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DEC 17 2012

Company Update

RNS Number : 7164T
Media Corporation PLC
17 December 2012



17 December 2012

Media Corporation Plc

(the "Group" or the "Company")

Company Update

The Company announces that is has placed Eyeconomy Limited ("Eyeconomy"), an internet advertising business and wholly owned subsidiary of the Group, into administration (the "Administration") with KRE Corporate Recovery LLP. On 12 December 2012, the Company announced that due to tough trading conditions, revenues had softened and Eyeconomy was expected to make a loss for the division for the 15 month period ending 31 December 2012. Eyeconomy's considerable drop in sales, coupled with the growing negative net asset position of the business, has led the Board of the Company to take the tough decision that as Eyeconomy is no longer an appropriate fit with the ongoing strategic direction of the Group its resources are better focused on the pending launch of Intabet and associated sites. A further announcement regarding the Administration will be made in due course.

The Group's other trading operations are unaffected and continue to trade as normal. The Company remains completely focused on development of the Intabet platform and new, complimentary technologies and products.

--END--

Media Corporation Plc

Phil Jackson - Chairman

Tel: +44 207 618 9000



Northland Capital Partners Limited

Luke Cairns / Lauren Kettle (Nominated Adviser)

Tel: + 44 207 796 8800



XCAP Securities

Jon Belliss (Joint Broker)

Tel: + 44 207 101 7070



Bishopsgate Communications

Tel: + 44 207 562 3350

Nick Rome






This information is provided by RNS
The company news service from the London Stock Exchange
END
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RNS Number : 7164T Media Corporation PLC 17 December 2012 17 December 2012 Media Corporation Plc(the "Group" or the "Company") Company Update The Company announces that is has placed Eyeconomy Limited ("Eyeconomy"), an internet advertising busin...
DEC 12 2012

Trading update

RNS Number : 3029T
Media Corporation PLC
12 December 2012



12 December 2012

Media Corporation Plc


(the "Group" or the "
Company")

Trading Update

Following the passing of the Company's previous year end of 30 September the Company is pleased to provide a trading and strategic update.

Since its recent and continuing reviews of the perceived failings of the past the Board has completed a programme to assess how best to develop the Group's existing technologies and achieve sustainable profitability.

To that end, the directors are focusing on the following points to be addressed or completed by the end of the first quarter of 2013, and in time for the publication of our annual report for the 15 months period to 31 December 2012.

• The focus of the Group is to be placed on its existing and developing new technologies, with the emphasis on commercialising those technologies as soon as practicable

• To reflect the break with the past and the new focus the business will be renamed, Inta plc

• It is the intention that additional experienced board members will join the Company to add experience and stability in the technology, marketing and gaming sectors.

• Creation of a commercialisation team is planned, opportunities are in progress to launch associated sites based on the core Intabet technology as well as the ability to licence it directly and through joint venture partners. The first two instances, Bet Comparer and Mobet, are scheduled to go live on 1st March and 15th April respectively. Further details about each product will be provided nearer to the targeted launch dates.

• A full review of all non-core businesses within the Group, including Eyeconomy, with a view to potential disposal

• A resolution of all and any outstanding legacy issues pre the acquisition of Intabet

Intabet

Intabet, a company that had developed a gaming software platform was acquired in May 2012. The proposed synergies between the Intabet platform and the Purple Lounge division of the Company seemed a logical fit, based on what was reported to be in situ, including a leading licensed poker site, casino and payment platform along with many thousands of registered and active players.

The accurate position was somewhat different; long term operational failures led the previous management to surrender Purple Lounge's gaming licence to the Maltese Regulators, with question marks around the state of the players fund account and a deficit made up of real and bonus cash balances. The management team judged that the business was not viable and proceeded to liquidate The Purple Lounge as announced on 31 May 2012.

The consequence of that situation is that it has posed a significant challenge when launching a new gaming brand from within the Group. The management are working actively on ways to ensure that players and other creditors are treated fairly as the Purple Lounge liquidation process proceeds. However, in the absence of a conclusion of the liquidation it is easy to understand why effected Purple Lounge customers would, through the historical association, view an Intabet launch negatively.

In the meantime, the Company has continued to develop the platform to enable it to initially launch as a bet comparison site (www.betcomparer.com) and this is scheduled to launch on or by 1st March 2013. In addition, the Company will focus on opportunities surrounding the application of certain elements of the software developed. This will allow the company to commercialise the new technology it has developed in other markets and/or for other operators. Such opportunities for licencing out the technologies developed are presenting themselves in the UK and elsewhere.

Eyeconomy

Eyeconomy is an established and respected media agency which holds the benefit of contractual rights over cornerstone online real estate giving valuable access to large audiences through prime websites.

Despite investing in an expanded sales team, revenues for Eyeconomy have softened over the last two months due to tough trading conditions and strong competition in the media sector from larger competitors. As a result, the directors expect a loss for the division for the 15 months period ending 31 December 2012.

Moving forward, a number of scenarios are being assessed for Eyeconomy, including how Eyeconomy now fits within the new strategic direction of the Group and further updates will be provided if and when appropriate.

General

The Company has not been truly profitable for some significant time and has suffered from the burden of using cash to prop up loss making businesses, often without a coherent plan or overarching strategy.

The current Board believes that the first half of 2013 will be transitional, and believe that it will see a business emerge with a new focus on technology and commercialising the technologies developed through Intabet, bringing about revenues earlier and laying foundations upon which a significant and robust business can be built.

Phil Jackson, Chairman, commented: "Whilst it has been an undoubtedly turbulent period for the Group, I feel we are finally in a position to look forward and as we assess new and exciting applications for our existing technologies I am hopeful for 2013 and look forward to announcing new appointments and the formal launches of new products and sites throughout the next year and setting out the full plan for the Group in our report and accounts due to be published by 31 March 2013."

--END--

Media Corporation Plc

Phil Jackson - Chairman

Tel: +44 207 618 9000



Northland Capital Partners Limited

Luke Cairns / Lauren Kettle (Nominated Adviser)

Tel: + 44 207 796 8800



XCAP Securities

Jon Belliss (Joint Broker)

Tel: + 44 207 101 7070



Bishopsgate Communications

Tel: + 44 207 562 3350

Nick Rome






This information is provided by RNS
The company news service from the London Stock Exchange
END
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RNS Number : 3029T Media Corporation PLC 12 December 2012  12 December 2012 Media Corporation Plc(the "Group" or the "Company") Trading Update Following the passing of the Company's previous year end of 30 September the Company is pleased to pro...
NOV 16 2012

Directorate Change

RNS Number : 2615R
Media Corporation PLC
16 November 2012



16 November 2012

Media Corporation Plc

("Media Corporation" or the "Company")

Directorate Changes

Media Corporation Plc, the AIM quoted digital advertising network and online gaming group, announces that Adam Fraser-Harris has stepped down from the board of Media Corp as Interim CEO to pursue other interests with immediate effect.

Until such time as a full time CEO is in place, Phil Jackson has assumed the role of Executive Chairman.

Commenting on Adam's departure, Phil Jackson, Chairman of the Company, said:

"On behalf of the board and shareholders I would like to thank Adam for all his efforts over the last six months. He has been instrumental in resolving a number of legacy issues and problems facing the Company when we joined the board in May of this year. Through his efforts he has helped stabilize the Company to put it in a position to look forward; we wish him all the best in his future projects. Our search for a full time CEO is well under way and we look forward to announcing new appointments at the appropriate time. In the meantime I am excited about working in a more executive role and I am optimistic about future developments for the organisation and remain focussed on the pending launch of our Intabet platform."

--END--

Media Corporation Plc

Phil Jackson - Chairman

Tel: +44 207 618 9000



Northland Capital Partners Limited

Luke Cairns / Lauren Kettle (Nominated Adviser)

John Howes (Joint Broker)

Tel: +44 207 796 8800



XCAP Securities Limited

Jon Belliss / Halimah Hussain (Joint Broker)

Tel: +44 207 101 7070



Bishopsgate Communications

Nick Rome

Tel: +44 207 562 3350


This information is provided by RNS
The company news service from the London Stock Exchange
END
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RNS Number : 2615R Media Corporation PLC 16 November 2012  16 November 2012 Media Corporation Plc("Media Corporation" or the "Company") Directorate Changes Media Corporation Plc, the AIM quoted digital advertising network and online gaming grou...
NOV 5 2012

New social media offering

RNS Number : 2740Q
Media Corporation PLC
05 November 2012



5th November 2012

Media Corporation Plc

(the "Company")

New social media offering

Media Corporation plc, the AIM quoted digital advertising and online gaming group, is pleased to announce the launch of their Mobile Digital and Social Network advertising service through their newly formed company: Media Corporation Social Networks.

Media Corporation Social Networks, in partnership with YZ UK Ltd., the UK, USA and Australian franchisee of targeted social media network provider YuuZoo, has signed an agreement to work in partnership to offer the innovative YuuZoo social media platform to existing and prospective customers.

The new service, which is optimised for mobile use, allows publishers, brand owners, sports stars, teams and interest groups to efficiently monetise their social media presence by maintaining controls on the commercial channels around the site. Revenues generated from the social media platforms will be split 50:50 between Media Corporation Social Networks and YZ UK Ltd., Eyeconomy, Media Corporation's digital media business, will also sell available advertising inventory. Each social network platform includes key common features such as a newsfeed, profile pages, messaging, chat, picture and video sharing, live event streaming, digital content as well as merchandising. Each platform provides a direct sales channel for content, services and merchandise.

Mark Butt, Managing Director of Eyeconomy, said: "This is exciting news, particularly for the publishers and brands we represent as we now have a cutting edge service that allows publishers and their advertisers to generate revenues from social media and mobile in partnership with the advertisers that support them in print and on the web.

Our model means that our customers can create a sticky, revenue generating social media presence and differentiate themselves from competitors - it puts the publication or brand at the centre, meaning publishers and brand owners have all the benefits of a social media campaign and yet maintain total control over the commercial aspects. This creates a number of new opportunities for site owners who can build revenue sharing models with their advertisers including direct response adverts that allow customers to buy advertised products immediately.

Our relationship with YZ UK Ltd.,the UK, USA and Australian franchisee, gives us access to incredible technology and growing audiences, and in return we are able to help their clients derive revenue from their social media presence."

Phil Jackson, Chairman, commented: "Social media and how to get it to make money has presented a challenge for brand owners, who invest significant amounts of money in advertising to acquire a customer, then direct them to a social network environment where they lose control of that customer and the commercial opportunities. Our new service meets that challenge and I believe offers a significant opportunity for us. Obviously, we see social media playing a significant part in the launch of Intabet."

Contacts:

Media Corporation Plc

Phil Jackson - Chairman

Adam Fraser-Harris - Interim CEO

Tel: +44 207 618 9000



Northland Capital Partners Limited

Luke Cairns / (Nominated Adviser)

John Howes (Joint Broker)

Tel: + 44 207 796 8800



XCAP Securities

Jon Bellis/Halimah Hussain (Joint Broker)

Tel: + 44 207 101 7070



Bishopsgate Communications

Nick Rome

Tel: + 44 20 7562 3350



Notes to editors:

YuuZoo Corporation is a fast-growing global mobile media company, with a full focus on Targeted Social Networks. YuuZoo has developed a vertically integrated, patent-pending service offering where Targeted Mobile Social Networks, mobile content, services and merchandise, mobile payments, and advanced mobile technology platforms combine to leverage off the growth in global demand for mobile and online content, services and commerce.

YuuZoo's vertically integrated service offering and franchise model has enabled YuuZoo to achieve faster growth in subscribers and earnings than companies with a traditional business model or focus on specific market segments.

Territories such as India, China, South East Asia, the Middle East and Africa, where mobile penetration significantly exceeds fixed line penetration, will provide many consumers with their first experience of the internet via their mobile phone.

Entering these fast growing developing markets is difficult without strong local partnerships. YuuZoo has established strong partnerships with leading local players in key markets. This has given the Company a first-mover advantage, and has created strong barriers to entry for any competitor trying to duplicate YuuZoo's market entry model.


This information is provided by RNS
The company news service from the London Stock Exchange
END
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RNS Number : 2740Q Media Corporation PLC 05 November 2012 5th November 2012 Media Corporation Plc (the "Company") New social media offering Media Corporation plc, the AIM quoted digital advertising and online gaming group, is pleased to announc...
NOV 2 2012

Placing and Change of Accounting Reference Date

RNS Number : 1513Q
Media Corporation PLC
02 November 2012



2 November 2012

Media Corporation Plc

("Media Corporation" or the "Company")

Placing and Subscription to Raise £600,000

Change of Accounting Reference Date

Media Corporation, the AIM quoted digital advertising network and online gaming group, is pleased to announce that it has raised £600,000 before expenses, through a conditional placing of 157,500,000 new ordinary shares (the "Placing") and subscription for 142,500,000 new ordinary shares (the "Subscription"). The shares to be issued in conjunction with the Placing and Subscription, to certain institutional and other investors and directors of the Company, will be issued at a price of 0.2p per share. The proceeds of the Placing and Subscription will be used to help fund the launch of Intabet, the Company's online gaming platform, and to provide general working capital for the Company.

Pursuant to the Subscription, new ordinary shares will be issued to Adam Fraser-Harris, Interim CEO of the Company, and Phil Jackson, Chairman of the Company (together, the "Directors"). The individual subscriptions by the Directors and their resultant holdings are set out below.

