As we said almost a week ago ‘RAM Investment Group Purchases ASG Media Assets‘ and the official RNS for that acquisition (we repeat our belief that ASG Media was sold off far too quickly and far too cheaply) is below.However, the really interesting news is as usual the news that no one else ‘prints’.
VMG have just snapped up the contract at the Trafford Centre for the large LED that ASG Media initially had AND (better still, for VMG) have grabbed the contract for the already installed digital 6-sheets at Gloucester Quays.
This latter contract is particularly good. The kit is already ‘in the ground’, it’s modern, the right way round (i.e. portrait rather than TVs hanging from the ceiling) and Clear Channel must suddenly love VMG!
RNS Number : 2335C RAM Investment Group PLC 10 November 2009
FOR IMMEDIATE RELEASE 10th November 2009
RAM INVESTMENT GROUP PLC
(“RAM” or the “Company”)
TrainFX Limited acquisition of the ASG Network.
RAM announces developments regarding TrainFX Limited (“TrainFX”), a company in which RAM holds a 49.9% stake. TrainFX, the developer of passenger information, media, communication and security systems for the rail sector, has acquired the business and assets of ASG Media Group (“ASG”) including certain assets of ASG Media Plc and the business and assets of ASL Media Limited and Freelance Media Limited.
ASG was a leading digital out of home specialist Media Company which went into administration on 2 November 2009. TrainFX will now commence investing in stabilising, improving and enhancing the existing ASG network in order to provide both shopping malls and advertisers with a more robust offering.
The ASG network will now be able to benefit from specialist technical support from Train FX, which has previously supplied software and technical support for other out of home media companies.