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Preliminary Announcement of Annual Results for the year ended 30 June 2008

30 September 2008

Ekay PLC ('Ekay' or the 'Company'), a leading regional advertising and marketing services agency, today announces its results for the year ended 30 June 2008.

Highlights

• Successful integration following strategic acquisition of WFCA Integrated Limited ('WFCA'), a full service marketing communications company, bringing with it a track record of growth and a client list featuring many household names.
• Enlarged Group now the largest 'London agency outside London'.
• Reorganisation of Board including appointment of Bob Morton as Chairman and Michael Richards, Chief Executive of WFCA. as Chief Executive.
• Reduced turnover, but increased gross profit from £2.2 million to just under £3.5 million, moves operating pre tax result before exceptional items from a loss of £215,000 into a profit of £91,000.
• Prudent provision for exceptional items to reflect current value.
• Significant cost savings help protect ongoing profitability of the enlarged Group.
• Court approved reduction of capital will soon allow Share Premium Account to form part of distributable reserves.

Michael Richards, Chief Executive, commented:-

'The financial year was one of great change for Ekay, culminating in an acquisition that has more than doubled its size, significantly enhanced its market profile and bolstered its management structure.

The Board is confident that the continuing development of the enlarged team and the range of services offered by it will lead to a robust and strongly performing Group in future years'

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