1st December 2007 – Three's A Crowd Plc
Birmingham based company invests in 'Three's A Crowd'
Birmingham based Early Equity Plc, the PLUS Markets listed investment company, announces that it has taken a 2.37 per cent investment in Three's A Crowd which floated on the PLUS Market on Friday 30th November.
Three's A Crowd, is an events management and lifestyle portal company, and has listed with a market capitalisation of £2.47 million and an introductory share price of 3.5p
Three's A Crowd plc is a holding company that owns the "Three's A Crowd" events management brand. It aims to develop this brand further in the events management sector and to expand into other areas by the creation of an online lifestyle portal.The Company's strategic objective is to develop the brand through organic growth and selective acquisitions. The Directors believe that the brand can be extended into other areas, and will therefore look for a range of growth opportunities in order to build a recognised and respected lifestyle brand.
Celebrity socialite and director of Three's A Crowd, Tara Palmer-Tomkinson said:
"I am so excited that Three's A Crowd has listed on PLUS Markets. My team and I will be able to use the PLUS platform to launch the Three's A Crowd brand into new areas and I am especially looking forward to being able to use all my years experience in attending and creating parties to bring real running power to the business."
Early Equity Chief Executive Rob Painting said today:
"We are delighted to have participated in the flotation of Three's A Crowd on PLUS Markets. It has a young, dynamic management team focused on growing the Three's A Crowd brand. This investment is in line with our stated strategy, and already we have demonstrated our ability to recognize and participate in investments which will unlock potential and create capital gain for our shareholders."