Director

Shares to be issued pursuant to the Subscription

Total resultant shareholding in the Company

Total percentage shareholding (%)

Adam Fraser-Harris

20,000,000*

23,433,811

2.62

Phil Jackson

15,000,000

18,433,811

2.06

* The shares issued to Mr Fraser-Harris will be held via Westerhall Consultants Limited, a company wholly owned by Mr Fraser-Harris and his wife.

The issue of shares to the Directors as described above and the issue of 80,000,000 shares pursuant to the Subscription to Christopher O'Neill, a substantial shareholder in the Company (to be held via Jellatech Holdings Limited, a company wholly owned by Mr O'Neill), is deemed a related party transaction under the AIM Rules for Companies. The independent directors (being the directors of the Company with the exception of Adam Fraser-Harris and Phil Jackson) having consulted with Northland Capital Partners Limited (in its capacity as the Company's Nominated Adviser) consider that the terms of the issue of shares to the Directors and to Mr O'Neill pursuant to the Subscription are fair and reasonable insofar as the shareholders of the Company are concerned.

Application will be made to the London Stock Exchange for the new ordinary shares of 0.1p each to be admitted to trading on AIM. Admission is expected to occur and dealings are expected to commence at 8.00am on 7 November 2012. Following the issue of the new ordinary shares, the enlarged issued ordinary share capital of the Company is 894,625,034 ordinary shares of 0.1p each. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

Change of Accounting Reference Date

Media Corporation confirms that it has changed its accounting reference date from 30 September to 31 December, however the Company's current reporting timetable will not change and accordingly, the Company will publish its audited financial report and accounts for the 15-month period to 31 December 2012 by no later than 31 March 2013. Thereafter, the Company will revert to the timetable set out in the AIM Rules for Companies with interim results to 30 June being released within three months of the period end and annual results to 31 December being published within six months of the year end.

Commenting on the Placing and Subscription, Phil Jackson, Chairman of the Company, said:

"I am pleased that we have been able to secure these funds, particularly against a background of very difficult fund raising conditions. The message from investors and across the City has been very clear, with our unique betting platform, we have an exciting future ahead of us, and the launch of Intabet, is our primary focus. Additionally Eyeconomy, our digital media business, continues to improve and our new sales team are making traction, winning new business and creating valuable new alliances with agencies, media owners and brand owners."

--END--

Media Corporation Plc

Phil Jackson - Chairman

Adam Fraser-Harris - Interim CEO

Tel: +44 207 618 9000



Northland Capital Partners Limited

Luke Cairns / Lauren Kettle (Nominated Adviser)

John Howes (Joint Broker)

Tel: +44 207 796 8800



XCAP Securities Limited

Jon Belliss /Halimah Hussain (Joint Broker)

Tel: +44 207 101 7070



Bishopsgate Communications

Nick Rome

Tel: +44 207 562 3350


This information is provided by RNS
The company news service from the London Stock Exchange
END
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RNS Number : 1513Q Media Corporation PLC 02 November 2012 2 November 2012 Media Corporation Plc("Media Corporation" or the "Company") Placing and Subscription to Raise £600,000 Change of Accounting Reference Date Media Corporation, the AIM quot...
OCT 22 2012

New Strategic Partnership

RNS Number : 2381P
Media Corporation PLC
22 October 2012



22 October 2012

Media Corporation PLC

(the "Company")

New Strategic Partnership

Media Corporation PLC, the AIM quoted digital advertising and online gaming group, is pleased to announce that Eyeconomy, its digital advertising agency, has entered into a strategic alliance agreement (the "Agreement") with leading advertising and brand experts, BLAC.

Under the scope of the Agreement Eyeconomy and BLAC will mutually market and refer one another's services to their respective clients. BLAC's clients include Ansell's SKYN condoms; Leitz Esselte, Rapid; Swan Hellenic, Voyages of Discovery; Sacla Pesto Sauces; Countryside Alliance; Hippodrome Casino and Tie Rack Europe among others.

Mark Butt, Managing Director, Eyeconomy said:

"For too long digital media has been bought and sold on a commodity basis - at Eyeconomy we have exclusive access to a highly targeted consumer groups that enable leading brands to reach the consumers they need to reach and we are very excited to be working with BLAC and the potential of providing our services to their existing and future clients. By getting involved with brands at the campaign planning stages we are able to offer better service and results."

Neil Campbell, CEO of BLAC Agency commented:

"The partnership with Eyeconomy, which we are calling BLAC-EYE, allows my team to put together complete and in depth plans for our customers that link campaigns across all media, something that adds real value to the brands. BLAC-EYE is one in the eye for lumbering monolith agencies. What we offer has digital planning, creative and media abilities that play to our strengths making the union stronger when operating as one team delivering for our customers."

Contacts:

Media Corporation Plc

Phil Jackson - Chairman

Adam Fraser-Harris - Interim CEO

Tel: +44 207 618 9000

BLAC Agency

Neil Campbell - CEO

Tel: +44 207 379 7799

Northland Capital Partners Limited

Luke Cairns / Lauren Kettle (Nominated Adviser)

John Howes (Joint Broker)

Tel: + 44 207 796 8800



XCAP Securities

Jon Belliss

Tel: + 44 207 101 7070



Bishopsgate Communications

Tel: + 44 207 562 3350

Nick Rome



This information is provided by RNS
The company news service from the London Stock Exchange
END
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RNS Number : 2381P Media Corporation PLC 22 October 2012 22 October 2012 Media Corporation PLC (the "Company") New Strategic Partnership Media Corporation PLC, the AIM quoted digital advertising and online gaming group, is pleased to announce th...
OCT 15 2012

Contract Extension

RNS Number : 7025O
Media Corporation PLC
15 October 2012



15 October 2012

Media Corporation PLC

(the "Company")

Contract Extension

Media Corporation PLC, the AIM quoted digital advertising and online gaming group, is pleased to announce that Eyeconomy, its digital advertising agency, has further extended its exclusive agreement with Northern and Shell through to February 2014.

The renewal agreement sees Eyeconomy reappointed as sole representative for advertising space across the Northern and Shell portfolio of websites.

Eyeconomy has the exclusive rights to sell advertising space across their online portfolio, which includes websites for leading publications such as The Daily Express, The Daily Star, OK Magazine, and Star Magazine - giving access to a diverse and valuable audience for Eyeconomy's clients.

Phil Jackson, Chairman, commented: "Northern and Shell are one of the UK's leading publishers and our continuing relationship with them means that we are able to give brand owners and advertising agencies targeted access to this wide ranging and highly valued audience."

Contacts:

Media Corporation Plc

Phil Jackson - Chairman

Adam Fraser-Harris - Interim CEO

Tel: +44 207 618 9000



Northland Capital Partners Limited

Luke Cairns / Lauren Kettle (Nominated Adviser)

John Howes (Joint Broker)

Tel: + 44 207 796 8800



XCAP Securities

Jon Belliss

Tel: + 44 207 101 7070



Bishopsgate Communications

Tel: + 44 207 562 3350

Nick Rome



This information is provided by RNS
The company news service from the London Stock Exchange
END
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RNS Number : 7025O Media Corporation PLC 15 October 2012 15 October 2012 Media Corporation PLC (the "Company") Contract Extension Media Corporation PLC, the AIM quoted digital advertising and online gaming group, is pleased to announce that Eyec...
OCT 8 2012

Issue of Equity

RNS Number : 2040O
Media Corporation PLC
08 October 2012



8 October 2012

Media Corporation Plc


(the "Company
")

Issue of Equity

Media Corporation, the AIM quoted digital advertising and online gaming group, announces that 1,818,181 ordinary shares of 0.1p each were issued and allotted on 5th October 2012 for the value of £10,000 based on the closing price on the 4th October 2012 being 0.55p, in connection with the settlement of a compromise agreement with a former employee of the Group.

Application will be made to the London Stock Exchange for the new ordinary shares of 0.1p each to be admitted to trading on AIM. Admission is expected to occur and dealings are expected to commence at 8.00am on 12 October 2012.

Following the issue of the new ordinary shares, the enlarged issued ordinary share capital of the Company is 594,625,034 ordinary shares of 0.1p each. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

--END--

Media Corporation Plc

Phil Jackson - Chairman

Adam Fraser-Harris - Interim CEO

Tel: +44 207 618 9000



Northland Capital Partners Limited

Luke Cairns / Lauren Kettle (Nominated Adviser)

Tel: + 44 207 796 8800



XCAP Securities

Jon Belliss (Joint Broker)

Tel: + 44 207 101 7070



Bishopsgate Communications

Tel: + 44 207 562 3350

Nick Rome






This information is provided by RNS
The company news service from the London Stock Exchange
END
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RNS Number : 2040O Media Corporation PLC 08 October 2012 8 October 2012 Media Corporation Plc(the "Company") Issue of Equity Media Corporation, the AIM quoted digital advertising and online gaming group, announces that 1,818,181 ordinary shares ...
OCT 2 2012

Change of Registered Office

RNS Number : 7525N
Media Corporation PLC
02 October 2012



02 October 2012

Media Corporation Plc

(the "Company")

Change of Registered Office

The Board of Media Corporation Plc announces that the Company's registered office has changed to 49 Carnaby Street, City of Westminster, London, W1F 9PY.

Commenting, Phil Jackson, Chairman of Media Corporation Plc, said:

"I am thrilled to have moved to the West End. Not only does the move provide more competitive rental payments, but it puts us in closer proximity to our peers and customers in the media and gaming industries."

-End-

For further information, please contact:

Media Corporation Plc Tel: +44 20 7618 9000

Phil Jackson - Chairman

Adam Fraser-Harris - Interim CEO

Northland Capital Partners Limited Tel: + 44 20 7796 8800

Luke Cairns/ Lauren Kettle (Nominated Advisor)

John Howes (Joint Broker)

XCAP Securities Tel: + 44 207 101 7070

Jon Belliss/ Karen Kelly (Joint Broker)

Bishopsgate Communications Tel: + 44 20 7562 3350

Nick Rome/ Sam Allen/ Matt Low

Mediacorp@bishopsgatecommunications.com


This information is provided by RNS
The company news service from the London Stock Exchange
END
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RNS Number : 7525N Media Corporation PLC 02 October 2012 02 October 2012 Media Corporation Plc (the "Company") Change of Registered Office The Board of Media Corporation Plc announces that the Company's registered office has changed to 49 C...
AUG 20 2012

Issue of Equity

RNS Number : 4002K
Media Corporation PLC
20 August 2012



20 August 2012

Media Corporation Plc


(the "
Company")

Issue of Equity

Media Corporation, the AIM quoted digital advertising network and online gaming group, announces that 50,000,000 ordinary shares of 0.1p each have today been issued and allotted following an exercise of warrants by the Company's loan facility provider, further details of which were announced on 10 August 2012. The exercise provides the Company with a further £200,000, strengthening its working capital position.

Application will be made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM. Admission is expected to occur and dealings are expected to commence at 8.00am on 24 August 2012.

While the shareholdings of the Directors of Media Corporation (the "Directors") and their interests remain the same, following the issue of the new ordinary shares and as a result of the increase of shares in issue, the revised percentage holdings of the Directors are as follows:

Director

Total number

of shares

held

Percentage of

issued share

capital held

Phil Jackson


3,433,811


0.58

Adam Fraser-Harris


3,433,811


0.58

Mark Butt


3,000,000


0.51

John Palmer


650,000


0.11



10,517,622


1.78

Following the issue of the new ordinary shares, the enlarged issued ordinary share capital of the Company is 592,806,853 ordinary shares of 0.1p each. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

--END--

Media Corporation Plc

Phil Jackson - Chairman

Adam Fraser-Harris - Interim CEO

Tel: +44 207 618 9000



Northland Capital Partners Limited

Luke Cairns / Lauren Kettle (Nominated Adviser)

Tel: + 44 207 796 8800



XCAP Securities

Jon Belliss / Karen Kelly (Joint Broker)

Tel: + 44 207 101 7070



Bishopsgate Communications

Tel: + 44 207 562 3350

Nick Rome






This information is provided by RNS
The company news service from the London Stock Exchange
END
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RNS Number : 4002K Media Corporation PLC 20 August 2012 20 August 2012 Media Corporation Plc(the "Company") Issue of Equity Media Corporation, the AIM quoted digital advertising network and online gaming group, announces that 50,000,000 ordinary...
AUG 17 2012

Director/PDMR Shareholding

RNS Number : 2166K
Media Corporation PLC
17 August 2012



17 August 2012

Media Corporation Plc


("Media Corporation" or the "
Company")

Director Shareholding

Media Corporation, the AIM quoted digital advertising network and online gaming group, announces that Mark Butt, executive director of the Company, yesterday purchased 3,000,000 ordinary shares of 0.1p each in the capital of Company, at a price of 0.6p per share. The purchase, equivalent to approximately 0.59 per cent. of the currently issued share capital of Media Corporation, represents Mr Butt's entire holding.

