ECGI-Envoy acquires stake in Parker Williams
Monday , December 06, 2004 08:31 ET
TORONTO, Dec 6, 2004 /PRNewswire-FirstCall via COMTEX/ --Envoy has entered into an agreement to acquire a 65 per cent interest in London, UK-based packaging design and brand identity specialists Parker Williams Design effective January 1, 2005. Parker Williams Design, whose clients include: Sainsbury's Supermarkets and Coop Norden, are specialists in the retail area. Parker Williams was formed in 1990 by designers Tamara Williams and Tony Parker. With over 25 years design experience in Europe, America and the Far East, Parker Williams has revenues of approximately $5.0 million annually.
Both companies believe the combined expertise and focus within the retail arena will provide exciting new opportunities across both Europe and North America. Parker Williams believes that this relationship is an investment for the future and will benefit all their clients by providing a 360 degree insight of retail market trends worldwide.
"Parker Williams has a real energy and enthusiasm. Our team has seen the passion they have put into every brand they work on, and we are delighted that Parker Williams has decided to partner with us. Parker Williams will add tremendous value to the Envoy Group. Their strategic and creative expertise will be an asset to our team in both the North American and U.K. marketplace," said Geoffrey Genovese, CEO, Envoy Communications Group Inc.
"We are very excited about Envoy's investment in our firm. We realized the need to be a part of something that can take us to the next level without compromising our culture," said Tony Parker.
"Watt International's systems, proprietary software, and reprographics expertise will bring added value to our clients. We are very excited about being part of the Envoy Group," said Tamara Williams.
Envoy will announce further news on earnings guidance for fiscal 2005, on December 7, 2004. Envoy is currently in negotiations with four additional acquisition targets and will provide an update on its progress in the near future.
In addition, Envoy is pleased to announce the launch of its newly designed web site and identity. New features such as the Q&A section will allow for increased lines of communication between Envoy and its shareholders. Envoy will update the Q&A weekly to ensure its shareholders are informed on the company's latest developments. Please visit us at www.envoy.to
About Parker Williams
Parker Williams Design is a brand development and packaging design company in the UK. Clients include: Bombay Halwa, Chupa Chups, Co-op Norden, Daisy Hill Estates, Danone Waters, Del Monte, Diageo, Disney Stores, Early Learning Centre, Frederick's, Noon Products, Premier Foods, Real Ice Co, Reckitt Benckiser, Sainsbury's Supermarkets, Toys R Us and Winterbotham Derby. For more information on Parker Williams Design visit www.parkerwilliamsdesign.co.uk
About Envoy
Envoy Communications Group (NASDAQ: ECGI / TSX:ECG) is an international consumer and retail branding company with offices throughout North America and Europe. For more information on Envoy visit www.envoy.to.
Cautionary Statement
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of Section 21E(i)(1) of the United States Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Envoy's actual results to be materially different from any future results expressed or implied by these statements. Such factors include the following: general economic and business conditions, changes in demand for Envoy's services, changes in competition, the ability of Envoy to integrate acquisitions or complete future acquisitions, interest rate fluctuations, currency exchange rate fluctuations, dependence upon and availability of qualified personnel and changes in government regulation. In light of these and other uncertainties, the forward-looking statements included in this press release should not be regarded as a representation by Envoy that Envoy's plans and objectives will be achieved. These forward-looking statements speak only as of the date of this press release, and we undertake no obligation to update or revise the statements.
SOURCE Envoy Communications Group Inc.
Envoy Communications Group Inc., Geoffrey Genovese,
Tel: (416) 593-1212; or contact our investor relations department at:
info@envoy.to
(ECG. ECGI)
Copyright (C) 2004 PR Newswire. All rights reserved.
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