Options: Subsidiary The Choice Group acquires the remaining 66.7% of
Choice Medical
Options Cassoulides Public
Company Ltd would like to inform investors that its 100% subsidiary “The Choice
Group” based in London signed an agreement with Mr. Brian Green for the
acquisition of 66.7% of the share capital of Choice Medical Communications
Ltd. Our subsidiary, The Choice Group, held to date 33.3% of the issued share capital
of Choice Medical Communications Ltd.
The acquisition price has been
set at UKŁ583,000 and the agreement has retrogressive effect from January 1,
2005.
Choice Medical Communications Ltd was
established in 2001 by Mr. Brian Green.
Its main activity is the provision of services to medical companies on
medical communication and development of new pharmaceutical product
issues.
The Company’s customer list
includes Pfizer, GlaxoSmithKline, GE Healthcare, Biosciences and Abbott. The Company is acclaimed for their evidence
based on medicine program “Prospect” in post operative pain procedure for a
large number of operations.
The acquisition of the entire
share capital of Choice Medical Communications Ltd falls within the strategic
development program of the Medical Conference and Events, which is actively
involved under the business name The Choice Group, aiming at strengthening the
range of services that the sector offers to multinational healthcare and
medical companies. The incorporation of
Choice Medical Communications Ltd will expand its turnover in the sector and will contribute to the
Group’s profits.
In
2004, the sales of Choice Medical Communications Ltd reached UKŁ2,000,000 and its
net profits stood at UKŁ230,000.
Mr.
Brian Green will be the Business Development Director.
The
press release in the UK is as follows:
Press
release
LONDON, November 3, 2005 The
Choice Group, buys Choice Medical Communications, the UK based international
medical communications agency.
The Choice Group, the global healthcare and medical society services group,
today announced that it had acquired 100% of Choice Medical Communications, the
UK based international medical communications agency.
To be called The Choice Group, the agency will reinforce and expand The Choice
Group’s offering to blue chip healthcare and medical society clients from its
offices in Hitchin. Choice Medical Communications will bring to the group
eleven healthcare communications professionals and a client list that includes
international accounts with Pfizer, GlaxoSmithKline, GE Healthcare Biosciences
and Abbott.
The company has executed numerous successful programmes in anaesthesia, BPH and
prostate cancer, haematology and oncology. Choice Medical Communications is
acclaimed for their evidence based medicine programme PROSPECT in post
operative pain procedure specific postoperative pain management.
(www.postoppain.org).
In making the announcement Tim Ball, Managing Director of The Choice Group
said, "Acquiring Choice Medical Communications is in line with our
strategy of offering a comprehensive service offering to our clients. We are
very excited about the opportunity Choice Medical Communications grants The
Choice Group, as they have a great client base --many of whom we share --and
will instantly make us more competitive in growing our existing business and securing
new global accounts."
Brian Green, Founder and Managing Director of Choice Medical Communications,
added "We are delighted and extremely excited about joining The Choice
Group. Our mission is to satisfy our clients’ communication needs through a combination
of strategic vision, healthcare experience, commitment to quality
implementation and passion for client service. The Choice Group will help us
increase our service offerings while creating further opportunities."
Brian Green will remain with The Choice Group becoming Business Development
Director. Anne Pringle Davies becomes Managing Director Choice Medical
Communications.
The Choice Group creates a single organisation with almost 70 employees with a
turnover in excess of Ł15 million, which is poised for strategic growth by
offering new, more powerful and creative products and services.
Source: The Choice Group Contact: Tim Ball Managing Director The Choice Group
+44 1462 471 803 Brian Green Business Development Director The Choice Group +44
1462 471 822 Website: www.thechoicegroup.net.