The Administrators of ASG Media plc have confirmed that on the 4th of November 2009 they sold the business and assets of the Group’s trading subsidiaries, ASL Media Limited and Freelance Media Limited to RAM Investment Group PLC for £155,000 excluding receivables. On November 9th, the Administrators also sold certain other assets of ASG to RAM Investment Group PLC for a further £20,000.

The Administrators also believe that there will be insufficient assets to meet the Company’s liabilities in full.