VENUE SOLUTIONS HOLDINGS PLC ACQUIRES YOURDAY INC Tuesday 3 July 2007 PDF Print Tuesday 3rd July 2007 VENUE SOLUTIONS HOLDINGS PLC INCREASES SHAREHOLDING IN YOURDAY, INC Following Venue Solutions Holdings Plc’s (“the Company” or “Venue Solutions”) recent issue of 4,000,000 new ordinary shares of 25p each, the Company yesterday completed a further investment in YourDay, Inc (“YourDay”) which increased its shareholding from 46% to 51% of YourDay’s issued share capital. As a result of this investment and acquisition (the details of which are set out below) YourDay is now a subsidiary company of Venue Solutions. Venue Solutions has consolidated its position as the largest single investor in YourDay by subscribing for an additional 25,000 Series B Preference shares at $47.50 for an aggregate consideration of $1,187,500, this price having been set last year between Venue Solutions and YourDay at the time of completion of the Company’s then investment in YourDay. The Company has negotiated a further option to increase its shareholding in YourDay by having the right to subscribe for an additional 19,000 such shares at the same price of $47.50 and one Series C share at a price of $72.38 per share for every three Series B shares subscribed pursuant to this option. These subscription rights will in each case expire one month after YourDay launches ‘YourDay at Alton Towers’ at the Staffordshire-based theme park, which is expected to occur this month. Pursuant to the above share subscription, Venue Solutions has also been granted a further 8,333 Series C warrants to add to its existing 38,433 Series C warrants which the Company was issued in August 2006. The exercise price of the above warrants is $72.38 per share which represents a reduction of $27.62 on the previous warrant exercise price of $100 per share. Both Dominic Berger (CEO of Venue Solutions Holdings Plc) and Stephen Thomson (Chairman of Venue Solutions Holdings Plc) remain on the Board of YourDay. From the date YourDay became a subsidiary the results, assets and liabilities of YourDay will now be fully reflected in the Group’s consolidated financial statements, using the acquisition basis of consolidation, with the results, assets and liabilities of Venue Solutions. In respect of the financial year ended 31st December 2006, YourDay reported an unaudited loss of $1,312,472 and its unaudited gross assets were $5,604,579. Dominic Berger, CEO of Venue Solutions said: “We have been working closely with our exclusive technology partner YourDay, Inc on the world-first implementation at Alton Towers and by further extending our participation in YourDay we are realising our stated strategy. As a subsidiary of Venue Solutions Holdings Plc, we believe that YourDay is on track to realise significant value to the Company.” -ends- About Venue Solutions Holdings Plc Established in 2002, Venue Solutions Holdings Plc develops, supplies and services complete hardware and software systems to improve management of any type of venue. The Company was admitted to AIM (EPIC: VSH) in December 2005. More information may be found at www.venue-solutions.com About YourDay, Inc YourDay, Inc (YourDay) is an American corporation which holds US patents for personal video capture systems. The patents address systems to create an individualised video from pre-existing stock video combined with personal video from theme park rides taken during a visit to a theme park. YourDay’s patents encompass all technology modalities for systems that offer park-wide solutions. More details may be found at www.yourday.biz and www.yourdayataltontowers.com For more details please contact: Dominic Berger Venue Solutions Holdings Plc T: 0870 243 0908 Richard Day Arden Partners Plc T: 0207 398 1631 This press release was distributed by ResponseSource Press Release Wire on behalf of Tria Nomina in the following categories: Leisure & Hobbies, Sport, Consumer Technology, Business & Finance, Travel, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.