Captive Audience Display Solutions plc
LSE : CADP

December 22, 2010 10:47 ET

Chairman's Statement AGM 2010

CHAIRMAN'S STATEMENT AGM 2010


The last year has been very challenging for most companies.  Notwithstanding that, the board of
Captive Audience Display Solutions Plc has been determined to move the company forward.  A
decision was made to refocus the activities on the Cads project  in the Middle East.

We have recently appointed William Albert Securities Limited as our corporate advisors and
stockbrokers in London.  Your company is currently capitalised at approximately €2m.  From the
contracts already signed, together with those currently in negotiation and the potential alliance
with a major international media company, we expect that significant enhancement of shareholder
value could be seen in the short term.

In January 2010 US Oil & Gas Plc successfully listed on the PLUS market in London.  Spurt Concepts
Ltd is a special purpose vehicle, with common directors, set up to hold three million ordinary
shares in US Oil & Gas Plc for the benefit of the shareholders of Captive Audience Display
Solutions Plc.  The main object clause of Spurt Concepts Limited is to 'distribute the value of
these shares, either directly as shares or by cash proceeds of the sale of the shares in US Oil &
Gas Plc to the shareholders of Captive Audience Display Solutions Plc or to purchase the shares of
Captive Audience Display Solutions Plc at such time and in such amounts as the directors of the
company, in their sole discretion, see fit.'

In February 2010 we signed an agreement in Jeddah with NAFT Services Company, a division of the
Corral Group, the owner and operator of refineries and forecourts from Scandinavia to the Middle
East.  This agreement was to develop a programme to roll out the Cads' network across the Kingdom
of Saudi Arabia.  NAFT Services company is the fastest growing petrol retail group in the Kingdom
of  Saudi Arabia.

In May 2010 we signed an agreement in Beirut with Coral Oil Company Limited.  This agreement was
to develop a programme to roll out the CAds' network across Lebanon.

We are in discussions with a major shopping mall in the UAE with a view to installing screens in
their shopping centres.

We are working closely with a significant outdoor international media company,  who  is well
placed to partner us to maximise the potential of these opportunities.  With these very
significant agreements already signed and further potential opportunities that may arise in the
Middle East and Europe, we see this as a company maker.

I would like to welcome our new director Keith Jordan to the Board of CAds.  Keith will be
responsible for advancing our Middle Eastern project.

A number of projects have presented themselves in recent weeks.  We have been approached by Ritz
Gold Limited to enter into discussions with a view to reaching agreement to the mutual
satisfaction of the shareholders in both companies.  Ritz Gold Limited is a well funded gold
exploration and investment company.

This is a very exciting development.  We are always interested in entering into negotiations in
order to advance the ambition, development and expansion of CAds through organic growth and
acquisition.'

Finally, I would like to thank our shareholders for their support.

I would also like to express gratitude to William Albert Securities and my fellow directors for
the great contribution they have made to the company in the last year.

We look forward to the coming year with confidence.

Yours sincerely,

Liam McGrattan
CHAIRMAN
Captive Audience Display Solutions Plc

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