--END--

Media Corporation Plc

Phil Jackson - Chairman

Adam Fraser-Harris - Interim CEO

Tel: +44 207 618 9000



Northland Capital Partners Limited

Luke Cairns / Lauren Kettle (Nominated Adviser)

Tel: + 44 207 796 8800



XCAP Securities

Jon Belliss / Karen Kelly (Joint Broker)

Tel: + 44 207 101 7070



Bishopsgate Communications

Nick Rome


Tel: + 44 207 562 3350





This information is provided by RNS
The company news service from the London Stock Exchange
END
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RNS Number : 2166K Media Corporation PLC 17 August 2012 17 August 2012 Media Corporation Plc("Media Corporation" or the "Company") Director Shareholding Media Corporation, the AIM quoted digital advertising network and online gaming group, annou...
AUG 15 2012

Issue of Equity

RNS Number : 1109K
Media Corporation PLC
15 August 2012

15th August 2012

Media Corporation Plc


(the "
Company")

Issue of Equity

Media Corporation, the AIM quoted digital advertising network and online gaming group, announces that 33,670,974 ordinary shares of 0.1p each have today been issued and allotted, 15,000,000 of which relate to the settlement with CD Casino Limited, previously announced, and the balance of 18,670,974 is in lieu of cash payments of approximately £100,000 to other parties for contractual obligations for services provided to the Company and its subsidiaries.

Application will be made to the London Stock Exchange for the new ordinary shares of 0.1p each to be admitted to trading on AIM. Admission is expected to occur and dealings are expected to commence at 8.00am on 21st August 2012

While the shareholdings of the Directors of Media Corporation (the "Directors") and their interests remain the same, following the issue of the new ordinary shares and as a result of the increase of shares in issue, the revised percentage holdings of the Directors are as follows:

Director

Total number

of shares

held

Percentage of

issued share

capital held

Phil Jackson


3,433,811


0.63

Adam Fraser-Harris


3,433,811


0.63

Mark Butt


-


-

John Palmer


650,000


0.12



7,517,622


1.38

Following the issue of the new ordinary shares, the enlarged issued ordinary share capital of the Company is 542,806,853 ordinary shares of 0.1p each. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

--END--

Media Corporation Plc

Phil Jackson - Chairman

Adam Fraser-Harris - Interim CEO

Tel: +44 207 618 9000



Northland Capital Partners Limited

Luke Cairns / Lauren Kettle (Nominated Adviser)

Katie Shelton (Joint Broker)

Tel: + 44 207 796 8800



XCAP Securities

Jon Belliss / Karen Kelly (Joint Broker)

Tel: + 44 207 101 7070



Bishopsgate Communications

Tel: + 44 207 562 3350

Nick Rome






This information is provided by RNS
The company news service from the London Stock Exchange
END
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RNS Number : 1109K Media Corporation PLC 15 August 2012 15th August 2012 Media Corporation Plc(the "Company") Issue of Equity Media Corporation, the AIM quoted digital advertising network and online gaming group, announces that 33,670,974 ordinar...
AUG 10 2012

Trading Update

RNS Number : 7261J
Media Corporation PLC
10 August 2012

10 August 2012

Media Corporation Plc

(the "Company")

Trading Update

Media Corporation Plc, the AIM quoted digital advertising network and online gaming group, is pleased to announce solid commercial progress in both its divisions and also in terms of its funding position.

Highlights

· Eyeconomy, Media Corporation's digital advertising agency, extends exclusive agreement with Digital Sports Group for a further two years

· Intabet, the Company's unique online gaming platform, signs deal with Totepool.com

· Media Corporation agrees revised terms to the loan facility announced in May 2012

Eyeconomy, its digital advertising agency, has extended its exclusive agreement with Digital Sports Group ("DSG") for a further two years following the renewal of its agreement. The renewal agreement sees Eyeconomy reappointed as sole representative for advertising space across the Digital Sports Group portfolio of websites. Eyeconomy has the exclusive rights to sell advertising space across their portfolio, as well as providing ad serving to DSG. Their portfolio includes leading sports focused sites such as footymad.net; football.co.uk; rugby.co.uk; tennis.co.uk; boxing.co.uk; golf.co.uk and motorsport.co.uk among others, giving a total of some 150,000,000 impressions per month.

In addition Intabet, the Company's unique online gaming platform, has signed heads of terms with totepool.com to become one of Intabet's launch partners. With a heritage dating back to 1928 when it was founded by the UK government, totepool.com is part of the Betfred Group and the home of online pool betting. With over 500 betting shops and outlets at over 60 racecourses totepool.com is one of the industry's best known names. Intabet is aiming to deliver a truly innovative product to the world of bookmaking which offers the customer real value and our partners a fully managed new source of high quality customers. The Board is delighted to announce such a prestigious name as a launch partner and looks forward to providing further updates on the launch of the site in due course.

The Board of Media Corporation plc has also agreed revised terms to the loan facility announced in May 2012 including an extension for a further 12 months to 15 May 2014 and the issue of a warrant instrument that allows the loan provider to subscribe for up to £750,000 at a price of 0.4p. The warrants will be allotted to the lender in a 2-to-1 proportion to the amount of loan drawn down in £50,000 tranches and the warrants, once allotted, must be exercised on or before 31 December 2012, at which point the warrants, and the ability to be awarded any more on a draw down lapse. This gives the Company funding security due to the loan extension alongside the potential additional funding of up to £750,000 of equity investment before the 31 December 2012 to drive the Company forward. The Company intends to make the first draw down of £100,000 today and will be allotting the corresponding £200,000 of warrants later today.

Eddie Bennett, Head of totepool.com, said: "We are delighted to be a launch partner of Intabet. Football betting turnover is a key area that we want to grow in order to complement our market leading horse racing product. We're confident Intabet will offer convenient betting and excellent value to football fans whilst delivering high volumes of vetted bets directly to totepool.com. The model and platform are innovative and we are delighted to be there from the kick-off. We will continue to work with the team at Intabet as they add other sports betting opportunities to the site."

Adam Fraser-Harris, Interim CEO, commented: "Over the past two months we have been working hard to bring about real change, focusing on reducing costs and putting in place firm foundations upon which to build value back into Media Corporation. The announcement of these two agreements with market leading players alongside the recent management team changes and the extension of our funding line are a reflection of some of that effort and the management team's growing confidence for the future and we look forward to making further announcements as and when appropriate."

Contacts:

Media Corporation Plc

Phil Jackson - Chairman

Adam Fraser-Harris - Interim CEO

Tel: +44 207 618 9000



Northland Capital Partners Limited

Luke Cairns / Lauren Kettle (Nominated Adviser)

Katie Shelton (Joint Broker)

Tel: + 44 207 796 8800



XCAP Securities

Jon Bellis / Karen Kelly (Joint Broker)

Tel: + 44 207 101 7070



Bishopsgate Communications

Tel: + 44 207 562 3350

Nick Rome



This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTUKRNRURAWRAR
RNS Number : 7261J Media Corporation PLC 10 August 2012 10 August 2012 Media Corporation Plc (the "Company") Trading Update Media Corporation Plc, the AIM quoted digital advertising network and online gaming group, is pleased to announce solid co...
AUG 2 2012

Director Appointment

RNS Number : 1103J
Media Corporation PLC
02 August 2012

2 August 2012

Media Corporation Plc

(the "Company")

Director Appointment

Media Corporation Plc, the AIM quoted digital advertising network and online gaming group, is pleased to announce the appointment of Mark Butt, managing director of Eyeconomy, to the board of Media Corporation plc as an executive director.

In addition the Company welcomes Clive Eplett who joins as head of finance.

Phil Jackson, chairman, commented "I would like to extend a warm welcome to the board to Mark Butt, who has been with the Company as managing director of Eyeconomy since 2007. Mark's appointment to the main board gives the digital advertising business the board level recognition it deserves, and Mark the opportunity to continue to build upon the solid foundations he has created in what is an exciting period for Eyeconomy.

"I would also like to welcome to the Company Clive Eplett, who steps into a newly created role of head of finance, Clive's objectives are to oversee the outsourcing of certain aspects of our finance functionalities and support the board in delivering its financial strategy of stability and growth."

Mr Butt has over 10 years' experience within digital media and technology. Starting his digital career as a media planner and buyer he has worked with leading brands including Unicef and Readers Digest. One of his first businesses became integrated into Lastminute.com, taking on global advertising sales across 13 countries. Mark has founded a number of pioneering businesses that have been subsequently acquired as a result of their success, including Monetise Ltd to Glam Media and (in 2007) NASH Digital/Interactive Consulting Ltd to Media Corporation plc. at which point he joined Eyeconomy Ltd. Mark has transformed Eyeconomy from a SubSite business to a market leader across multiple disciplines within the online sector. In addition to securing a number of key contracts like Express Newspapers, Northern & Shell Media Group, he launched Eyeconomy's IASH Network offering and serves on the steering committee for the Digital Trading Standards Group (DTSG). Further details are set out on Mark below.

Mr Eplett trained and qualified as a chartered accountant in 1984 with Deloitte Haskins & Sells and subsequently spent two years with Coopers & Lybrand before joining SFI Group plc in 1991 where he became finance director and subsequently joint managing director overseeing several acquisitions, admission to AIM and later to the Official List. He left SFI in September 2001 since when he has focussed on acting as either part-time or interim FD usually to growing businesses but often working with those facing difficulties, such as Fish! Plc. In this time, he has worked in a range of sectors from software to music research and product development to public sector conferences.

Mark Andrew Butt (34) is, or has within the past five years been, a director or partner of the following companies/partnerships:

Current directorships

Eyeconomy Limited

Previous directorships

5625767 Limited

In 2004 Butt Media Ltd, of which Mr Butt was a director, was put into compulsory liquidation and completed in June 2005.

No further information with respect to Mark Butt is required to be disclosed in accordance with Schedule Two (g) of the AIM Rules for Companies.

Contacts:

Media Corporation Plc

Phil Jackson - Chairman

Adam Fraser-Harris - Interim CEO

Tel: +44 20 7618 9000



Northland Capital Partners Limited

Luke Cairns / Lauren Kettle (Nominated Adviser)

John Howes (Joint Broker)

Tel: +44 20 7796 8800



XCAP Securities

Jon Belliss / Karen Kelly (Joint Broker)

Tel: +44 20 7101 7070



Bishopsgate Communications

Tel: +44 20 7562 3350

Nick Rome



This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAKMGGRVMLGZZM
RNS Number : 1103J Media Corporation PLC 02 August 2012 2 August 2012 Media Corporation Plc (the "Company") Director Appointment Media Corporation Plc, the AIM quoted digital advertising network and online gaming group, is pleased to announce the...
AUG 1 2012

Directorate Change

Media Corporation Plc

(the "Company")

Directorate Changes

Media Corporation Plc, the AIM quoted digital advertising network and online gaming group, announces that after five years of service Nilesh Jagatia has left the company as a director with immediate effect.

The board is in the process of finalising the appointment of further directors and senior staff that, it believes, will greatly strengthen the Company's management moving forward and it looks forward to making further announcements in due course.

Phil Jackson, Chairman, commented "I would like to thank Nilesh for five years of service to Media Corporation and wish him well as he pursues new opportunities."

Contacts:

Media Corporation Plc

Phil Jackson - Chairman

Adam Fraser-Harris - Interim CEO

Tel: +44 207 618 9000
Northland Capital Partners Limited

Luke Cairns / Rod Venables (Nominated Adviser)

Katie Shelton (Joint Broker)

Tel: + 44 207 796 8800
XCAP Securities

Jon Bellis / Karen Kelly (Joint Broker)

Tel: + 44 207 101 7070
Bishopsgate Communications Tel: + 44 207 562 3350
Nick Rome

Copyright Business Wire 2012

Media Corporation Plc (the "Company") Directorate Changes Media Corporation Plc, the AIM quoted digital advertising network and online gaming group, announces that after five years of service Nilesh Jagatia has left the company as a dire...
JUL 26 2012

Holding(s) in Company

26 July 2012

Media Corporation Plc

(the "Company")

Holdings in Company

The Company announces that, following notification received yesterday, Ian Blessed is now beneficially interested in 16,885,445 ordinary shares in the capital of the Company, equivalent to 3.32 percent of the voting share capital of the Company. Included in Mr. Blessed's holding are shares held by his wife, Elizabeth Anne Blessed and by Ian Blessed & Co IFC Limited, a company wholly owned by Mr. Blessed.

Contacts:

Media Corporation Plc

Tel: +44 20 7618 9000

Phil Jackson - Chairman

Adam Fraser-Harris - Interim CEO

Northland Capital Partners Limited Tel: + 44 20 7796 8800

Luke Cairns / Rod Venables (Nominated Adviser)

Katie Shelton (Joint Broker)

XCAP Securities Tel: + 44 207 101 7070

Jon Bellis / Karen Kelly (Joint Broker)

Bishopsgate Communications Tel: + 44 20 7562 3350

Copyright Business Wire 2012

26 July 2012 Media Corporation Plc(the "Company") Holdings in Company The Company announces that, following notification received yesterday, Ian Blessed is now beneficially interested in 16,885,445 ordinary shares in the capital of the C...
JUL 23 2012

Holding(s) in Company

Media Corporation Plc

(the "Company")

Holdings in Company

The Company announces that, following notification received on Friday 20th July, Andrew Presley now holds 17,199,533 ordinary shares in the capital of the Company, equivalent to 3.38 per cent. of the voting share capital of the Company.

Contacts:

Media Corporation Plc

Phil Jackson - Chairman

Adam Fraser-Harris - Interim CEO

Tel: +44 20 7618 9000
Northland Capital Partners Limited

Luke Cairns / Rod Venables (Nominated Adviser)

Katie Shelton (Joint Broker)

Tel: + 44 20 7796 8800
XCAP Securities

Jon Bellis / Karen Kelly (Joint Broker)

Tel: + 44 207 101 7070
Bishopsgate Communications Tel: + 44 20 7562 3350

Copyright Business Wire 2012

Media Corporation Plc (the "Company") Holdings in Company The Company announces that, following notification received on Friday 20th July, Andrew Presley now holds 17,199,533 ordinary shares in the capital of the Company, equivalent to 3...
JUL 20 2012

Settlement of legal claims

Media Corporation Plc ("Media Corp" or the "Group")

Settlement of legal claims

The Board of Media Corporation Plc is pleased to announce that it has reached a settlement agreement, with CD Casino Limited, in respect of the pending legal claim brought against Media Corp and its subsidiary Search Focus Limited in February 2012. In settlement the Group will issue CD Casino Limited with 15 million ordinary shares.

