LONDON, February 1 /PRNewswire-FirstCall/ -- United Business Media (LSE:
UBM, NASDAQ: UNEWY) announced today that it has acquired the Tissue World
events and publication from Paperloop. The series of Tissue World exhibitions
and conferences, currently held in France, the USA and China, are the premier
events for the world's manufacturers, suppliers and buyers of tissue paper.
These events and the supporting publication, also called Tissue World,
will become part of CMP Asia, a subsidiary of United Business Media, where
they will complement the trade exhibitions CMP Asia already organises for the
paper and related industries in Singapore and China. CMP Asia is one of the
biggest trade exhibition organisers in the region, holding over 70 events,
and also organises exhibitions in Europe and America.
Paperloop is a leading news and information provider for the pulp, paper
and allied industries. UBM has a 37.2 per cent stake in Paperloop.
The purchase price is approximately $4.5 million - being in part subject
to the outcome of a forthcoming exhibition. The three Tissue World events are
held in a biennial sequence with an annualised turnover of approximately $2.5
million.
CMP Asia CEO, Peter Sutton said
"The Tissue World events are the established meeting places for this
highly specialised sector of the paper industry and they will strengthen CMP
Asia's existing trade fairs serving this global business. The first and
biggest Tissue World event in France is complemented by newer editions in the
USA and China, and the growth prospects are encouraging."
Notes to Editors:
Related websites:
http://www.tissueworld.com
http://www.paperloop.com
http://www.cmpasia.com
CMP Asia
CMP Asia is a leading trade fair organiser in the region and a provider
of business-to-business information, through its publications and websites.
With its headquarters in Hong Kong, CMP Asia has over 400 staff in 11 major
cities in Asia and the USA. It has over 80 media products comprising 70 trade
shows held in seven countries/regions, including the USA and in Europe, and
17 publications with associated B2B websites.
Specifically serving the international paper industry, CMP Asia's
Singapore subsidiary organises Asian Paper, an exhibition and conference held
biennially in Singapore since 1992 and the leading event in South East Asia.
It also co-organises the Shanghai International Nonwovens Conference and
Exhibition with the China Nonwovens Technical Association. A biennial event,
it is China's most important meeting place for this industry. Nonwoven
materials and tissue paper are used together in some finished products.
United Business Media plc (http://www.unitedbusinessmedia.com) is a
leading provider of business information services to the technology,
healthcare, media, automotive, financial services and property industries.
UBM offers services in news distribution, market research, publishing and
events to customers across the globe. Its brands include PR Newswire, the
world's leading corporate news distribution service; NOP World, one of the
largest market research groups globally; and CMP, the B2B media and
exhibition group operating in high tech, healthcare, property, entertainment,
jewellery & fashion in the US, UK, Asia and Europe.
This press release includes statements which are not historical facts and
are considered "forward-looking" within the meaning of Section 27 of the
Securities Act of 1933, as amended. These forward-looking statements reflect
UBM's current views about future events, business and growth strategy and
financial performance. These forward-looking statements are identified by
their use of terms and phrases such as "believe," "expect," "plan,"
"anticipate," "on target" and similar expressions identifying forward-looking
statements. Investors should not rely on forward-looking statements because
they are subject to a variety of risks, uncertainties and other factors that
could cause actual results to differ materially from UBM's expectations. UBM
expressly does not undertake any duty to update forward-looking statements.
Management does not attempt to update forecasts unless conditions materially
change.
SOURCE United Business Media Plc
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CONTACT: Michael Waring, United Business Media, +44-207-921-5031. Colin Browne, The Maitland Consultancy, +44-207-379-5151
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