In the face of many new developments in the mobile content space, and ever-increasing customer awareness, zamano is taking pro-active steps to enhance consumer confidence. In addition, the Group is fully engaged in defining - together with Mobile Network Operators, regulators and other leading players - new measures to bolster such confidence, taking into account the new payment and billing services currently being introduced in key markets.

Major elements of the new procedures include:

• Increased auditing and monitoring of all services and service providers
• The appointment of a customer care manager, reporting to zamano’s CFO, responsible for customer advocacyIncreased investment in I.T. facilities for call centre staff dealing directly with consumers
• Increased training of all customer-facing staff to improve awareness of compliance codes
• A commitment to ceasing business relationships with companies not similarly committed to regulatory compliance

Commenting on the introduction of the new internal code, zamano CEO noted “We have committed very significant resources to a complete overhaul of our procedures, and have engaged in great detail with regulators to understand and fix the challenges we have faced. Most importantly, all staff are fully aware of their responsibilities to enforce the code and to ensure our partners are fully committed to customer care. We see this as a vital foundation for the future growth and prosperity of zamano and the mobile content industry”

Details of the final Technology Fast 50 ranking list are available to download at:

http://www.fast50.ie

http://www.deloitte.com

The company has already agreed an agency deal with Yahoo to offer WAP inventory to its existing customers.

zamano provides messaging and billing services via 3G, SMS, MMS, WAP and IVR into all UK, Irish and Australian operators. The launch of an ad buying unit is an obvious next step as its mobile content provider clients are among the most enthusiastic purchasers of WAP banner inventory.

Declan Pettit of zamano said: “The aggregation industry is commoditised and there is very little scope to differentiate, therefore it’s important to add value where at all possible. The new ad unit continues zamano’s strategy to offer an end to end solution for partners that complements its existing offering of a mobile white label solution comprising billing, content management services and powerful reporting tools.”
 
zamano is already in discussions with all operators in the territories in which it operates, plus off-portal sites with the highest traffic. It expects to announce more formal partnerships soon.

zamano has launched its new service at a time of growing interest in mobile as an advertising medium. According to market watcher Informa, the global mobile ad market will hit $12.09 billion by 2013, up from $1.72 billion this year. It says that 80 per cent of mobile ads are currently generated by mobile content providers.

Meanwhile WAP page impressions are also soaring. According to the Mobile Data Association, 17 million people accessed the Internet on their mobiles in December 2007. This equates to 23 per cent of mobile users in UK.

2007 2006 Growth Euro'000 Euro'000 Revenue 24,716 12,352 100% EBITDA 3,518 2,444 44% Profit after tax 2,613 2,207 18% Adjusted Diluted EPS * 4.6 cents 4.0 cents 15% Chairman's Comments

Rod Matthews, Chairman of zamano commented; 'The Group has once again delivered revenue and EBITDA growth ahead of market expectations.  In addition to this strong financial performance, the Group has also completed two very significant acquisitions which will be key factors in delivering future growth. Trading to date in 2008 is good, and the Board is pleased with progress made in the integration of Red Circle. The Board looks forward to the remainder of the year and is confident that the Group will continue to deliver revenue and profit
growth.'

CEO's Comments

John O'Shea, CEO of zamano commented; '2007 was a transformational year for zamano plc. When the Company listed in October 2006, we explained that our strategy for the growth and development of the Group would be focused on three key areas:

• Identification of suitable merger and acquisition targets in order to ensure that zamano benefits from the continuing consolidation of the market;
• Development of our technology platform to support new technologies and services; and
• Identification of appropriate new geographic markets and controlled entry into those markets.

The Group made substantial progress in executing its strategy during 2007, resulting in a strong financial performance with revenues doubling and EBITDA increasing by 44%.

During the year, the Group considerably strengthened its management team and has put the right resources in place to extend its strong growth story into 2008 and beyond.

I am very satisfied with recent progress in developing our team, our strategy and technology, and am confident that the 6 years of consecutively high growth to 2007 will continue in 2008 and beyond.'

