FMDA Futuremedia Public Ltd CO. (MM)

BRIGHTON, England, Jan. 22 /PRNewswire-FirstCall/ -- Futuremedia plc (NASDAQ:FMDA), a leading e-learning provider and design, exhibition and events agency, today announced that it has received a funding payment which includes $2 million from Yorkville Advisors and $71,000 from National Air Cargo -- Middle East (NACME). Additionally, there were five million ADS warrants issued as part of the funding agreement. These warrants are priced at $2 per share, which potentially provides the Company with up to $10 million of future funding. The Yorkville portion of the funding included the final $980,000 payment associated with the $6 million funding agreement announced on August 23, 2007, along with an additional $1 million funding for cash flow needs over the next six months. "This funding is indicative of our investors' continued commitment to Futuremedia and we intend to reward that commitment. The additional $1 million in funding will primarily be used by Futuremedia Learning to implement its revised business plan and meet cash flow needs. Our Button Group division is exceeding its 2008 financial plan, making progress towards profitability and continuing to expand its global client base," stated George O'Leary, CEO of Futuremedia. About Futuremedia Futuremedia plc is a global media company providing online learning, design, exhibition and event services to public and private sector organizations. Established in 1982 and listed on the Nasdaq in 1993, Futuremedia helps its clients to communicate their values, product and brand information to employees, customers and industry, and believes that learning is a key component in the communication mix. Futuremedia divisions are Futuremedia Learning and Button Group plc. The Button Group has been providing design, exhibition and event services in Cannes, France and elsewhere around the world for more than 30 years. For more information, visit http://www.futuremedia.co.uk/. "Safe Harbor" Statement under Section 21E of the Securities Exchange Act of 1934: This press release contains forward-looking statements related to future results and speaks only of Futuremedia's expectations as of the date hereof. Such statements include expectations regarding: the Company's ability to maintain its listing on the Nasdaq-CM; the expected benefits from new sales, contracts or products; the expected benefits and success of operations in new markets; the expected benefits of expanding the sales operations of group companies into new geographical markets; the expected benefits of acquisitions; the expected benefits of financing arrangements; and the Company's future financial condition and performance. Such statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from expectations. The risks and uncertainties include: risks associated with the Company's ability to maintain its listing on the Nasdaq-CM; risks associated with the Company's ability to develop and successfully market new services and products (including the risk that such products may not be accepted in the market), risks relating to operations in new markets (including the risk that such operations may not deliver anticipated revenue or profits); risks associated with acquisitions (including the risk that such acquisitions may not deliver the benefits expected by management and risks associated with integration of acquisitions generally); risks that financing arrangements could result in substantial dilution to shareholders because of subscription prices below the current market value of the Company's ADSs or other factors; risks relating to the Company's ability to operate profitably in the future; risks associated with rapid growth; the Company's ability to successfully develop its business in new geographic markets; the early stage of the e-learning market; rapid technological change and competition; and other factors detailed in the Company's filings with the US Securities and Exchange Commission. The Company expressly disclaims any obligation to release publicly any updates or revisions to any such statement to reflect any change in expectations or in information on which any such statement is based. All product names and trademarks mentioned herein are trademarks of Futuremedia or their respective owners. DATASOURCE: Futuremedia plc CONTACT: US - Mike Smargiassi, or Dianne Pascarella, both of Brainerd Communicators, Inc., +1-212-986-6667, , for Futuremedia plc Web site: http://www.futuremedia.co.uk/

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