Research

The Board is pleased to report Upstream Marketing and Communications Inc.’s audited results for the year ended 31 December 2006.

On 16 October 2006 the Company completed its reverse acquisition of Upstream Asia Limited (“UAL”), and the Company’s name was changed to Upstream Marketing and Communications Inc. (“Upstream”).The Directors believe that the Group’s focus on delivering corporate and marketing communications services in the Asia Pacific region presents an excellent opportunity for profitable and sustainable growth. Demand for corporate and marketing communications services remains strong driven by rising consumer spending, the desire of multinational companies to expand their business in the region, and Asia-based companies seeking to spread their message to the global market place...

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Upstream has reported the first results in its new form (for 12 months to end Dec 2006) having in October 2006 reversed Hong Kong based marketing company Upstream Asia (UAL) into cash shell Raven Capital, and at the same time completed a small placing (at 20p/share) for working capital purposes...

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Content Highlights:

• Proposed Acquisition of Upstream Asia Limited
• Proposed Placing of 2,500,000 Ordinary Shares of 0.25p Each at 20p per Share
• Proposed Change of Name
• Notice of Extraordinary General Meeting and Application for Admission to Trading on AIM

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Key Points:

• Comprehensive offering in corporate communications.
• Targeting Asia-Pacific region, itself seeing high growth.
• Over 30 leading clients.
• Founded in 2000 and lead by experienced management.
• Admission to AIM via reverse takeover.

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