Full Text Here

The Board expects pre-tax cost savings of at least Euro500,000 per annum will be generated once the full benefits of the Acquisition are realised. These benefits will be off-set in year one by certain integration costs of combining the two businesses.

The maximum total consideration payable of Euro24.4 million consists of two elements: Euro17.2 million payable at completion and up to Euro7.2 million additional consideration based on Red Circle's EBITDA for the three months ending on 31 December 2007. If the maximum additional consideration of Euro7.2million is paid, Red Circle will have generated EBITDA of at least Euro3.9 million in the year ending 31 December 2007.

The initial consideration and the additional consideration will be split 75% cash and 25% in zamano shares.

The cash element of the consideration will be funded by a new loan facility with Bank of Scotland (Ireland).

The maximum number of Consideration Shares to be issued pursuant to the Acquisition is 16,944,444 shares, representing approximately 20 per cent. of the equity of the Enlarged Group. The final number of Consideration Shares to be issued will be calculated based on a share price of 36 cents per share(which represents a premium of approximately 9.1 per cent. to the closing share price on 23 November 2007), or, if higher, the average closing share price during the five days prior to the EGM. On Completion, the Vendors will enter into an agreement not to dispose of any of their consideration shares for 12 months.

The Board believes that the acquisition will immediately enhance earnings per share of the Group (before the amortisation of intangible assets).

The Enlarged Group will be managed by the existing zamano Board, Rod Matthews (Non Executive Chairman), John O'Shea (Managing Director) and Colm Saunders (Finance Director), supported by its Non Executive Directors, Brendan Mullin, Colin Tucker and John Michael Watson.

As a result of the size of Red Circle relative to zamano, the Acquisition constitutes a reverse takeover under the AIM Rules for Companies and the IEX Rules for Companies and is conditional, inter alia, on the approval of Shareholders at the EGM which has been convened for 11.00 a.m. on 12 December 2007.

If the Acquisition is approved, the admission of the Existing Ordinary Shares to trading on AIM and IEX will be cancelled and the Company will apply for its enlarged share capital to be re-admitted to trading on AIM and IEX, with admission expected to occur on 13 December 2007.


The Board of zamano, who have been advised on the Acquisition by NCB Corporate Finance, believe that the Acquisition is in the best interests of the Company and its Shareholders and unanimously recommend that all Shareholders vote in favour of the Acquisition, as they intend to do in respect of their own beneficial holdings of Ordinary Shares.


John O'Shea, Managing Director of zamano, said:

'This is a transformational deal for zamano and brings together two successful mobile technology companies, creating an enlarged company which will operate on a global level.

The Acquisition more than doubles zamano's revenue on a pro-forma basis.

Red Circle is zamano's fifth acquisition overall and the second in 2007; the Directors are confident that this will be another successful transaction. The Company will continue to seek further organic and inorganic opportunities for growth in line with the strategy.

I am delighted to welcome the Red Circle team, led by Cathal Fay, to the Group and look forward to working with them to ensure the continuation of their strong track record of growth and innovation.'


Rod Matthews, Chairman of zamano, added:

'zamano's business continues to perform very strongly and, as I stated at the time of our interim results announcement in September, the Board continue to be very comfortable with market expectations for the full-year to 31 December 2007.'


The Admission Document containing a notice convening an Extraordinary General Meeting to be held at the Conrad Dublin Hotel, Earlsfort Terrace, Dublin 2, Ireland at 11.00 a.m. on 12 December 2007 is being sent to shareholders today.

The Fast 50 program, now in its eighth year in Ireland ranks the fastest-growing technology companies in the Republic of Ireland and Northern Ireland. This year, there were 15 companies from Northern Ireland in the ranking. The average annual growth rate of the winning companies was 497%.

The awards took place in the Mansion House, Dublin.  Industry figures speaking at the event included Joe Macri, MD, Microsoft Ireland, Barry Maloney, Partner, Balderton Capital and Paul Lee, Director, Deloitte Research, Deloitte UK. 

