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Chairman's and chief executive's report

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RNS Number: 2190V
Upstream Marketing and Comms Inc.
27 May 2008



Chairman's and chief executive's report

The Board is pleased to report Upstream Marketing and Communications Inc.'s audited results for the year ended 31 December 2007.

Highlights

  • Revenue up 71% to US$4.613 million (2006: US$2.693 million);

  • Total assets up from US$1.0 million to US$1.7 million, representing a 72% increase.

This is the first full-year results report since the completion of the reverse acquisition of Upstream Asia Limited and the change of the Company's name to Upstream Marketing and Communications Inc. in October 2006. In the time since the reverse takeover, Upstream has made significant headway in building top-line revenue and strengthening its service offering to focus on continued growth moving towards profitability.

Additional listing

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Upstream announces that application has been made for admission of 856,400 ordinary shares of 0.25p each ("Ordinary Shares") to trading on AIM.

The Ordinary Shares have been issued to the vendors of Upstream Australia (formerly Macro Consulting) as the first tranche of deferred consideration payable in respect of the acquisition of Upstream Australia by the Company, following the achievement of certain performance criteria by Upstream Australia for its financial year ended 31 December 2007.

It is expected that admission will become effective and that dealings in the Ordinary Shares will commence on 1 May 2008.

Following the issue of these shares, the Company's issued share capital will consist of 137,401,194 Ordinary Shares, with voting rights. The Company does not hold any Ordinary Shares in Treasury.

The above figure of 137,401,194 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of Upstream under the FSA's Disclosure and Transparency Rules.

Pre-close Trading Update

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Upstream Marketing and Communications Inc.
("Upstream" or "the Company")

Upstream Marketing and Communications Inc. (AIM: UPS), the Asia-based full service marketing and corporate communications network, is pleased to provide a pre-close trading update ahead of its preliminary results for the financial year ended 31 December 2007.

The Company expects revenues in the financial year ended 31 December 2007 to be in excess of US$ 4.0 million, a 50% increase over the same period in 2006. The increase in revenue is as a result of both strong organic growth, as Upstream has capitalised on opportunities in the communications sector in China and other Asian growth economies, and the acquisition and integration of a Sydney-based public relations firm, renamed Upstream Australia, which has been providing a profitable contribution to the Company since 1 April 2007.

Since the year end, Upstream has continued to win new business, including from American Standard, Capgemini, Citrix Systems, and VP Bank in addition to those previously announced wins such as EnQii, Fidessa, the Ministry of Culture of Greece, HTC, and NeuStar. As a consequence monthly revenues have continued to grow despite the traditionally slow start to the New Year in the Asia Pacific region with revenue in the first two months of the current financial year showing an improving trend year on year.

Holding(s) in Company

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Upstream Marketing and Communications Inc.
("Upstream" or the "Company")

Upstream received notification on 17 March 2008 that, pursuant to the FSA Disclosure and Transparency Rules, following the acquisition of 13,300,000 ordinary shares of 0.25p each in the Company ("Ordinary Shares"), JS Investment Holdings Limited has increased its interest in the Company to 31,911,664 Ordinary Shares, representing 23.37 per cent. of the issued share capital of the Company.

This information is provided by RNS
The company news service from the London Stock Exchange

END

Holding(s) in Company

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Upstream Marketing and Communications Inc.
("Upstream" or the "Company")

Upstream received notification on 14 March 2008 that, pursuant to the FSA Disclosure and Transparency Rules, EP Holdings (S) Pte Ltd no longer holds a notifiable interest in the Company.

END

This information is provided by RNS
The company news service from the London Stock Exchange

END

Holding(s) in Company

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RNS Number:7630P
Upstream Marketing and Comms Inc.
10 March 2008

Upstream Marketing and Communications Inc.
("Upstream" or the "Company")

Holding(s) in Company

Upstream received notification on 6 March 2008 that, pursuant to the FSA
Disclosure and Transparency Rules, JS Investment Holdings Limited ("JS
Investment") has acquired 18,611,664 ordinary shares of 0.25p each in the
Company. Accordingly JS Investment now has an interest representing 13.63 per
cent. of the issued share capital of the Company.