Following this announcement the Group has no further outstanding litigation.

Further announcements will be made as and when appropriate.

Contacts:
Media Corporation Plc Tel: +44 20 7618 9000
Phil Jackson - Chairman
Adam Fraser-Harris - Interim CEO
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nominated Adviser)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 20 7101 7070
Jon Bellis / Karen Kelly (Joint Broker)
Bishopsgate Communications

Tel: + 44 20 7562 3350

Nick Rome / Sam Allen - mediacorp@bishopsgatecommunications.com

Copyright Business Wire 2012

Media Corporation Plc ("Media Corp" or the "Group") Settlement of legal claims The Board of Media Corporation Plc is pleased to announce that it has reached a settlement agreement, with CD Casino Limited, in respect of the pending legal cl...
JUL 5 2012

Result of General Meeting and Admission of New Ordinary Shares to trading on AIM

Media Corporation Plc ("Media Corp" or the "Group")

Result of General Meeting and Admission of New Ordinary Shares to trading on AIM

Media Corporation Plc, the AIM quoted advertising network and online gaming group, announces that, at a General Meeting of the Company held today, all resolutions were duly passed, and in particular, a capital reorganisation ('Capital Reorganisation') of the Company's ordinary share capital had been approved.

As a result of the Capital Reorganisation, each existing ordinary share of 1p has been subdivided into 1 new ordinary share of 0.1p each ("New Ordinary Share") and 9 new deferred shares of 0.1p each ("New Deferred Shares"). In addition, each of the existing deferred shares has been subdivided into 40 New Deferred Shares.

Application has been made for 509,235,879 New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on 6 July 2012.

Following Admission, the Company's total issued share capital will comprise of 509,235,879 Ordinary Shares of 0.1p each. This figure may be used by shareholders in the Company as the denominator for calculating whether they are required to notify their interest in, or a change to their interest in, the issued ordinary share capital of the Company following Admission.

Contacts:

Media Corporation Plc Tel: +44 20 7618 9000
Phil Jackson - Chairman
Adam Fraser-Harris - Interim CEO
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nominated Adviser)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 207 101 7070
Jon Bellis / Karen Kelly (Joint Broker)
Bishopsgate Communications Tel: + 44 20 7562 3350

Copyright Business Wire 2012

Media Corporation Plc ("Media Corp" or the "Group") Result of General Meeting and Admission of New Ordinary Shares to trading on AIM Media Corporation Plc, the AIM quoted advertising network and online gaming group, announces that, at a Ge...
JUL 5 2012

Operations Update

Media Corporation Plc

("Media Corp" or the "Group")

Operations Update

The Board of Media Corporation plc is pleased to announce that it has reached agreement, with a number of parties, in respect of certain matters raised by the Company, principally concerning the sale of certain of its publishing assets in April 2012. Pursuant to the agreements which have been entered into, the Company will resume full ownership of a number of websites previously sold by the Company including www.onthebox.com and www.flightcomparison.com, as well as receiving a cash settlement of £196,000.

The Company believes that the websites that it has reacquired have the potential to be profitable and the Board will be working to ensure that maximum value is created from these sites in the future.

In addition, the Group estimates that c£80,000 of liabilities, relating to separate matters will be removed, across the Group.

The Board is committed to building shareholder value and we look forward to updating shareholders at today's General Meeting.

Further announcements will be made as and when appropriate.

--ENDS--

Contacts:

Media Corporation Plc

Tel: +44 20 7618 9000
Phil Jackson - Chairman
Adam Fraser-Harris - Interim CEO

Northland Capital Partners Limited

Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nominated Adviser)
Katie Shelton (Joint Broker)

XCAP Securities

Tel: + 44 207 101 7070
Jon Bellis / Karen Kelly (Joint Broker)

Bishopsgate Communications

Tel: + 44 20 7562 3350
Nick Rome/Sam Allen

mediacorp@bishopsgatecommunications.com

Copyright Business Wire 2012

Media Corporation Plc ("Media Corp" or the "Group") Operations Update The Board of Media Corporation plc is pleased to announce that it has reached agreement, with a number of parties, in respect of certain matters raised by the Company,...
JUN 29 2012

Application for admission to trading on AIM of New Ordinary Shares following a Capital Reorganisation

Media Corporation Plc

('Media Corp' or the 'Company')

Application for admission to trading on AIM of New Ordinary Shares following a Capital Reorganisation

Media Corporation Plc, the AIM quoted advertising network and online gaming group, announces that application has been made for 509,235,879 new ordinary shares of 0.1p each ('New Ordinary Shares'), to be admitted to trading on AIM ('Admission'). It is expected that Admission will occur on 6 July 2012.

The New Ordinary Shares will be in issue following a capital reorganisation ('Capital Reorganisation'), if approved by shareholders at a general meeting of the Company ('General Meeting') which will be held on 5 July 2012.

Under the Capital Reorganisation, each of the existing 509,235,879 ordinary shares of 1p each in the Company will be sub-divided into one New Ordinary Share and 9 new deferred shares of 0.1p each ('New Deferred Shares'). In addition, each unissued ordinary share of 1p each comprised within the authorised capital of the Company will be sub-divided into one New Ordinary Share and that each existing deferred share of 4p each will be sub-divided into 40 New Deferred Shares.

Following Admission, the Company's total issued share capital will comprise 509,235,879 New Ordinary Shares. This figure may be used by shareholders in the Company as the denominator for calculating whether they are required to notify their interest in, or a change to their interest in, the issued ordinary share capital of the Company following Admission.

--ENDS--

Contacts:

Media Corporation Plc Tel: +44 20 7618 9000
Phil Jackson - Chairman
Adam Fraser-Harris- Interim CEO
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nominated Adviser)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 207 101 7070
Jon Bellis / Karen Kelly (Joint Broker)
Bishopsgate Communications Tel: + 44 20 7562 3350

mediacorp@bishopsgatecommunications.com

Copyright Business Wire 2012

Media Corporation Plc ('Media Corp' or the 'Company') Application for admission to trading on AIM of New Ordinary Shares following a Capital Reorganisation Media Corporation Plc, the AIM quoted advertising network and online gaming group...
JUN 22 2012

Shareholding Notification

Media Corporation Plc ("Media Corp" or the "Group")

Shareholding Notification

Media Corp today announces that is has been notified that on 20 June 2012 Jellatech Ltd purchased 21,117,241 ordinary shares of 1p each in the Company. Jellatech is a company entirely owned by Chris O'Neill. Following the purchase Jellatech and Chris O'Neill hold in aggregate 151,617,241 ordinary shares representing 29.77 % of the Company.

In addition, the Company has been notified that on the same date Justin Drummond sold 21,117,241 ordinary shares of 1p each in the Company. Following the disposal Justin Drummond no longer has a disclosable interest in the Company.

Contacts:

Media Corporation Plc

+44 20 7618 9000

Phil Jackson

Chairman

or

Adam Fraser-Harris

Interim CEO

or

Northland Capital Partners Limited

+ 44 20 7796 8800

Luke Cairns

or

Rod Venables

(Nominated Adviser)

or

Katie Shelton

Joint Broker

XCAP Securities

+ 44 207 101 7070

Jon Bellis

or

Karen Kelly

Joint Broker

Bishopsgate Communications

+ 44 20 7562 3350

Copyright Business Wire 2012

Media Corporation Plc ("Media Corp" or the "Group") Shareholding Notification Media Corp today announces that is has been notified that on 20 June 2012 Jellatech Ltd purchased 21,117,241 ordinary shares of 1p each in the Company. Jellatech...
JUN 12 2012

Holding(s) in Company

Media Corporation Plc ("Media Corp" or the "Group")

Shareholding Notification

Media Corp announces that Jason Drummond has notified the Company that he has sold 10,000,000 ordinary shares of 1p each in the Company. As a result, Jason Drummond no longer has a notifiable interest in the Company's issued ordinary share capital.

Contacts:

Media Corporation Plc Tel: +44 20 7618 9000
Phil Jackson - Chairman
Adam Fraser-Harris - Interim CEO
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nominated Adviser)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 207 101 7070
Jon Bellis / Karen Kelly (Joint Broker)
Bishopsgate Communications Tel: + 44 20 7562 3350

Copyright Business Wire 2012

Media Corporation Plc ("Media Corp" or the "Group") Shareholding Notification Media Corp announces that Jason Drummond has notified the Company that he has sold 10,000,000 ordinary shares of 1p each in the Company. As a result, Jason Drumm...
JUN 12 2012

Notice of General Meeting

12 June 2012

Media Corporation Plc ("Media Corp" or the "Group")

Notice of General Meeting

The Board of Media Corp announces that it has published and posted to Shareholders a circular for the purpose of convening a General Meeting on 5 July 2012 at which Resolutions relating to a Capital Reorganisation and Directors' authorities to allot shares will be proposed.

A copy of the circular is available to read at www.mediacorpplc.com, or in hard copy from the company's registered office.

Contacts

Media Corporation Plc

+44 20 7618 9000

Phil Jackson

Chairman

or

Adam Fraser-Harris

Interim CEO

or

Northland Capital Partners Limited

+ 44 20 7796 8800

Luke Cairns / Rod Venables (Nominated Adviser)

or

Katie Shelton (Joint Broker)

or

XCAP Securities

Jon Bellis / Karen Kelly (Joint Broker), + 44 207 101 7070

or

Bishopsgate Communications

Nick Rome, + 44 20 7562 3350

Copyright Business Wire 2012

12 June 2012 Media Corporation Plc ("Media Corp" or the "Group") Notice of General Meeting The Board of Media Corp announces that it has published and posted to Shareholders a circular for the purpose of convening a General Meeting on 5 ...
MAY 31 2012

Purple Lounge Trading Update

31 May 2012

Media Corporation Plc ("Media Corp" or the "Group")

Purple Lounge Trading Update

Following the acquisition of Intabet Limited, announced on 16 May 2012, Adam Fraser-Harris and Phil Jackson were appointed Interim CEO and Chairman respectively immediately following the departure of Justin Drummond (Previous Executive Chairman) and Sara Vincent (Previous MD of Purple Lounge and Interim CEO of Media Corporation). Since their appointment, Adam and Phil have been conducting a strategic and financial review of the enlarged Group.

It has become clear during the review that the financial and trading position of the Purple Lounge division is no longer tenable due to historic operational and financial failings within the business. Accordingly, it is with regret that the Board announces that it has made all of the staff within that division redundant and will be instructing lawyers to file the relevant documentation to put the relevant companies into liquidation.

The Board will specifically request that the appointed liquidators look into the financial arrangements within the Purple Lounge group of companies and to review the position as to player funds.

The Board regrets any corporate failings in the past and seeks to assure shareholders that it is exploring routes to try, in some way, to mitigate the expected player losses, though this is against a background where the Group has loaned well over £1m to the division since its acquisition in October 2009. The Board does not believe that the Group will incur any further liabilities in respect of Purple Lounge over and above the realisation of the above loan.

Notwithstanding the difficult decision it has made, the Board believes that it can put the poor trading of Purple Lounge behind it and will be working to bring the Group back to profitability, as quickly as possible.

Further announcements will be made as and when appropriate.

Contacts: Media Corporation Plc Tel: +44 20 7618 9000
Phil Jackson - Chairman
Adam Fraser-Harris - Interim CEO
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nominated Adviser)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 207 101 7070
Jon Bellis / Karen Kelly (Joint Broker)
Bishopsgate Communications Tel: + 44 20 7562 3350

Copyright Business Wire 2012

31 May 2012 Media Corporation Plc ("Media Corp" or the "Group") Purple Lounge Trading Update Following the acquisition of Intabet Limited, announced on 16 May 2012, Adam Fraser-Harris and Phil Jackson were appointed Interim CEO and Chair...
MAY 16 2012

Restoration - Media Corporation Plc

RNS Number : 4143D
AIM
16 May 2012



NOTICE

16/05/2012 7:30am

RESTORATION OF TRADING ON AIM

MEDIA CORPORATION PLC

The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 16/05/2012 7:30am, an announcement having been made.

Ordinary Shares of 1p each, fully paid (0052830)(GB0000528306)

If you have any queries relating to the above, please contact the company's nominated adviser 020 7796 8800.


This information is provided by RNS
The company news service from the London Stock Exchange
END
EXCGGUWWAUPPGQA
RNS Number : 4143D AIM 16 May 2012  NOTICE 16/05/2012 7:30am RESTORATION OF TRADING ON AIM MEDIA CORPORATION PLC The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 16/05/2012 7:30am, a...
MAY 16 2012

Half-yearly Report

Media Corporation Plc

("Media Corp" or the "Group")

Interim results for the six months ended 31 March 2012

The Board of Media Corp, the AIM quoted advertising network and gaming operator, is pleased to announce its interim results for the period ended 31 March 2012.

