TVC TV Commerce

    RNS Number : 2672H
  TV Commerce Holdings PLC
  03 November 2008
   

    TV COMMERCE HOLDINGS PLC

    BOARD CHANGES


    The Board of TV Commerce Holdings plc (the "Company"), announces the following Board changes:

    * Andrew Mintern, Chairman, has resigned as a director of the Company with immediate effect;

    * Vincent Stanzione, Chief Executive Officer, has also resigned as a director of the Company with immediate effect;


    * David Hargreaves has been appointed as Executive Chairman with immediate effect;

    * Rakesh Patel FCCA has been appointed as non-executive director and will act as finance director for the Company with immediate effect;
and

    * Nicolas Eastwood has been appointed as non-executive director of the Company with immediate effect.

    The Board would like to thank Mr Stanzione and Mr Mintern for their service to the Company.

    John "David" Ian Hargreaves, (age 68)

    David Hargreaves is a Chartered Mining Engineer and Geologist.  After training in the UK coal industry he spent ten years in operational
management in North and South America and southern Africa. In 1974 he joined the research department of London stockbroker, James Capel to
become Head of Mining Research. David runs his own consultancy business specialising in gemstone mining and marketing.  David is currently a
non-executive director of AIM quoted gemstone technology company, DiamondTech Inc.

    David is a Fellow of the Geological Society and holds a First Class Mine Managers Certificate, in both the UK and the Republic of South
Africa and has a Ph.D. Economics.

    Listed below are the names of the companies (other than the Company) of which Mr Hargreaves has been a director or partner at any time
in the past five years.

 Current Directorships / Partnerships   Past Directorships / Partnerships held
 held

 DiamondTech Inc.                       Black Angel Mining Limited
 Diamond Tech Limited                   Harry's Properties Limited
 Fair Trade Gemstones Limited           Minex (Pvt) Ltd
 The Silurian Company Ltd               T & T Packaging Limited
 Zambezi Emeralds Limited                                                     
    

    Rakesh Ramesh Patel FCCA, (age 45)

    Rakesh Patel qualified as a chartered certified accountant in 1991 and became a partner in Gerald Edelman, a firm of chartered
accountants in London, in 1997. In 1992, he formed the corporate finance division, dealing with acquisitions, disposals, mergers, private
placings and stock market flotations. He was involved in advising on the acquisition of Ryman the Stationer and left the firm in 1996 to
become group financial controller of Chancerealm Limited, a group including Ryman Limited and Contessa Ladieswear Limited and was involved
in the acquisition and integration of Contessa Ladieswear Limited. 

    Rakesh returned to Gerald Edelman in 1997 to head the firm's corporate finance division until leaving in March 2003 to join Adler Shine
LLP, chartered accountants, where he heads the firm's corporate finance division. 

    Rakesh has acted in over 30 AIM transactions as Reporting Accountant and has also acted as interim or part-time director to a number of
private and public companies. He is currently chief executive officer of The Niche Group plc and finance director of Microcap Equities plc,
both of which are quoted on AIM, and will act as finance director for the Company. 

    Listed below are the names of the companies (other than the Company) of which Mr Patel has been a director or partner at any time in the
past five years.

 Current Directorships / Partnerships   Past Directorships / Partnerships held
 held

 Adler Shine LLP                        Academy Day Nurseries & Childcare Ltd
 Dhobiwala LLP                          Academy Property & Development Ltd
 Dominion Pacific plc                   CEC Properties Limited
 Gracemoor Holdings Limited             Consulta Veritas Ltd
 Microcap Equities plc                  Equity Portfolio plc
 Mountfield Group plc                   Headstart (LB) Ltd
 Saya Enterprises Limited               Headstart (MK) Ltd
 Shayona Restaurants Limited            Headstart (NT) Ltd
 The Clothes Spa Limited                Headstart (PE) Ltd
 The Dry Cleaner LLP                    Leisure Activity plc
 The Niche Group plc                    Leisure Perspectives plc
                                        London & Newcastle Holdings plc
                                        Medical Engineering Limited
                                        Naughton-Green Associates Limited
                                        RRP Financial Consulting Limited
                                        The Creative Education Corporation plc
                                        The Interactive Sports Store Limited
                                        The Niche Group plc
                                        YoYo Direct Limited

    Nicolas "Nick" John Eastwood, (age 56)

    Nick Eastwood ACSM, CEng, MIMM, FIQ has over 30 years experience in the mining and quarrying industry in both operational and technical
roles. After graduating as a mining engineer from the Camborne School of Mines in 1974, he spent several years in Africa in the copper and
gold mining industries. Returning to the UK he joined ARC Ltd (a subsidiary of Consolidated Goldfields Limited) on quarry operations and
then moved to a technical role with Blue Circle Industries Ltd. As principal mining engineer for the group, Nick was
involved in all aspects of raw material extraction processes worldwide.  He has also acted as a specialist 
mining industry recruitment consultant, providing skilled professionals to international clients worldwide.

    Nick is not currently a director of any company (other than the Company). 

    Save as disclosed above, there are no further details required to be disclosed pursuant paragraph (g) of Schedule Two of the AIM Rules
for Companies.


    Enquiries:

 David Hargreaves, CEO       TV Commerce Holdings plc       Tel: 078 8443 7468
 Liam Murray/Aaron Smyth     Dowgate Capital Advisers       Tel: 020 7492 4777
 Nominated Adviser           Ltd                          
 Philip Dumas                Dowgate Capital                Tel: 020 7492 4799
                             Stockbrokers Ltd             

    Further information can be found on the Company's website, www.tvcommerce.co.uk.

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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