------------+ 
| Vision Media Group (International) plc  |                              | 
+-----------------------------------------+------------------------------+ 
| Mike Cottman, Executive Chairman        |    Tel: +44 (0) 203 206 0001 | 
+-----------------------------------------+------------------------------+ 
| mikec@visionmediagroupplc.com           |  www.visionmediagroupplc.com | 
+-----------------------------------------+------------------------------+ 
 
 
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| Seymour Pierce Limited                       |                         | 
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| John Depasquale, Corporate Finance           |    Tel: +44 (0) 20 7107 | 
|                                              |                    8000 | 
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| jdp@seymourpierce.com                        |   www.seymourpierce.com | 
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Media enquiries: 
+----------------------------------------------+-------------------------+ 
| Abchurch                                     |                         | 
+----------------------------------------------+-------------------------+ 
| Henry Harrison-Topham / Jack Ballantyne      |    Tel: +44 (0) 20 7398 | 
|                                              |                    7714 | 
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| jack.ballantyne@abchurch-group.com           |  www.abchurch-group.com | 
+----------------------------------------------+-------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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