Financial Highlights

  • Revenues of £16.7 million (2011: £13.3 million) an increase of 26%
  • Gross profit of £1.9 million (2011: £2.6 million) a decrease of 27%
  • Loss before tax of £1.3 million (2011: Loss £437,000).
  • Cash balances of £0.52 million (March 2011: £1.5. million)

Justin Drummond, Chairman of Media Corp, commented:

"This has been a very difficult period for the Group, though I believe with the acquisition of Intabet Limited together with further financing, announced today, the Group can now look forward. I am stepping down today, following the announcement of the Intabet acquisition and I am confident that in Phil Jackson and Adam Fraser Harris, who are being appointed as Chairman and Interim CEO respectively, the Group is in being left in experienced and capable hands.

I remain a major shareholder in Media Corp and believe that with the acquisition, new direction and senior management team the Group has an exciting and, I hope, a prosperous future ahead."

Contacts:

Media Corporation Plc Tel: +44 20 7618 9000
Phil Jackson, Chairman
Adam Fraser-Harris, Chief Executive Officer
Nilesh Jagatia, Finance Director
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nomad)
Katie Shelton (Broking)

XCAP Securities (Joint Broker) Tel: + 44 207 101 7070
Jon Bellis / Karen Kelly
Bishopsgate Communications Tel: + 44 20 7562 3350
Ivana Petkova / Nick Rome

mediacorp@bishopsgatecommunications.com

Chairman's Statement

Introduction

At the end of the last financial year, whilst the Group had made progress across certain divisions, the management was actively looking for further growth and further acquisitions. However, trading over the first half of the financial year has been very challenging and in the face of continued losses the Group has disposed of underperforming assets and has suspended Purple Lounge operations, as announced on 27 April.

Advertising Network

Trading at Eyeconomy in the first sixth months, whilst weaker than the same period last year, has remained profitable. It is anticipated that this division will continue to trade profitably as we continue to expand the number of websites and therefore advertising volumes under management.

Internet Gaming

Whilst revenues grew, losses increased significantly during the first sixth months of the financial year. This was largely due to us changing poker suppliers and negative press related to a legal action from CD Casino which is detailed below.

Since acquiring Purple Lounge the Company has invested over £900,000 in Purple Lounge. With the erosion of Purple Lounge's margin the continued financial support of Purple Lounge was becoming unsustainable and resulted in the suspension of the Casino and Poker room and, at the Group's request, the suspension of the Maltese gaming licence. We plan to restructure this business with a view to reducing costs significantly (a process which is already underway) whilst maintaining the existing customer base and player balances.

The suspension of Purple Lounge has resulted in the joint venture with the Hippodrome, as announced on 26 January 2012, to be put on hold whilst a full review of the Group's gaming operations is undertaken. The board remain in discussions with the Hippodrome in the hope of resurrecting the venture.

There will be further announcements made in relation to this restructuring in due course.

Internet Publishing

In keeping with its stated strategy of selling its underperforming publishing assets the Group announced the sale of www.onthebox.com, www.forexspace.com and associated domain names for an aggregate of £250,000 payable in cash on the 11 April 2012. The two sites were on the Group's balance sheet at £130,000 and so the sale represented a profit of £120,000 for Media Corp. In addition the directors estimate that the sale will save the Group approximately £350,000 per annum in staff and associated costs. Forexspace had only recently been launched and was yet to generate any material revenues for the Group and Onthebox was loss making in the year to September 2011.

Litigation

On 15 February 2012, the Company announced that it had received a claim form and particulars of claim (together the 'Claim') in respect of legal action taken against the Company and Search Focus Limited, a dormant subsidiary of the Company, by CD Casino.com Limited. The Claim is for in excess of £300,000 and is in respect of an agreement dating back to February 2007. The Board also announced that it had taken legal advice and considered the Claim to be spurious and without foundation and that it would be defended vigorously. The Company has filed a robust defence and would anticipate that this will finalise in favour of the Company in due course.

Acquisitions

Shareholders will be aware of the management's efforts to secure two substantial acquisitions in the gaming sector which led to press speculation as to the proposed acquisition of Gaming Media Group ("GMG") which in turn led to the suspension in trading of the Company's shares on 16 April 2012.

Whilst progress was made with this acquisition, discussions continued with the other potential acquisition. As announced today the decision was taken not to proceed with the GMG acquisition. Instead the Company has agreed to acquire Intabet Limited which could be achieved more swiftly and without the significant cost that would have been involved with the acquisition of GMG which would have been deemed a reverse takeover transaction under the AIM Rules for Companies.

Intabet Limited

The Company has today announced details of the acquisition of Intabet Limited ("Intabet"), a new and unique online betting platform, for a consideration of £1.53m million which would be satisfied by the issue to the vendors of 152,719,840 new ordinary shares of 1p in the Company.

As part of the acquisition of Intabet, Phil Jackson and Adam Fraser-Harris, part of the Intabet management team,, have agreed to join the Board of Media Corp with immediate effect as non-executive chairman and interim CEO respectively. In the light of the acquisition and the new Board appointments, myself and Sara Vincent have resigned from the Board with immediate effect and have left the Group.

Financing

The Company has also announced today that it has entered into a loan agreement to draw down up to £750,000 (the 'Loan') to provide working capital for Intabet and the enlarged group.

Consolidated Unaudited Income Statement

for the six months ended 31 March 2012

Six Months ended Six Months ended Year Ended
31 March 2012 31 March 2011 30 September 2011
(unaudited) (unaudited) (audited)
Revenue £'000 £'000 £'000
Total revenue 16,700 13,329 35,145
Cost of sales (14,785) (10,750) (29,416)
Gross profit 1,915 2,579 5,729
Administrative expenses (3,237) (3,017) (7,107)
Analysis of administrative expenses:
Distribution costs (1,701) (1,492) (3,801)
Administrative expenses (1,801) (1,525) (3,081)
Exceptional gain 265 (225)
(3,237) (3,017) (7,107)
Operating loss (1,322) (438) (2,866)
Finance income 1 1 1
Loss before income tax (1,321) (437) (2,865)
Income tax expense - - -
Loss from continuing activities attributable to equity holder of the Company. (1,321) (437) (2,865)

Loss per share attributable to equity holders of the Company

Pence per share Pence per share Pence per share
Basic (0.37p) (0.14p) (0.87p)
Diluted (0.37p) (0.14p) (0.88p)
Consolidated unaudited statement of recognised income and expense

for the six months ended 31 March 2012

Six Months ended Six Months ended Year Ended
31 March 2012 31 March 2011 30 September 2011
(unaudited) (unaudited) (audited)
£'000 £'000 £'000
Currency translation differences 66 62 (129)
Total income/(expense) recognised directly in equity 66 62 (129)
Loss for the year (1,321) (437) (2,865)
Total recognised (expense)/income for the year (1,255) (375) (2,994)
Consolidated unaudited balance sheet

as at 31 March 2012

Six Months ended Six Months ended Year Ended
31 March 2012 31 March 2011 30 September 2011
(unaudited) (unaudited) (audited)
£'000 £'000 £'000
Assets
Non current assets
Property, plant and equipment 241 100 18
Intangibles 2,857 6,153 3,038
Investments 187 188 191
3,285 6,441 3,247
Current assets
Trade and other receivables 653 1,999 913
Cash at bank and in hand 518 1,437 2,032
1,171 3,436 2,945
Total assets 4,456 9,877 6,192
Liabilities
Current liabilities
Trade and other payables (2,667) (4,476) (3,495)
Current tax liabilities - - -
(2,667) (4,476) (3,495)
Total liabilities (2,667) (4,476) (3,495)
Total assets less liabilities 1,789 5,401 2,697
Equity
Share capital 5,412 5,088 5,088
Share premium 13,150 13,118 13,118
Other Reserves 1,422 1,422 1,422
Translation reserves 434 647 368
Retained Earnings (18,629) (14,874) (17,299)
Total shareholders equity 1,789 5,401 2,697
Consolidated unaudited statement of changes in shareholders' equity

for the six months ended 31 March 2012

Group Share Share Currency Other Retained
capital premium translation reserves earnings Total
reserve
£000 £000 £000 £000 £000 £000
At 30 September 2009 4,798 12,943 536 1,422 (13,764) 5,935
Loss for the year - - - - (1,398) (1,398)
Share based payments - - - - 6 6
Currency translation differences - - (39) - - (39)
Sale of own shares - 154 - - 719 873
Issue of shares 290 21 - - - 311
At 30 September 2010 5,088 13,118 497 1,422 (14,437) 5,688
Loss for the year - - - - (2,865) (2,865)
Share based payments - - - - 3 3
Currency translation differences - - (129) - - (129)
Issue of shares - - - - - -
At 30 September 2011 5,088 13,118 368 1,422 (17,299) 2,697
Loss for the year - - - - (1,321) (1,321)
Share based payments

-

- - - (9) (9)
Currency translation differences

-

- 66 - - 66
Issue of shares 324 32 - - - 356
At 31 March 2012

5,412

13,150 434 1,422 (18,629) 1,789
Consolidated unaudited cash flow statements

for the six months ended 31 March 2012

Six Months ended Six Months ended Year Ended
31 March 2012 31 March 2011 30 September 2011
(unaudited) (unaudited) (audited)
£'000 £'000 £'000
Operating activities
Operating loss (1,197) (438) (1,378)
Depreciation and amortisation 125 185 186
Impairment of intangibles - - -
Decrease/(increase) in receivables 223 (1,330) (243)
Increase/(decrease) in payables (828) 1,038 55
Other cash movements 74 26 (49)
Taxes paid (125) - -
Share based payments - - -
Net cash (used in)/generated by operating activities (1,728) (519) (1,429)
Investing activities
Interest received 1 1 1
Purchase of property, plant and equipment (230) (56) (5)
Purchase of intangibles - (80) (161)
Disposal of Domain names -net sales proceeds - - 1,515
Net cash (used in)/generated by investing activities (229) (135) 1,350
Financing activities
Issue of share capital 356 - -
Net cash used in financing activities 356 - -
Net (decrease)/increase in cash and cash equivalents (1,601) (654) (79)
Cash and cash equivalents at beginning of period 2,032 2,153 2,153
Effects on exchange movements 87 (62) (42)
Cash and cash equivalents at end of period 518 1,437 2,032

Note: A further £250,000 was received on 4 April 2012 from the disposal of onthebox.com and forexspace.com.

Notes to the accounts

1. Basis of preparation

These consolidated interim financial statements of the Company and its subsidiaries ("the Group") for the six months ended 31 March 2012 have been prepared using accounting policies consistent with International Financial Reporting Standards (IFRSs). The same accounting policies, presentation and methods of computation are followed in the consolidated set of financial statements as applied in the Group's latest audited financial statements for the year ended 30 September 2011.

These consolidated interim financial statements do not constitute Statutory Accounts under the Companies Act 2006, have not been audited, and do not include all of the information required for full annual financial statements. They should be read in conjunction with the Group's consolidated annual financial statements for the year ended 30 September 2011. The auditors' opinion on those Statutory Accounts was unqualified and did not draw attention to any other matters required by the Companies Act 2006. The Statutory Accounts for the year ended 30 September 2011 have been delivered to the Registrar of Companies.

The comparative figures presented are for the six months ended 31 March 2011 and the year ended 30 September 2011

Revenue

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. Sales of goods are recognised when goods are delivered and title has passed. Sales of services are recognised when the service has been completed and invoiced to the customer.

Goodwill

The directors undertake an impairment review of goodwill at the end of each annual reporting period.

2. Segmental analyses

The Group's primary segment information is based on its operating divisions: Six Months ended Six Months ended Year Ended
31 March 2012 31 March 2011 30 September 2011
£'000 £'000 £'000
Turnover analysis by business segment:
Advertising Network 1,451 3,182 7,240
Internet Gaming 15,211 10,006 27,630
Internet Publishing 37 142 275
Total continuing operations 16,700 13,329 35,145
Trading profit
Advertising Network 8 109 (120)
Internet Gaming (417) 12 (283)
Internet Publishing (912) (559) (2463)
Operating loss (1,322) (438) (2,866)
Net finance income 1 1 1
Loss before income tax (1,321) (437) (2,865)
Income tax expense - - -
Loss from continuing activities (1,321) (437) (2,865)
Balance Sheet
Assets
Advertising Network 752 1,011 927
Internet Gaming 739 2,286 1,022
Internet Publishing 2,965 6,580 4,243
4,456 9,877 6,192
Liabilities
Advertising Network (914) (871) (1,933)
Internet Gaming (1,521) (3,344) (2,527)
Internet Publishing (232) (261) 965
(2,667) (4,476) (3,495)

3. Taxation

There is no provision for UK Corporation tax due to tax losses.

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Recognition of the deferred tax asset is limited to the extent that the company anticipates making sufficient taxable profits in the future to absorb the reversal of the underlying timing differences. The deferred tax balance has not been discounted. The Group has a deferred tax asset of £Nil (2011: £Nil).

4. Loss per share

Six Months ended Six Months ended Year Ended
31 March 2012 31 March 2011 30 September 2011
(unaudited) (unaudited) (audited)
£000 £000 £000
Loss for the purpose of basic and diluted earnings per share (1,321) (437) (2,865)
Numbers
Weighted average number of ordinary shares for the purpose of basic earnings per share 356,516,039 323,445,648 323,445,648
Effective of dilutive potential ordinary shares:
Share warrants 1,900,000 3,900,000 1,900,000
Weighted average number of ordinary shares for the purpose of diluted earnings per share 258,416,039 327,345,648 325,345,648
Pence Pence Pence
Loss per share - basic (0.37p) (0.14p) (0.87p)
Loss per share - diluted (0.37p) (0.14p) (0.88p)

5. Dividends

The Directors do not recommend the payment of a dividend.

