19.09.06 Kaloss International Ltd sold to Corsie Gp (AIM) - Lead advisor - Eastwood Anglo Corporate Finance Ltd

Company Corsie Group PLC TIDM CEG Headline Acquisition(s) Released 07:00 19-Sep-06 Number PRNUK-1809 CORSIE GROUP PLC ACQUISITION OF KALOSS Corsie acquires UK leading distributor & wholesaler of health and beauty products The Board of Corsie Group plc ('Corsie' or the 'Company'), the AIM listed specialist in the assembly and sale of products and services to the leisure market, is pleased to announce that it has today acquired the business and assets of Kaloss International Limited ('Kaloss'), a distributor and wholesaler of health and beauty products, for a cash consideration of £434,000. KEY POINTS * Kaloss marks Corsie's first acquisition since listing on AIM in June; * For the year ending March 2006 Kaloss delivered gross profits of £804,000 on revenues of £1.4m; * Kaloss overheads absorbed within Corsie's Musselburgh operation; * Kaloss customer base stands at circa 450 accounts; * Robust health and beauty market; and * Acquisition reinforces Board's strategy of achieving growth through selective acquisitions of companies in the leisure market, which can be relocated and integrated into the existing overhead base. Under the terms of today's acquisition, the final consideration will be adjusted on a pound for pound basis to reflect any movement in the net asset position at completion. For the year ending March 2006 (taken from the unaudited management accounts) Kaloss delivered a gross profit of £804,000 on revenues of £1.4m. Kaloss is one of the UK's leading distributors and wholesalers of health and beauty products. Kaloss has a diversified portfolio of products, including health supplements, UV and non-UV tanning products. Kaloss has seen a strong increase in its customer base and now has over 450 accounts. Following the acquisition, Kaloss' business operations will be immediately relocated to Corsie's Musselburgh headquarters, and will commence trading from Tuesday 19 September. The Board expects the acquisition to be fully integrated by 30November 2006. Commenting on the acquisition, David Mathewson, Chairman of Corsie Group, said: 'This is an exciting bolt-on opportunity for the Corsie Group and is a further step in implementing the group's strategy of becoming a major force in the distribution of leisure and well-being products. The overheads of Kaloss will belargelyabsorbed within the Group's Musselburgh operation.' Enquiries: Corsie Group plcTel: 0131 653 0535 Richard Corsie MBE, Chief Executive www.corsiegroup.com City Financial Associates Limited Tel: 020 7090 7800 James Caithie Bishopsgate Communications Ltd Tel: 020 7430 1600 Dominic Barretto About Corsie Group plc Corsie is a provider of products to the worldwide leisure market. Its business operates in the UK and has customers in a number of geographical markets including Europe, Canada, Hong Kong, Malaysia, Australia and New Zealand. The business was founded by Richard Corsie in 1997 after he retired from the sport of bowls and following the buyout of Douglas Kenn Limited and Worth Sports Limited. Corsie operates from its headquarters in Musselburgh, near Edinburgh. The Corsie Group is involved in the assembly and sale of products and services to the leisure market. The Group consists of three operating divisions: Spa Division, Surfaces Division and Sports Division. Within each division, the Group is focused on achieving growth both organically, and through selective acquisition of companies or businesses in the leisure market. Information on Kaloss can be obtained at: www.kaloss.com

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