Upstream, the AIM-listed Asia Pacific-focused corporate and marketing communications services network, announces its audited preliminary results for the year ended 31 December 2006.
Highlights of 2006
- Completion of the reverse acquisition of UAL by Raven Capital Limited ("Raven") in October 2006 and change of the Company's name to Upstream Marketing and Communications Inc. ("Upstream")
- Landmark year of progress for Upstream Asia Limited ("UAL"), with strong growth in operating income and investment for future expansion that is already starting to yield returns.
- The acquisition has enabled Upstream to enter the fast growing Asia Pacific corporate and marketing communications services sector. UAL's key activity is the provision of marketing and communication services to clients in the technology, corporate & financial, and consumer & travel industries.
- Appointment of Shahed Mahmood (Non-Executive Chairman), David Ketchum (CEO) and Jane McGuire Ketchum (Non-Executive Director) to the Board following completion of the acquisition and Ajay Kejriwal as Finance Director on 17 January 2007. Graham Butt and Joanna Barrett continue to act as Non-Executive Directors...