6. Copies of interim results

Copies of the interim results are available at the Group´s web site at www.mediacorpplc.com. Copies may also be obtained from the Group´s registered office: Media Corporation plc, No1 Poultry, London EC2R 8JR.

Copyright Business Wire 2012

Media Corporation Plc("Media Corp" or the "Group") Interim results for the six months ended 31 March 2012 The Board of Media Corp, the AIM quoted advertising network and gaming operator, is pleased to announce its interim results for the p...
MAY 16 2012

Acquisition, Issue of Equity and Directorate Changes

Media Corporation Plc

('Media Corp' or the 'Company')

Media Corp acquires Intabet Limited

Acquisition, Issue of Equity and Directorate Changes

Media Corporation Plc, the AIM quoted advertising network and online gaming group, is delighted to announce the acquisition of Intabet Limited ('Intabet'), a new and unique online betting platform, for £1.53m (the 'Acquisition') to be satisfied by the issue of 152,719,840 new ordinary shares of 1p each (the 'Consideration Shares').

Phil Jackson and Adam Fraser-Harris, part of the management team of Intabet, have agreed to join the Board of Media Corp with immediate effect as non-executive chairman and interim CEO respectively. Further details on Phil and Adam are set out below. With the announcement of the Acquisition, Justin Drummond, Chairman, and Sara Vincent, Interim CEO, have resigned from the Board with immediate effect and have left the Group to pursue other interests.

In addition, the Company has entered into a loan agreement to draw down up to £750,000 (the 'Loan') to provide working capital for the Enlarged Group. Further details of the Loan are set out below.

About Intabet

Intabet is a new and unique online betting platform providing customers with access to a state of the art odds comparison site which enables the customers to seamlessly execute their bets with the best odds bookmaker - all through their single Intabet account. Whilst there are other odds comparison websites in the market it is this ability to execute bets through multiple bookmakers with one Intabet account that, the directors believe, makes Intabet unique in the online betting market.

The platform has been in development for approximately two years and has cost approximately £1.2m to develop. It has been designed with a view to cover all sports betting but will initially launch, at www.intabet.com, with a football focus. Intabet's launch for the 2012/13 football season is subject to the grant of a requisite gaming licence and final integrations.

Intabet's revenue model is based on receipts of an agreed percentage of all net losing bets placed with that particular bookmaker through Intabet. The majority of Intabet's core functions are outsourced with the result that Intabet is able to control its fixed costs.

With the restructuring of Purple Lounge now underway, the directors believe the acquisition of Intabet will allow the Company to re-establish a newly branded online casino and poker room to run alongside the new betting platform that Intabet provides. The directors are also hopeful that, despite the negative impact Purple Lounge's restructuring has had on the prospects for the Hippodrome deal, the purchase of Intabet may nevertheless allow that deal to proceed.

The Consideration Shares

As consideration for the Acquisition the Company has issued and allotted to the vendors of Intabet 152,719,840 new ordinary shares in the Company representing 29.99 per cent of the enlarged issued share capital of the Company.

Application has been made for the Consideration Shares to be admitted to trading on AIM ('Admission') and it is expected that Admission will occur on 20 May 2012. The Consideration Shares will be subject to a 6 month lock in agreement with the vendors of Intabet followed by a further 6 month orderly market agreement whereby the vendors will only be able to sell Consideration Shares through and with the permission of the Company and the Company's broker at that time. The Consideration Shares will rank pari passu in all respects with the existing ordinary shares.

Following Admission, the Company's total issued share capital will comprise of 509,235,879 ordinary shares of 1p each. This figure may be used by shareholders in the Company as the denominator for calculating whether they are required to notify their interest in, or a change to their interest in, the issued ordinary share capital of the Company following Admission.

The following table sets out the percentage holdings of the directors and, where known, the significant shareholders, in the enlarged issued ordinary share capital of the Company following the issue of the Consideration Shares:

Total number Percentage of
of shares held issued share

Director:

capital held
Phil Jackson 3,433,811 0.67%
Adam Fraser-Harris 3,433,811 0.67%
Nilesh Jagatia 840,345 0.17%
John Palmer 650,000 0.13%
Substantial Shareholder:
Christopher O'Neill 129,646,416 25.46%
Justin Drummond 24,117,241 4.74%
Jason Drummond 22,907,000

4.50%

Directorate Changes

Phil Jackson and Adam Fraser-Harris have joined the board as non-executive Chairman and interim CEO respectively with immediate effect.

Mr Jackson (42) has twenty years' experience in general management, sales and marketing. He held senior international marketing positions for United Health Group, driving their clinical research and data management group revenues from $50m to $1bn in the period 2004-2010. For the last two years, Phil has been advising on the corporate development of betting software group, Intabet, as well as advising specialist health analytics group, LA-SER, through international expansion. He is a founder of Docobo, a leading eHealthcare company, and founder and CEO of Jackson Beazeley Limited, a specialist manufacturer and international distributor of nursery products.

Mr Fraser-Harris (42) is a qualified chartered accountant and an experienced corporate financier and company director. He joined Intabet in January 2012 as CFO and has, over the last few months, been acting COO helping to drive the company to launch. He worked at Charterhouse Securities for four years until 2000 when he moved to become a Director at ING Baring Investment Bank. In 2004 he co-founded his own corporate finance operation which he built to profitability before taking on a series of finance director roles within technology related businesses. Following a period back in corporate finance at Baker Tilly, in 2011 he moved to set up his own consultancy and he now acts as a non-executive commercial/finance director to a number of technology businesses.

In accordance with the AIM Rules, further information in relation to Phil Jackson and Adam Fraser-Harris, which is required to be disclosed, is set out below. Save for the information disclosed, there is no other information falling to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies in relation to Phil Jackson and Adam Fraser-Harris.

Full Name and Age: Philip Ian Jackson (aged 42).

Nationality: British

Interest in the Company's Shares: At the date of this announcement, Phil Jackson has no interest in the ordinary shares of 1p each in Media Corp. Following the issue of the Consideration Shares, Phil Jackson will have a holding of 3,433,811 ordinary shares in the Company representing 0.67 per cent of the enlarged issued ordinary share capital of the Company.

Directorships and Partnerships: Phil Jackson has held the following directorships or partnerships within the last five years.

Current Previous
Jackson Beazley Limited Inta Stadia Limited
Eyoupay Limited

Full Name and Age: Adam Howard Fraser-Harris (aged 42).

Nationality: British

Interest in the Company's Shares: At the date of this announcement, Adam Fraser-Harris has no interest in the ordinary shares of 1p each in Media Corp. Following the issue of the Consideration Shares, Adam Fraser-Harris will have a holding of 3,433,811 ordinary shares in the Company representing 0.67 % per cent of the enlarged issued ordinary share capital of the Company.

Directorships and Partnerships: Adam Fraser-Harris has held the following directorships or partnerships within the last five years.

Current Previous
Westerhall Consultants Limited Yellowfin Limited
B C Capital Limited
Buchanans Property Limited

Justin Drummond and Sara Vincent have resigned from the Board with immediate effect and have left the Group to pursue other business interests.

The Loan

To help fund the Enlarged Group's working capital following the Acquisition, the Company has entered into a secured loan agreement for £750,000. The Loan, which can be drawn down immediately, is for a period of 12 months with interest payable at 10 per cent above the base lending rate from time to time of Barclays Bank plc and is secured over all intellectual property and company assets of the Company's wholly owned subsidiary, Eyeconomy Limited.

Phil Jackson, Chairman, commented: 'I am delighted to join the Board of Media Corp at this transitional, yet exciting, time for the Company. The acquisition of Intabet represents a huge opportunity to be involved with a betting platform that we believe could revolutionise the online betting market. The tie up with Media Corp and the access it provides to both the Purple Lounge user base and the online advertising and marketing expertise it has through Eyeconomy should give Intabet the best chance of success, on its launch later this year. I would also like to thank Justin Drummond and Sara Vincent for their many years' service to Media Corp and wish them well in their future endeavours. I look forward to providing further updates as and when appropriate.'

Contacts:

Media Corporation Plc Tel: +44 20 7618 9000
Phil Jackson - Chairman
Nilesh Jagatia - Group Finance Director
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nominated Adviser)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 207 101 7070
Jon Bellis / Karen Kelly (Joint Broker)
Bishopsgate Communications Tel: + 44 20 7562 3350

mediacorp@bishopsgatecommunications.com

Copyright Business Wire 2012

Media Corporation Plc('Media Corp' or the 'Company') Media Corp acquires Intabet Limited Acquisition, Issue of Equity and Directorate Changes Media Corporation Plc, the AIM quoted advertising network and online gaming group, is delighted...
MAY 16 2012

Termination of discussions with Gaming Media Group Limited

Media Corporation Plc

('Media Corp' or the 'Company')

Termination of discussions with Gaming Media Group Limited

Further to the announcement of 16 April 2012 about the proposed acquisition of Gaming Media Group Limited ("GMG") the directors announce that the board has decided not to proceed with the acquisition.

This has no bearing on the merits of GMG but rather, as announced previously, the board was also looking at another acquisition which is not a reverse takeover under the AIM Rules and, as such, is considered a preferable deal for the shareholders at this juncture. Further details will follow.

As a result of the termination of the discussions with GMG the suspension of trading in the existing ordinary shares in the Company will be lifted and trading will recommence at 7:30am today.

Contacts:

Media Corporation Plc Tel: +44 20 7618 9000
Justin Drummond - Chairman
Nilesh Jagatia - Group Finance Director
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nominated Adviser)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 207 101 7070
Jon Bellis / Karen Kelly (Joint Broker)
Bishopsgate Communications Tel: + 44 20 7562 3350

mediacorp@bishopsgatecommunications.com

Copyright Business Wire 2012

Media Corporation Plc('Media Corp' or the 'Company') Termination of discussions with Gaming Media Group Limited Further to the announcement of 16 April 2012 about the proposed acquisition of Gaming Media Group Limited ("GMG") the directors...
APR 27 2012

Purple Lounge Trading Update

Media Corporation Plc

("Media Corp" or the "Company")

Purple Lounge Trading Update

Further to the trading update of 11 April the Company provides the following trading update ahead of the publication of the interim financial results for the six months ended 31 March 2012.

In preparing the interim results it has become clear that the Purple Lounge is trading materially behind the same period of the previous financial year which will result in increased losses for the division and, as a result, the Company as a whole. The directors believe that Purple Lounge has suffered as a result of negative trade press (much of which the directors consider totally unfounded) particularly surrounding the litigation brought against one of the Company's subsidiaries by CD Casino.com Limited.

As a result of the recent losses, and resulting impact on the Company's cash position having continually funded the losses, the directors are in the process of considering a number of options for Purple Lounge as a means to control the losses and, in doing so, preserve the Company's cash and value in its other divisions. Media Corp has not received dividends or cash payments from Purple Lounge during its ownership and has loaned over £900k in the last few months. The options under consideration may be directly impacted by the outcome of the Company's stated intention of undertaking an acquisition or acquisitions. In the meantime the Company has temporarily suspended the site www.purplelounge.com.

As at 31 March the Company had cash balances of £400k with an additional £250k received on 4th April 2012 from the disposal of loss making publishing assets.

The directors hope to publish the full interim results by 31st May 2012.

Further announcements will be made as and when appropriate.

--ENDS--

Contacts:

Media Corporation Plc Tel: +44 20 7618 9000
Justin Drummond - Chairman
Nilesh Jagatia - Group Finance Director
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nominated Adviser)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 207 101 7070
Jon Bellis / Karen Kelly (Joint Broker)
Bishopsgate Communications Tel: + 44 20 7562 3350
Deepali Schneider

mediacorp@bishopsgatecommunications.com

Copyright Business Wire 2012

Media Corporation Plc ("Media Corp" or the "Company") Purple Lounge Trading Update Further to the trading update of 11 April the Company provides the following trading update ahead of the publication of the interim financial results for ...
APR 24 2012

Directorate Change

MEDIA CORPORATION PLC

("Media Corp" or the "Company")

Directorate Changes

Media Corporation Plc, the AIM quoted advertising network and online gaming group, announces that Chris Gorman has resigned from the board of Media Corp as Non-executive director with immediate effect to focus on his other business interests.

The board continues to pursue acquisition opportunities which would bring with them new management to strengthen the board.

--ENDS-

Contacts:

Media Corporation Plc Tel: +44 20 7618 9000
Justin Drummond - Chairman
Nilesh Jagatia - Group Finance Director
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nomad)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 207 101 7070
Jon Bellis (Joint Broker)
Bishopsgate Communications Tel: + 44 20 7562 3350
Deepali Schneider
mediacorp@bishopsgatecommunications.com

Further information on the Company can be found on the company's website, at www.mediacorpplc.com

Copyright Business Wire 2012

MEDIA CORPORATION PLC ("Media Corp" or the "Company") Directorate Changes Media Corporation Plc, the AIM quoted advertising network and online gaming group, announces that Chris Gorman has resigned from the board of Media Corp as Non-exe...
APR 16 2012

Proposed Acquisition and temporary suspension of trading on AIM

16th April 2012

Media Corporation Plc

("Media Corp" or the "Company")

Proposed Acquisition and temporary suspension of trading on AIM

Media Corp notes the press speculation over the weekend in respect of the proposed acquisition of Gaming Media Group Limited ("GMG"). The directors can confirm that they are in advanced discussions with GMG with a view to acquiring it. Were Media Corp to make the acquisition of GMG it would be deemed a reverse takeover under the AIM Rules for Companies ("AIM Rules") and be subject to shareholder approval.

