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Cellcast News

2006 Interim Results

31st August 2006

Cellcast plc (AIM: CLTV.L), an international provider of digital participation television programmes and interactive mobile content, announces its interim results for the six months ended 30 June 2006.

The Company develops innovative strategies for integrating mobile phone content into the TV environment. In the UK alone, Cellcast currently broadcasts over 60 hours of live interactive programming each day.

Highlights

• Turnover increased by 65% to £9.6 million from £5.8 million during the same period in 2005
• Profitability impacted by reorganisation of Sky’s Electronic Programming Guide (“EPG”), with a loss of before tax of £2 million, compared to a loss of £539,000 in the same period in the prior year.
• Moved quickly to counter effects of EPG by introducing new formats, redeploying bandwidth, increasing marketing spend to help viewers find channels, and, reducing production costs and operating expenses
• Continued growth in international operations which accounted for around 25% of revenues in the first half and will represent rapidly growing proportion of overall revenues in second half of 2006
• Rapid expansion of international operations has been achieved at a low cost, demonstrating scalability of business and technical models

Commenting on the results, Julian Paul, Chairman of Cellcast plc, said: “With the Board having taken the necessary steps to restore the profitability of our UK operations, and with an increasing proportion of our revenues coming from international markets, I feel confident that Cellcast will prosper in this exciting marketplace.”

The full results are available to download in PDF format.

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