I am pleased to report continued progress in Vitesse Media's trading; the loss to date compared to the out-turn in 2005/6 is considerably reduced. It's too early to make any statement about the trading of Blue Chip Publishing Ltd, the recently acquired subsidiary, but initially the business is settling down well. We will be able to report later in the year on its likely impact for the group as a whole. We also announce the resignation of Clive Hall, Finance and Operations Director, with effect from 7 July 2006, for personal reasons. Clive joined the company on 6 October 2005. We thank Clive for his contribution and advice during the period.
