Forum Archive Index - July 2000

["simon dallimore" <smndallimore@hotmail.com>]

RMG
29/06/2000
ASSET

REL: 1443 HRS RMG Limited

ASSET: RMG: RMG TAKES 25% STAKE IN DATA INTELLIGENCE COMPANY

RMG Limited today announced the purchase of a 25% stake in business data
intelligence company Atlantis Marketing Limited. The announcement follows 
the successful completion of a $A25 ($NZ 31) million capital raising and the 
relisting on the New Zealand and Australian stock exchanges. As part of the 
transaction, RMG has been granted options to increase its shareholding in 
Atlantis. Atlantis has created proprietary systems for the collection, 
analysis and application of business information and has operations in New 
Zealand, Australia and throughout Asia.

RMG chief executive Paul Cooney today said the Atlantis purchase sits 
squarely within his company's strategy of building the best credit 
information database in Australasia.

Atlantis managing director Michael Whittaker said the transaction provided 
an exciting opportunity for growth.

"Atlantis has spent considerable resource developing quality database 
management expertise and skills. This link with RMG gives us the opportunity 
to take this intellectual property into other applications and different 
regions, Mr Whittaker said. "By partnering with
RMG, the largest receivables management operation in the Southern 
Hemisphere, we will provide information capabilities at a level not 
currently available elsewhere in the market."

Mr Cooney said a number of strategic initiatives were currently under
consideration and would flow from the relationship with Atlantis.
RMG Limited also announced that director John Tarrant had resigned effective 
immediately. John was associated with Frontier Petroleum (FRO). John will 
continue to pursue his interests in the mining industry. The Board would 
like to acknowledge John's contribution to Frontier Petroleum and his 
support of the listing of RMG Limited.
END

________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com


----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/forum.shtml.