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IMT Group Holdings plc to raise £1 Million via Private Placing to fuel growth ahead of AIM float

Daniel Corby, Founder and CEO of IMT Group Holdings, which operates the iFinda consumer brands in the UK has instructed a leading london stock broker to handle a £1 Million Private Placing to fuel growth ahead of a planned AIM float for 2009

FOR IMMEDIATE RELEASE

PRLog (Press Release) - Jun 11, 2007 -
IMT GROUP HOLDINGS PLC to raise £1 Million in Private Placing

Fast growing Internet, Media and Telecom business IMT Group Holdings plc, which operates the iFinda brands in the UK, has announced plans to raise to an additional £1 Million in a Private Placing

Speaking about the announcement, founder and CEO, Daniel Corby said
“IMT Group Holdings plc is well positioned to capitalise on our existing success and plans to roll out 2 further call centres in the coming 18 months. The centres will both be UK based.

The business has interests in Internet, Media and Telecoms and was founded in 2005. Since then, the business has grown very quickly to be a major force in UK Directories and now operates the iFinda brands in the UK.

iFindabusiness, iFindawedding and iFindanumber have all successfully launched in the last year with other businesses planned for the coming 12 months. The £1 Million to be raised in a Private Placing will provide the capital and resources required to enable the business to roll out additional services, launch a UK wide Advertising and awareness campaign and open 2 additional UK call centres to grow the sales team to around 800 staff.

The business is currently trading to forecast and expects to float on AIM within the next 18 months”

Group Finance Director, Peter Hill added “The business is easily scalable and the Private Placing is well under way and expected to complete by 13 July 2007”

Notes to editors

In November 2006 a 300 seat telesales centre was opened in Chelmsford Essex where the business has its HQ and Training Functions. Additional centres are already at an advanced stage of planning, one of which will open in Quarter 4 of 2006.

A leading London Stock Broker has been appointed to handle the Private Placing.

The business has recently recruited a retired Head of Trading Standards to the business as Head of Ethics. The committee will meet once a month and will oversee the way the group deals with its customers, staff and shareholders.

www.imtgroupplc.com     Corporate Site
www.ifindagroup.com     Consumer Brands
www.ifindabusiness.com     Business Directory
www.ifindawedding.com     Wedding Directory
www.fidolocal.com    Publishing Business
www.verificationassociation.org  Membership Services
www.ifindanumber.com     Memorable Numbers

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About IMT Group Holdings plc: IMT Group operates the iFinda brands in the UK. www.ifindabusiness.com, www.ifindanumber.com, www.ifindawedding.com, www.verificationassociation.org. Founded in 2005 by Daniel Corby. Main Board now consists of Richard Allan, Chairman, Hugh Craen and Doug McQueen (non exec), Peter Hill, Group FD, Jaynie Vincent, Group HR Director, Scott Barker, Director of Risk. Corporate site www.imtgroupplc.com - The company is planning an AIM float for 2009.

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Contact Email:
Source:linsey.cooke
Website:http://www.imtgroupplc.com
Phone:0044 1245 397 003
Address:Cromar Way
:Chelmsford
Zip:CM1 2QE
Country:United Kingdom
Industry:Business, Telecom, Finance
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Shortcut:http://prlog.org/10019643
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