This information is provided by RNS
The company news service from the London Stock Exchange

END

TR-1(i): Notification Of Major Interests In Shares

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Upstream Marketing and Communications Inc.

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which

Voting rights are attached (ii):

Upstream Marketing & Communications Inc.

2. Reason for the notification (please state Yes/No): ( )

An acquisition or disposal of voting rights: (Yes)

An acquisition or disposal of financial instruments which may result in the

Acquisition of shares already issued to which voting rights are attached: ( )

An event changing the breakdown of voting rights: ( )

Other (please specify): ( )

3. Full name of person(s) subject to the notification obligation (iii):

Corvus Capital Inc.

4. Full name of shareholder(s) (if different from 3.) (iv):

Corvus Capital Inc.

5. Date of the transaction (and date on which the threshold is crossed or

Reached if different) (v):

27 February 2008

6. Date on which issuer notified:

28 February 2008

7. Threshold(s) that is/are crossed or reached:

Roger Marshall Joins Upstream as Managing Director in Australia to Complete Successful Integration of Operation Acquired in 2007

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HONG KONG, 11th February 2008 - Upstream (Stock code UPS.L), the full service marketing and communications network, has named corporate and technology PR specialist Roger Marshall as managing director of Upstream Australia. The new leadership comes ten months after Upstream's acquisition of Macro Consulting, renamed Upstream Australia, and completes the final step of integrating this new business unit into Upstream's Asia Pacific portfolio.

Roger Marshall has over 16 years' experience in the public relations and marketing industries across Australia, Europe and the US. He joins Upstream from Spectrum Communications and Max Australia, where as group managing director he directed a broad range of business to business, consumer technology, corporate and lifestyle public relations accounts.

"We are pleased with the smooth integration of the Australian operation into Upstream in all respects, including client retention, new client wins, and revenue generation." said David Ketchum, Upstream Asia CEO. "We are enthusiastic that a business leader of Roger's calibre has chosen to take his career to the next level with Upstream, and look forward to his contributions in growing both the Australian practice and Upstream's overall success in the Asia Pacific region."

New wins get Upstream off to a flying start in 2008

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News Release

HONG KONG, 31 January 2008 - Though the New Year is only a few weeks old, Upstream Asia, a full service marketing and corporate communications network, has already secured new retainer assignments from clients in Asia's fast-growing consumer, technology, financial and telecom sectors. The Directors expect continued strong performance across the region after significantly increasing revenues in 2007.

Upstream Hong Kong won the regional mandate from a US-based telecom and domain name services leader in January following a competitive pitch. Also in Hong Kong, Upstream was selected by UK-listed digital services firm EnQii to begin corporate and industry communications in the region, also beginning in January. Financial technology firm Fidessa has signed a retainer with Upstream, following an initial project engagement in 2007.

In Australia, smartphone leader HTC engaged Upstream to handle ongoing media relations work, also following a competitive pitch, adding to a robust consumer technology practice in Australia that also supports Linksys, Skype and SanDisk.

Other recent new assignments in Australia include new community-generated business review site and directory, RAYV, and the launch of the Pocketsurfer2 from Datawind, the world's fastest handheld mobile web access device.

Upstream Named As Communications Partner For Key 2008 Asia Pacific Events

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News Release

HONG KONG, 24 January 2008 - Upstream, the AIM quoted (UPS.L) Asia Pacific marketing and corporate communications network, has been appointed as the public relations partner for the Pacific Basin Economic Council during 2008, and for CommunicAsia2008 and BroadcastAsia2008.

In 2007, Upstream managed communications for such high profile events as the GSMA Mobile Asia Congress, the leading event for the mobile communications sector in Asia, and the Evolution Asia Yoga Conference, Asia's largest annual yoga conference.

The Pacific Basin Economic Council (PBEC) is the oldest independent business association in the Asia-Pacific and serves as the independent voice of business in the region offering unrivalled access to governments, the private sector and civil society organisations. Upstream Asia commences the relationship with PBEC as its official PR Partner at its Global Growth Dialogue "Global Growth: Where Will It Take Us in 2008," a half-day conference on 21 January in Hong Kong. The congress featured leading Asian business leaders. Upstream will also manage media relations support for other PBEC activities such as the 2008 Middle-East Asia Leadership Forum.

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