The Company has yet to commence formal due diligence on GMG and, once heads of terms are signed, will take a period of time the outcome of which may result in the acquisition not proceeding. Assuming final terms are agreed, a shareholder circular comprising an Admission Document under the AIM rules would be sent to shareholder convening a general meeting to approve the acquisition.

The existing ordinary shares of the Company will be suspended from trading on AIM from 10:15am today. Trading in the existing ordinary shares will recommence at the earlier of the publication of its Admission Document in respect of the acquisition or confirmation that the Company is no longer proceeding with the acquisition.

GMG is an online gaming company which combines one of the world's largest TV channel dedicated to gaming and betting, The Poker Channel, with one of Europe's leading online gaming brands PokerHeaven.com. Further details of the acquisition and GMG will be set out in due course as and when heads of terms are agreed.

Further announcements will be made as and when appropriate.

Contacts:

Media Corporation Plc Tel: +44 20 7618 9000
Justin Drummond - Chairman

Sara Vincent - CEO

Nilesh Jagatia - Group Finance Director
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nomad)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 207 101 7070
John Grant / Karen Kelly (Joint Broker)
Bishopsgate Communications Tel: + 44 20 7562 3350
Deepali Schneider / Natalie Quinn

mediacorp@bishopsgatecommunications.com

Notes to editors:

Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group.

The Group has two principal divisions:

Online Gaming - Media owns Purple Lounge, www.purplelounge.com a leading European online poker casino operator. With over a 120,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service.

Advertising Network - Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express, www.eyeconomy.co.uk

Further information can be found on the company's website, at www.mediacorpplc.com

Copyright Business Wire 2012

16th April 2012 Media Corporation Plc ("Media Corp" or the "Company") Proposed Acquisition and temporary suspension of trading on AIM Media Corp notes the press speculation over the weekend in respect of the proposed acquisition of Gam...
APR 16 2012

Suspension - Media Corporation plc

RNS Number : 3832B
AIM
16 April 2012



NOTICE

16/04/2012 10.15am

TEMPORARY SUSPENSION OF TRADING ON AIM

MEDIA CORPORATION PLC

Trading on AIM for the under-mentioned securities has been temporarily suspended from 16/04/2012 10.15am, pending an announcement and publication of an admission document.

Ordinary shares of 1p each, fully paid (0052830)(GB0000528306)

If you have any queries relating to the above, please contact the company's nominated advisor on 020 7796 8800.


This information is provided by RNS
The company news service from the London Stock Exchange
END
EXCKMGMDRVLGZZG
RNS Number : 3832B AIM 16 April 2012  NOTICE 16/04/2012 10.15am TEMPORARY SUSPENSION OF TRADING ON AIM MEDIA CORPORATION PLC Trading on AIM for the under-mentioned securities has been temporarily suspended from 16/04/2012 10.15am, pending an...
APR 11 2012

Trading Update

Media Corporation Plc

("Media Corp" or the "Group")

Trading Update

Following the conclusion of the first half of the Media Corp's financial year at 31 March 2012 the Company is pleased to provide the following trading update.

In keeping with its stated strategy of selling its underperforming publishing assets the board is pleased to announce the sale of www.onthebox.com and www.forexspace.com and associated domain names for an aggregate of £250,000 payable in cash. The two sites are on the Group's balance sheet at £130,000 and so the sale represents a profit of £120,000 for Media Corp. In addition the directors estimate that the sale will save the Group approximately £350,000 per annum in staff and associated costs. Forexspace has only recently been launched and is yet to generate any material revenues for the Group and Onthebox was loss making in the year to September 2011.

Further to the announcement on 26 January 2012, Media Corp announces that, due to delays in the opening of the Hippodrome Casino, the launch date for the online Joint Venture has been delayed and is now expected to be in early summer as and when the Hippodrome Casino formally opens rather than 1 April 2012, as had previously been envisaged.

In addition, the board continues in the process of considering a couple of acquisitions which, if one or other were to conclude, may constitute a reverse takeover under the AIM Rules and, as a result, would require shareholder approval. The acquisitions in question are in the gaming sector and, if either completed, would bring with them a new senior management which the directors believe would help strengthen the board.

Sara Vincent, CEO, commented:

"The sale of onthebox.com and forexspace.com further reduces the loss making assets in our online publishing business whilst boosting our cash position. Eyeconomy continues to trade well and we look forward to provide a full update on it together with Purple Lounge in the publication of our interim results which we hope to be by early June. The board is working hard on the organic growth of the Group's various divisions and has made good progress towards realising a synergistic acquisition and looks forward to provide further updates as and when appropriate."

--ENDS--

Contacts:

Media Corporation Plc Tel: +44 20 7618 9000
Sara Vincent - CEO
Nilesh Jagatia - Group Finance Director
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nominated Adviser)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 207 101 7070
Jon Bellis / Karen Kelly (Joint Broker)
Bishopsgate Communications Tel: + 44 20 7562 3350
Deepali Schneider

mediacorp@bishopsgatecommunications.com

Notes to editors:

Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group.

The Group has two principal divisions:

Online Gaming - Media owns Purple Lounge, www.purplelounge.com a leading European online poker casino operator. With over a 120,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service.

Advertising Network - Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express, www.eyeconomy.co.uk

Further information can be found on the company's website, at www.mediacorpplc.com

Copyright Business Wire 2012

Media Corporation Plc ("Media Corp" or the "Group") Trading Update Following the conclusion of the first half of the Media Corp's financial year at 31 March 2012 the Company is pleased to provide the following trading update. In keepin...
FEB 29 2012

Directorate Change

29 February 2012

Media Corporation Plc

("Media Corp" or the "Company")

Directorate and Management Changes

Media Corporation Plc, the AIM quoted advertising network and online gaming group, announces that Sara Vincent has been appointed as interim Group CEO and Director of the Company with immediate effect. Sara currently heads up Purple Lounge Ltd, the gaming arm of Media Corp.

Sara has worked in online marketing and media for 14 years. She worked in Australia for two years with Galt Global Recruitment before returning to the UK and joining Media Corp in 2001. Initially, she was responsible for the start up and development of Casino.co.uk and the subsequent sale of that business for £3.6m in 2007. She was then appointed Commercial Director for the Publishing Division at Media Corp and for 2 years managed sites such as OntheBox.com, Sport.co.uk and Gambling.com. In October 2010, Sara was promoted to CEO of Purple Lounge Ltd, the gaming arm of Media Corp Plc. Purple Lounge Ltd has an annual turnover of £25m and is a well recognised and respected brand within the online poker industry.

In addition, with immediate effect, Alexander Hamilton has been appointed as a consultant to the Company and will provide advice and support to Sarah in the development of the Group's acquisition and corporate strategy going forward.

The above changes are a realignment of management as a prelude to the recruitment of a new industry-experienced CEO for the Group.

In accordance with the AIM Rules, further information in relation to Sara Vincent, which is required to be disclosed, is set out below. Save for the information disclosed, there is no other information falling to be disclosed under schedule two, paragraph (g) of the AIM Rules.

Full Name and Age: Sara Katherine Vincent (aged 37).

Nationality: British

Interest in the Company's Shares: Sara Vincent has no interest in the ordinary shares of 1p each in Media Corp

Directorships and Partnerships: Sara Vincent has not held any directorships or partnerships within the last five years.

--ENDS-

Contacts:

Media Corporation Plc Tel: + 44 20 7618 9000
Sara Vincent - CEO
Nilesh Jagatia - Group Finance Director
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nomad)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 207 101 7070
Karen Kelly (Joint Broker)
Bishopsgate Communications Tel: + 44 20 7562 3350
Deepali Schneider / Lynne Goulding

mediacorp@bishopsgatecommunications.com

Notes to editors:

Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group.

The Group has two principal divisions:

Online Gaming - Media owns Purple Lounge, www.purplelounge.com a leading European online poker casino operator. With over a 120,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service.

Advertising Network - Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express, www.eyeconomy.co.uk

Further information can be found on the company's website, at www.mediacorpplc.com

Copyright Business Wire 2012

29 February 2012 Media Corporation Plc ("Media Corp" or the "Company") Directorate and Management Changes Media Corporation Plc, the AIM quoted advertising network and online gaming group, announces that Sara Vincent has been appointed...
FEB 16 2012

Result of AGM

Media Corporation Plc

("Media Corp" or the "Company")

AGM Result

Media Corporation Plc, the AIM quoted advertising network and online gaming group, announces that at its AGM held today, with the exception of resolutions 3 and 4 which were withdrawn following the departure from the board of Jason Drummond and Stephen Pettman, all resolutions were duly passed.

Justin Drummond, Executive Chairman, commented:

"I am pleased with the way 2012 has started for Media Corp. At the end of January we announced a joint venture with the soon to be launched Hippodrome Casino. Media Corp is to provide a suite of online gaming products for the new casino. We expect to see increased revenues and plans for the launch of Hippodrome are progressing well.

Additionally we also announced the launch of Forexspace.com on 18th January 2012 in order to capitalise on the huge demand we have seen for Foreign Exchange related advertising. This fits with our stated goal to grow Eyeconomy's site representation division".

--ENDS-

Contacts:

Media Corporation Plc Tel: +44 20 7618 9000
Justin Drummond - CEO
Nilesh Jagatia - Group Finance Director
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nomad)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 207 101 7070
Karen Kelly (Joint Broker)
Bishopsgate Communications Tel: + 44 20 7562 3350
Deepali Schneider / Natalie Quinn

mediacorp@bishopsgatecommunications.com

Notes to editors:

Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group.

The Group has two principal divisions:

Online Gaming - Media owns Purple Lounge, www.purplelounge.com a leading European online poker casino operator. With over a 120,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service.

Advertising Network - Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express, www.eyeconomy.co.uk

Further information can be found on the company's website, at www.mediacorpplc.com

Copyright Business Wire 2012

Media Corporation Plc ("Media Corp" or the "Company") AGM Result Media Corporation Plc, the AIM quoted advertising network and online gaming group, announces that at its AGM held today, with the exception of resolutions 3 and 4 which wer...
FEB 16 2012

Directorate Change

MEDIA CORPORATION PLC

("Media Corp" or the "Company")

Directorate Changes

Media Corporation Plc, the AIM quoted advertising network and online gaming group, announces that Jason Drummond has stepped down from the board of Media Corp as Executive Chairman to focus on his other business interests. Justin Drummond has been appointed Executive Chairman and will continue to take charge of the day to day operations of the business until such time as an appropriate replacement CEO has been appointed.

Commenting on the changes, Justin Drummond stated:

"On behalf of the Board of Media Corp I would like to take this opportunity to thank Jason for all his work and contributions over the years to the Company and wish him every continued success in his other ventures. For the avoidance of doubt, Jason's departure from the Board has nothing to do with the spurious and baseless legal claim recently issued against the Company. As part of its restructuring, the Board has taken the decision to inject some new blood and ideas to the Company with the search for a new CEO to help build on the strong growth in Eyeconomy, the Purple Lounge platform and the other exciting prospects currently in hand such as our joint venture with the Hippodrome Casino."

As a result of the departure of Stephen Pettman and Jason Drummond from the Board, resolutions 3 and 4 as proposed in the circular for the Company's annual general meeting scheduled for today shall be withdrawn.

--ENDS-

Contacts:

Media Corporation Plc Tel: +44 20 7618 9000
Justin Drummond - Chairman
Nilesh Jagatia - Group Finance Director
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nomad)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 207 101 7070
Karen Kelly (Joint Broker)
Bishopsgate Communications Tel: + 44 20 7562 3350
Deepali Schneider / Natalie Quinn

mediacorp@bishopsgatecommunications.com

Notes to editors:

Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group.

The Group has two principal divisions:

Online Gaming - Media owns Purple Lounge, www.purplelounge.com a leading European online poker casino operator. With over a 100,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service.

Advertising Network - Acquired in 2004, Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express.

www.eyeconomy.co.uk

Further information can be found on the company's website, at www.mediacorpplc.com

Copyright Business Wire 2012

MEDIA CORPORATION PLC ("Media Corp" or the "Company") Directorate Changes Media Corporation Plc, the AIM quoted advertising network and online gaming group, announces that Jason Drummond has stepped down from the board of Media Corp as E...
FEB 15 2012

Media Corporation Plc

Media Corporation Plc

("Media Corp" or the "Company")

Litigation

Media Corporation Plc, the AIM quoted advertising network and online gaming group, announces that it has received a claim form and particulars of claim (together the 'Claim') in respect of legal action taken against the Company and Search Focus Limited, a dormant subsidiary of the Company, by CD Casino.com Limited. The Claim is for in excess of £300,000 and is in respect of an agreement dating back to February 2007.

The Board has taken legal advice and considers the Claim to be spurious and without foundation and will defend it vigorously. The Company has filed acknowledgement of service of the Claim confirming that it shall be defending these matters.

Further updates will be provided as appropriate.

--ENDS-

Contacts:

Media Corporation Plc Tel: +44 20 7618 9000
Justin Drummond - CEO
Nilesh Jagatia - Group Finance Director
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nomad)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 207 101 7070
Karen Kelly (Joint Broker)
Bishopsgate Communications Tel: + 44 20 7562 3350
Deepali Schneider / Natalie Quinn
mediacorp@bishopsgatecommunications.com

Notes to editors:

Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group.

