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From: | "DR" <hamish@webmail.visp.co.nz> |
Date: | Wed, 19 Feb 2003 20:33:54 +1300 |
Pacific Media PLC
19 February 2003 PACIFIC MEDIA PLC New Zealand Launch Pacific Media Plc ('Pacific Media') is pleased to announce that Sirius Retail Television Limited ('SRTV'), its recently acquired wholly-owned subsidiary, has incorporated a New Zealand company and will now launch TV shopping operations there on a permanent basis following a series of successful pilot schemes. This operation will initially focus on a number of products that have been particularly successful in the UK under the TV Warehouse brand. As a result Pacific Media's two wholly-owned TV shopping operations, TV Media and SRTV, are now operating in the following countries: UK, China, Japan, Korea, Singapore, Malaysia, Australia and New Zealand. As announced on 12 February, a launch in Taiwan, by way of a joint venture with Oak Lawn Marketing Inc., is imminent. Ed Hall, Chief Executive of SRTV, said: 'This is a natural extension of our existing business in Australia and was a key part of the original SRTV business plan. We look forward to working with TV Media on sourcing products for this new market.' Clive Ng, Pacific Media Group Chief Executive, commented: 'This launch further validates Pacific Media's acquisition of SRTV and establishes the Group's presence in Australasia. Our expansion continues.' |
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