World Television, the international webcasting and multimedia visual communications company, today announces preliminary results for the year ended 31 December 2005.

 Financial highlights:

·         Turnover £9.6m (2004: £10.0m)

·         Underlying revenue growth 7%

·         Operating loss £0.8m (2004: £4.4m)

·         Pre-exceptional EBITDA loss of £37k (2004: £1.087m), ahead of market expectations

·         World Television and Virtue Broadcasting merger delivered a reduction in operating costs of circa £1.4m, £0.5m more than the target set by the Board