Media Momentum Awards ranks the UK’s most Dynamic Media Companies

London, 4 February 2004: GP Capital announced the 50 fastest growing media companies in the UK at their Media Momentum awards, held in association with the Barclays Media Team and Olswang.

Ranked according to annual revenue growth rates between 2002-2003, Espotting emerged in the pole position - as the fastest growing and most dynamic media company in the UK. The remaining top 5 companies in descending order of growth were Macrospace, Optimad Media Systems, Aura Sports and IBN.

GP Capital partner, Manish Madhvani, commented on the awards:

“We are delighted to announce the top 50 as they not only represent the future of the UK media industry but are exciting examples of companies at the forefront of innovation. Despite a tough environment for the media sector, these 50 companies successfully grew their revenue base by an average of 149% in a 1 year period. It was interesting to see the list draw upon leading companies from areas as diverse as music album compilations and digital MP3 terminals to Chelsea FC’s media sales agency and leading international broadcasters. The results also indicate certain emerging industry sectors - internet advertising, and mobile content being ones to watch for 2005.”