The Group has two principal divisions:

Online Gaming - Media owns Purple Lounge, www.purplelounge.com a leading European online poker casino operator. With over a 120,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service.

Advertising Network - Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express, www.eyeconomy.co.uk

Further information can be found on the company's website, at www.mediacorpplc.com

Copyright Business Wire 2012

Media Corporation Plc ("Media Corp" or the "Company") Litigation Media Corporation Plc, the AIM quoted advertising network and online gaming group, announces that it has received a claim form and particulars of claim (together the 'Claim...
FEB 9 2012

Directorate Change

9 February 2012

MEDIA CORPORATION PLC

("Media Corp" or the "Company")

Directorate Changes

Media Corporation Plc, the AIM quoted advertising network and online gaming group, announces that Stephen Pettman has resigned from the board of Media Corp as a Non-Executive Director with immediate effect.

The board would like to take this opportunity to thank Stephen for his contributions and wish him well in his future endeavours.

--ENDS-

Contacts:

Media Corporation Plc Tel: +44 20 7618 9000
Justin Drummond - CEO
Nilesh Jagatia - Group Finance Director
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nomad)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 207 101 7070
John Grant / Karen Kelly (Joint Broker)
Bishopsgate Communications Tel: + 44 20 7562 3350
Deepali Schneider / Natalie Quinn

mediacorp@bishopsgatecommunications.com

Notes to editors:

Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group.

The Group has two principal divisions:

Online Gaming - Media owns Purple Lounge, www.purplelounge.com a leading European online poker casino operator. With over a 100,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service.

Advertising Network - Acquired in 2004, Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express.

www.eyeconomy.co.uk

Further information can be found on the company's website, at www.mediacorpplc.com

Copyright Business Wire 2012

9 February 2012 MEDIA CORPORATION PLC ("Media Corp" or the "Company") Directorate Changes Media Corporation Plc, the AIM quoted advertising network and online gaming group, announces that Stephen Pettman has resigned from the board of ...
JAN 30 2012

Publication of Report and Accounts and Notice of AGM - Replacement

The following replaces the announcement released on 30 January 2012 (under RNS number 130005738).

The change to the announcement is that the AGM date should be Thursday 16th February 2012 and not Monday 16th February 2012 as previously stated.

The full text of the amended announcement can be read below.

30th January 2012

Media Corporation Plc

("Media Corp" or the "Group")

Publication of Report and Accounts and Notice of AGM

Media Corporation plc last week published its Annual Report and Accounts for the year ended 30 September 2011 and Notice of Annual General Meeting, for the meeting scheduled to take place on Thursday 16th February 2012 at 11.00 a.m. at the offices of Northland Capital Partners Limited, 60 Gresham Street, London, EC2V 7BB.

These documents have been distributed to shareholders. Both documents are now available from the Company's website, www.mediacorpplc.com

--ENDS--

Contacts:

Media Corporation Plc Tel: +44 20 7618 9000
Justin Drummond - CEO
Nilesh Jagatia - Group Finance Director
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nomad)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 207 101 7070
John Grant / Karen Kelly (Joint Broker)
Bishopsgate Communications Tel: + 44 20 7562 3350
Deepali Schneider / Natalie Quinn

mediacorp@bishopsgatecommunications.com

Notes to editors:

Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group.

The Group has two principal divisions:

Online Gaming - Media owns Purple Lounge, www.purplelounge.com a leading European online poker casino operator. With over a 120,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service.

Advertising Network - Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express, www.eyeconomy.co.uk

Further information can be found on the company's website, at www.mediacorpplc.com

Copyright Business Wire 2012

The following replaces the announcement released on 30 January 2012 (under RNS number 130005738). The change to the announcement is that the AGM date should be Thursday 16th February 2012 and not Monday 16th February 2012 as previously state...
JAN 30 2012

Publication of Report and Accounts and Notice of AGM

Media Corporation Plc

("Media Corp" or the "Group")

Publication of Report and Accounts and Notice of AGM

Media Corporation plc last week published its Annual Report and Accounts for the year ended 30 September 2011 and Notice of Annual General Meeting, for the meeting scheduled to take place on Monday 16th February 2012 at 11.00 a.m. at the offices of Northland Capital Partners Limited, 60 Gresham Street, London, EC2V 7BB.

These documents have been distributed to shareholders. Both documents are now available from the Company's website, www.mediacorpplc.com

--ENDS--

Contacts:

Media Corporation Plc Tel: +44 20 7618 9000
Justin Drummond - CEO
Nilesh Jagatia - Group Finance Director
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nomad)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 207 101 7070
John Grant / Karen Kelly (Joint Broker)
Bishopsgate Communications Tel: + 44 20 7562 3350
Deepali Schneider / Natalie Quinn

mediacorp@bishopsgatecommunications.com

Notes to editors:

Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group.

The Group has two principal divisions:

Online Gaming - Media owns Purple Lounge, www.purplelounge.com a leading European online poker casino operator. With over a 120,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service.

Advertising Network - Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express, www.eyeconomy.co.uk

Further information can be found on the company's website, at www.mediacorpplc.com

Copyright Business Wire 2012

Media Corporation Plc("Media Corp" or the "Group") Publication of Report and Accounts and Notice of AGM Media Corporation plc last week published its Annual Report and Accounts for the year ended 30 September 2011 and Notice of Annual Gene...
JAN 26 2012

Joint venture with the Hippodrome Casino ("Hippodrome") and placing of 32,400,000 shares at a price of 1.1p per share

26th January 2012

Media Corporation Plc

("Media Corp" or the "Group")

Joint venture with the Hippodrome Casino ("Hippodrome") and placing of 32,400,000 shares at a price of 1.1p per share

Media Corp to provide online gaming to the new Hippodrome Casino

Media Corp, a leading gaming and advertising Group, is pleased to announce that it has today signed a contract with the Hippodrome, www.hippodromecasino.com to provide a suite of online gaming products, including online casino and poker games to the soon to be launched Hippodrome Casino. The Hippodrome Casino is a £40 million redevelopment of an iconic and historic venue to create a 90,000 square foot "international style casino" in the heart of London's West End. The new venue will have three gaming floors, a restaurant run by the One Group, 5 bars, a 2 tier smoking terrace and poker room as well as a 200 seat cabaret theatre and is anticipated to receive approximately 1 million visitors in its first year of operation.

The joint online venture which is on a revenue sharing basis is forecast to generate approximately 100,000 new customers per annum. Cash deposits in the first year of the contract are forecast to be circa £12 million in the first 12 months from launch on April 1st 2012.

The contract stipulates that Media Corp will provide a Hippodrome Casino branded online offering initially providing an online casino and poker. Further gaming products including Sports betting and Bingo will be added through the course of the year. Media Corp will maintain the software, all financial transactions and 24/7 customer support for the new venture. In addition, Hippodrome Casino customers will be able to make cash deposits and withdrawals from their online accounts through the actual Casino venue and the Directors believe this is a unique service in the UK casino market.

The new service will be heavily promoted by the Hippodrome Casino across a wide range of the Media, which will include outdoor, television and printed Media. In addition, there will on-site promotional vouchers and media at the physical casino offering extensive promotions to sign up and play online, and the casino will host off line finals for the online tournaments and offer a clubhouse for online customers.

In addition, the Company is also pleased to announce the placing of 32,400,000 ordinary shares of 1p shares at a price of 1.1p per share (the "Placing") raising a total of £356,400. The proceeds of this will be used to fund the initial set up costs of the Hippodrome Casino joint venture.

Included in the above placing, Justin Drummond, CEO of Media Corporation Plc acquired 2,400,000 Ordinary 1 Pence shares at 1.1p per share. Following the Placing Justin Drummond will have the following interest in the Company.

Director Total number

of shares

held

Percentage of

issued share

capital held

Justin Drummond, CEO *** 26,903,907 7.55%

***Justin Drummond's holding comprises a direct holding of 24,117,241 ordinary shares and an indirect holding of 2,786,666 ordinary shares held by his wife

Following the issue of the new ordinary shares, the enlarged issued ordinary share capital of the Company is 356,516,039 ordinary shares of 1p each. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

Application will be made for the Placing shares to be admitted to trading on AIM. It is expected that Admission will be effective and that dealing in the shares will commence on 31 January 2012.

Justin Drummond, CEO, Media Corporation plc, commented:

"This is a major deal for Media Corp, which will see the scale of Media Corp's online gaming business grow enormously. Whilst we already have a sizeable business in online poker, growth of our online casino business has been a particular focus for the Group. The deal will major step change for Media Corp as we build a significant presence in the UK and international online gaming market. The Board is also delighted that the placing to the maximum amount of the share authority was oversubscribed, demonstrating the belief that investors have in our continued growth."

Simon Thomas, Chairman, Hippodrome Casino:

"We are very excited about working with Media Corporation. We are creating something special with the Hippodrome that should start a new era in gambling led entertainment in the UK. We needed an online partner that was doing something special with online casinos, who reflected our standards and desire to do the basics superbly, but add a layer of fun and flair and we are proud to have Media Corporation as our online partner. Together we should be able to create something larger than the sum of the parts and give a new dimension to both businesses."

--ENDS--

Contacts:

Media Corporation Plc Tel: +44 20 7618 9000
Justin Drummond - CEO
Nilesh Jagatia - Group Finance Director
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nomad)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 207 101 7070
John Grant / Karen Kelly (Joint Broker)
Bishopsgate Communications Tel: + 44 20 7562 3350
Deepali Schneider / Natalie Quinn

mediacorp@bishopsgatecommunications.com

Notes to editors:

Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group.

The Group has two principal divisions:

Online Gaming - Media owns Purple Lounge, www.purplelounge.com a leading European online poker casino operator. With over a 120,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service.

Advertising Network - Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express, www.eyeconomy.co.uk

Further information can be found on the company's website, at www.mediacorpplc.com

Copyright Business Wire 2012

26th January 2012 Media Corporation Plc("Media Corp" or the "Group") Joint venture with the Hippodrome Casino ("Hippodrome") and placing of 32,400,000 shares at a price of 1.1p per share Media Corp to provide online gaming to the new Hip...
JAN 23 2012

Change of Registered Office

23 January 2012

Media Corporation Plc

("Media Corp" or the "Group")

Change of Registered Address

Media Corp, a leading advertising network and online gaming Group is pleased to announce that it has changed its registered office to No1 Poultry, London EC2R 8JR with immediate effect.

--ENDS--

Contacts:

Media Corporation Plc Tel: +44 20 7618 9000
Justin Drummond - CEO
Nilesh Jagatia - Group Finance Director
Northland Capital Partners Limited Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nomad)
Katie Shelton (Joint Broker)
XCAP Securities Tel: + 44 207 101 7070
John Grant / Karen Kelly (Joint Broker)
Bishopsgate Communications Tel: + 44 20 7562 3350
Deepali Schneider / Natalie Quinn
mediacorp@bishopsgatecommunications.com

Notes to editors:

Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group.

The Group has two principal divisions:

Online Gaming - Media owns Purple Lounge, www.purplelounge.com a leading European online poker casino operator. With over a 120,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service.

Advertising Network - Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express, www.eyeconomy.co.uk

Further information can be found on the company's website, at www.mediacorpplc.com

Copyright Business Wire 2012

23 January 2012 Media Corporation Plc ("Media Corp" or the "Group") Change of Registered Address Media Corp, a leading advertising network and online gaming Group is pleased to announce that it has changed its registered office to No1 ...
JAN 18 2012

Launch of Forexspace.com

18th January 2012

Media Corporation Plc

("Media Corp" or the "Group")

Launch of Forexspace.com

Media Corp's wholly owned subsidiary, Eyeconomy Limited ("Eyeconomy"), launches Forexspace.com to further capitalise on the huge demand for Foreign Exchange ("Forex") related advertising.

Media Corp, a leading advertising network and online gaming Group, is pleased to announce that its wholly owned subsidiary, Eyeconomy, the online advertising solutions provider, has today launched www.forexspace.com, to further capitalise on the huge demand for Forex trading based online advertising that Eyeconomy has seen during the past year. The website will launch with an initial advertising sponsorship contract worth £45,000 per month and, in addition, Eyeconomy is in advanced talks with a number of further advertisers to generate additional revenues for the site. The site was developed within the existing cost base and team and will be immediately cash generative for Eyeconomy.

Forexspace.com is a new Forex portal that offers all Forex content including live charts, technological and fundamental analysis on real time quotes. In addition, the site will offer users e-books, webinars, charts, economic calendar, tools and daily articles that can be used to follow all the processes of daily trading.

The site aims to build a Forex based community where people can share their own personal trading techniques. Expert analysts and traders will provide professional advice and their own view about market trends and the impact of economic news. Impartially reviewed and vetted online trading platforms will also be available to improve trading performance.

This is part of Eyeconomy's continued goal to grow its site representation division, through exclusive deals and ownership of sites that significantly increase its market reach. This division of Media Corp was significantly enhanced in June 2011 with the addition of the site representation contract with Digital Sports Group ("DSG") the owner a network of over 50 leading websites; including football.co.uk, cricket.co.uk, tennis.co.uk, boxing.co.uk, golf.co.uk and motorsport.co.uk. In addition, DSG owns the www.footymad.net, a leading fan based website. The combined monthly traffic generated by DSG is 6 million unique users and 150 million page impressions, which doubled the size of Eyeconomy's exclusive banner advertising network and has been earnings enhancing from the commencement of the contract on 1st August 2011.

Justin Drummond, CEO, