IGR Ig Design Group Plc

RNS Number:6016Z
International Greetings PLC
10 June 2004


0700, 10th June 2004

                          International Greetings plc

        Cracker acquisition strengthens International Greetings offering

                               Notice of Results

International Greetings plc ("International Greetings" or "the Group") 
(AIM: IGR), the leading designer and manufacturer of private label greetings
products, wrapping paper and film and television character based licensed 
stationery, announces today that it has acquired Krakajack, one of the leading 
suppliers of crackers to the Irish market, for an initial cash consideration of 
#400,000 followed by additional deferred payments estimated at #500,000.

Krakajack, which is estimated to contribute turnover of #2 million this 
financial year, provides International Greetings with:
     
*    A customer base and order book into the Irish cracker market
*    An entry into the lucrative catering market
*    Machinery and equipment for the manufacture of crackers (to complement 
     the Group's existing hand-made high quality products)

There will be no significant additional overhead for International Greetings as 
Krakajack's business and manufacturing line will be integrated into the Group's 
production facility in Wales.

International Greetings will announce preliminary results for the year ended 
31st March 2004, on 29th June 2004.  Analysts wishing to attend a presentation 
should contact Richard Sunderland at mj2 (contact details below).

Nick Fisher, chief executive of International Greetings, commented:
"Krakajack further strengthens our offering by providing International Greetings
with new equipment and expertise, as well as a foothold in the important Irish 
and catering markets."

For further information:
Nick Fisher, International Greetings:                              01707 630630
Richard Sunderland/ Tim McCall, mj2 ltd:                           020 7491 7776
(Richard.sunderland@mj2.co.uk)
Graeme Cull, Arden Partners                                        0121 423 8960

Notes to Editors:
International Greetings plc is a designer and manufacturer of private label
greetings products and licensed stationery, supplying to the US and UK markets.
The Group's products include gift wrapping paper, gift tags, ribbons, Christmas
crackers, greeting cards and other decorative accessories. International
Greetings also manufactures specially ordered private label Christmas products
and holds the licences to produce merchandise for a number of high profile films
including the third Harry Potter film, the Prisoner of Azkaban, and the
forthcoming Shrek 2.

International Greetings was established in 1979. It listed on AIM in 1995 and is
currently capitalised at about #115 million.

Further information is available at www.internationalgreetings.co.uk



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