iD Factor Parent Grows 12.5%, Appoints New Chairman

In a trading update prior to half-year results, the TMN Group says it expects 12.5% year-on-year growth, with research divisions The iD Factor and iCD performing 'particularly strongly' in the past two months. The Group will also have a new Chairman, Peter Harkness, at the end of November.

Current Chairman Warren Tayler retires after three years with the group and will be replaced by serial entrepreneur Harkness, who joins with more than 20 years' experience in building successful businesses, predominantly in the media sector. He has played an active role on the Boards of both public and private companies, with previous work at Datamonitor and Magicalia.

The UK-based online marketing services group, which has invested more than £500,000 in new staff during the period, in May appointed Tim Heald in a business development role and promoted Paul Dixon to the position of MD of its research units (www.mrweb.com/drno/news6831.htm and www.mrweb.com/drno/news6793.htm ).

Thanking Tayler 'for his exceptional work in helping TMN Group grow and evolve', CEO Mark Smith said the company is 'well positioned' to meet its targets and added: 'We are firmly focused on expanding our existing divisions and delivering new products.'

Half-year results, covering May to October should be released on 5 December. TMN Group was established in 1999 and has been listed on the London Stock Exchange since 2000. Web sites: www.tmnplc.com , www.theidfactor.com and www.icd-research.com.