[The following news release comes from our strategic marketing subsidary Pendry White]

PENDRY WHITE SHOWS SUSTAINED GROWTH OVER THREE YEARS

· Well positioned in key markets during major market correction

· Gross Turnover up 88% to £338,000 (reported accounts)

· Pre-Tax Profit up 36% to £60,000

Pendry White, the strategic marketing company specialising in international business, reported today that reported accounts for the financial year 2006/2007 showed a three-year track record of continued growth since its foundation in 2004. In the 2006/2007 trading year gross turnover was up 88% to £338,000 on 2005/2006 and pre-tax profits were up 36% at £60,000 – the company has seen increasing profits in each of the three years of its operation.

Roger White, Managing Director of Pendry White, said: “We are well positioned to exploit those markets which will be least affected by the current market correction. In part, this is because, thanks to our own contacts in the financial community, we were able to anticipate current developments and adapt the company ahead of market changes.”

Pendry White’s strategy has emphasised both a commitment to Europe and to Asia and to the application of new social technologies. It has concentrated on clients in the professional services sector and in intermediary marketing, particularly those with international networks and on growth and innovation businesses with international aspirations. Within the last year, it has become a member of Eurocom Worldwide, the tenth largest global independent communications network.

It has also developed an important capability as the agency arm for TPPR’s gateway service to European and Gulf Arab interests requiring bespoke media relations, crisis communications and marketing. It acquired the Press Office services of TPPR, a specialist consultancy in international affairs, in September 2005. Senior Pendry White personnel have attended important client events in France, Switzerland, Italy and Singapore within the last year..

Roger White added: “We have no doubts that 2007/2008 could prove a difficult trading year for British business, given uncertainties in the market, but we have a long term view of our own future and that of our clients. It is at times like these that the mid-sized business in particular needs to feel that they have senior experienced counsel who will maintain their nerve and help them through to the inevitable recovery – which we are confident is far sooner on fundamentals than some media commentators would want us to believe.”

He concluded, “We have invested a great deal of effort in understanding what the new social networking technologies can and cannot do for clients, stripping away the hype in order to see what opportunities lie ahead. We have already been appointed to undertake a feasibility study on a major project and we anticipate further interest in this area from marketeers in the years to come.”

For Further Information on Pendry White & Its Services

Roger White, Managing Director, Pendry White – 07751 051846

www.pendrywhite.com