Details of the final Technology Fast 50 ranking list are available to download at: http://www.fast50.ie

Mr. Saunders, 35, a chartered accountant who trained with KPMG, has extensive experience of corporate finance, transaction management, integration and operational experience in the USA, UK and Ireland. Colm is joining zamano from Avaya's IP Telephony Business Unit in Boston, where he was Director of Operations and Strategy. He was previously US General Manager of Spectel, an Irish voice and web conferencing company which was acquired by Avaya in 2004. Colm has also worked in corporate finance with NCB in Dublin and CCF Charterhouse in London.

Commenting on the appointment, zamano's Managing Director John O'Shea stated: 'Colm will further strengthen zamano's management team at a time of continued strong growth in the core business, and will lead our ongoing search for acquisition targets. His integration experience will prove very valuable as zamano seeks to maximise the benefits from consolidation within our industry',

Zamano Plc

182,000 Ordinary Shares of &euro 0.001

Mr. O Tighearnaigh, a 38 year-old Chartered Accountant, trained with PWC in Dublin. He has extensive experience in corporate finance and operational
financial management.

He was previously employed by private equity firm Allen McGuire, where he worked on a number of transactions. The largest of these was the acquisition in July 2000 of Adare Group - a print, packaging and mailing group of companies with sales of over €200m. Adare was quoted on the Dublin and London stock markets at the time.

Mr O Tighearnaigh subsequently joined founder and Chief Executive, Nelson Loane, on the Board of Adare, when he was appointed Group Finance Director. The management team achieved margins significantly and consistently ahead of industry averages, and generated substantial returns for investors when it was disposed of last year for more than €150m.

Cormac O Tighernaigh holds no current directorships or partnerships and has held the following directorships and partnerships in the previous five years;

Current                    Past

                                NAPG Limited
                                CAHL Limited
                                Great Northern Envelope Company Limited
                                Alexander Pettigew Limited
                                Adare Precissicion Limited
                                On Demand Communications Limited
                                Adare Intellidata Limited
                                William Caple and Company Limited
                                Printronic Limited
                                Prontaprint Group Limited
                                Business Barter Limited
                                Continuous Stationery Limited
                                Fairfield Graphics Limited
                                Forms Factory Limited
                                Word Processor Stationery Limited
                                Kall Kwik UK Limited
                                Prontaprint Limited
                                Centre 634 Limited
                                The Franchise Option Limited
                                Prontaprint Communications Limited
                                Prontaprint Exploration Limited
                                Citico Print Centres Limited
                                Centre 1566 Limited
                                Prontaprint North East Limited
                                Adare Direct Mail Limited
                                Prontaprint International Limited
                                Kall Kwik Europa Limited
                                Adare Carwin Limited
                                Prontaprint Retail Limited
                                Prontaprint Services Limited
                                Darley Limited
                                Adare Mailing Solutions Limited
                                Fudge Kitchen (UK) Limited
                                Adare Label Converters Limited
                                Adare Packaging Solutions Limited
                                Adare Print Management Solutions Limited
                                Kenley Press Limited
                                Fudge Kitchen (Darlington) Limited
                                Adare Lexicon Limited
                                Kalmazoo Security Print Limited
                                Adare Limited
                                Adare Business Communications Limited
                                Adare Label Solutions Limited
                                Adare Print Management Limited
                                Adare Speciality Print Limited
                                Adare Properties (UK) Limited
                                Adare Printing Group Ltd.
                                CJ Fallon Limited.
                                Korah  Limited
                                Perigord Limited
                                CJ Fallon Holdings Limited
                                Presswell Limited
                                Presswell Group Limited
                                School & College Publishing Limited
                                Esoum Limited
                                Esoum Holdings Limited
                                Flexible Packaging Limited
                                Screen Print Limited
                                Prontaprint BV

John O'Shea, Managing Director of zamano, commented:

'It is testament to zamano's ambition that a candidate of Cormac's calibre, experience and energy has decided to join this high-growth company. In the past year zamano has expanded our management team, and combining the acquisition of Eirborne and the appointment of Cormac now puts the company in a very strong position to realise our growth plans. On behalf of the Board, I'm delighted to welcome Cormac'

There are no other matters required to be disclosed pursuant to paragraph (g) of schedule 2 of the AIM Rules and the IEX Rules.

zamano has acquired the entire issued share capital of Eirborne for an initial consideration of €1.7m consisting of an initial cash payment of €1.2m and the issue of 1,136,364 shares in the Company issued at 29.9p / 44c per share. Additional deferred consideration will be paid, based primarily upon a maximum multiple of five times the EBITDA achieved by the business in the 12 months to 31 May 2008, less the initial consideration paid. The total consideration for the purposes of the AIM rules has been capped at €8.5m.

Eirborne’s audited accounts to 31 December 2006 recorded an EBITDA adjusted for one off Director payments of €0.5m on turnover of €2.87 million. As at 31 December 2006, Eirborne had audited total net assets of €0.43m. In the last 6 months of 2006, the business has grown rapidly and it expected to generate an EBITDA significantly in excess of this in 2007.

Eirborne will benefit from being part of zamano’s enlarged network, and as a result, the acquisition is expected to be earnings enhancing in the first full year of ownership.

Eirborne Text Promotions Ltd was established in 2002 by Gerard O’Keeffe and Paul Coyle, two experienced telecommunications executives, each with over 15 years’ relevant industry experience. The vendors will remain with the business for a minimum of 12 months.

Eirborne has developed a range of mobile entertainment services, including music, video, comedy and game content, which it provides to its 100,000 + subscriber base on www.veronicasmoco.com. Eirborne also provides text and picture messaging services for online communities. The company’s market focus is aligned with zamano’s, with presences in the UK, Ireland and Australia.

Eirborne has been an existing customer of zamano’s for nearly three years. Significant synergies have been identified and are a key element in the business plan and the realisation of the deferred consideration payments

Rod Matthews, Chairman of zamano commented:

“A key element in zamano’s strategy has been to take advantage of consolidation opportunities within the mobile space. Eirborne will be an excellent addition to zamano, both through top and bottom line improvements, as well as delivering on our stated ambition to enter the web-space with an emphasis on building continuity between the fixed line internet and mobile internet. Eirborne’s brands have demonstrated substantial user growth in the last six months and are firmly established amongst the target youth demographics in the UK, Irish and Australian markets. They are thus highly complimentary to the existing zamano brands”

John O’Shea, zamano’s Managing Director, added:

“The acquisition of Eirborne is zamano’s first deal, post listing on AIM and IEX, and will provide zamano with an enhanced web presence and brand propositions which are aligned to our target users in our core geographic markets. The acquisition also marks an important milestone in our strategic development and we will continue to focus on driving growth and investor value through further strategic acquisitions, investment in new technologies and expansion into new territories”.

Gerard O’Keeffe, Director of Eirborne, commented:

“We are delighted with this opportunity to extend the reach of our mobile entertainment services via the zamano network. We have worked with the zamano team for a number of years now and we are confident that the two businesses together will create market leading offerings for the mobile community.”

The Company will make application for the admission of the 1,136,364 consideration shares to be issued to trading on the AIM Market of the London Stock Exchange (“AIM”) and the IEX Market of the Irish Stock Exchange (“IEX”). Admission of the consideration shares to AIM and the IEX is expected to take place on 26th April 2007.

The Media Momentum awards honour each year the fastest growing media companies in the UK and celebrate the achievements of those companies that are shaping the UK’s media industry. zamano’ s overall performance at the awards reflect the exceptional average growth rate of 577% between the fiscal years 2003 to 2005.

The awards were selected by a high profile judging panel from a list published by GP Bullhound, Barclays, Olswang and its partners, who are committed to the UK Media Industry. To qualify for the annual Media Momentum awards companies must be headquartered in UK and Ireland and must at least have a yearly turnover of £500,000 in 2005. All companies will then be ranked by their annual revenue growth rate between the corresponding financial years

http://www.mediamomentum.co.uk/