RNS Number:6278L
First Artist Corporation PLC
28 April 2005


28 April 2005

                 First Artist Corporation plc ("First Artist")

                                 AGM Statement

At its Annual General Meeting today, First Artist will make the following
comments on current trading, prospects and strategy.

Trading

First Artist is pleased to report that the actions taken by the Board over the
past twelve months to reduce overheads and improve the efficiency of the
business are producing encouraging results.

The balance of our business is heavily weighted to the second half of our
financial year. Our first half results, for the period to 30 April 2005, will
only contain one month's player trading activity, however, we have significantly
reduced the operating cost base and as a result we will report an improved
financial performance over the corresponding period last year.

Looking forward, we are encouraged by the levels of activity for the summer
transfer window and by the progress of our recently established Media division,
which is now entering its second profitable year. Overall we are confident of
achieving our corporate and financial objectives for the year.

Strategy

Our strategy is to diversify and reduce our dependence on the football market by
developing a business utilising our skills in personality and player management,
plus wealth and event management and promotions. Over the past twelve months we
have identified and evaluated a number of potential acquisition opportunities.
We have made significant progress in this area and will update the market of
developments in the near future. Notwithstanding the above, we still firmly
believe that the global football market offers exciting growth potential and
through our leading First Artist brand we are extremely well positioned to
capture this growth.

Recent Developments

In March 2005 we announced the appointment of Tim Chadwick as non executive
chairman. Tim has a strong track record of growing companies through acquisition
and his M&A and financing experience will be invaluable to us as we grow our
business both organically and by acquisition in the coming years.

We are in the course of relocating our Asia Pacific operations from Singapore to
Qatar in order to exploit fully the opportunities being offered to us in the
Middle East market.

We look to the future with increasing confidence as the group enters an exciting
new stage of its development.

                                    - ends -

For further information, please contact:

First Artist Corporation PLC
Jon Smith, Chief Executive 020 8900 1818
Richard Hughes, Finance Director

Smithfield Consultants
George Hudson 020 7360 4900

Notes to Editors

First Artist Corporation plc (FAN.LN) was founded by Chief Executive Jon Smith
in 1986. It is one of world's leading football management groups with offices in
London, Milan, the USA and Middle East. It was one of the first football
agencies to IPO, joining the London Stock Exchange in December 2001. First
Artist's primary revenue generation stream is from commission from the transfer
of football players or the regeneration of their contracts. The Group is now one
of a handful of agencies whose personnel hold both FIFA match and transfer
licences. It is working with other leading European agencies, senior European
clubs and leagues to enhance the position, reputation and transparency of the
football transfer market and in particular the role of agents.

First Artist also offers a complete in-house management service with specialist
divisions for Marketing, Media Management, Television /Media Production, Event
Production and Sponsorship. The Media/Commercial Division represents top
sporting and TV personalities. First Artist's client roster exceeds 200
individuals primarily involved with the sports and television industry.




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

END
AGMIRMPTMMBTBRA
Volution (LSE:FAN)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Volution Charts.
Volution (LSE:FAN)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Volution Charts.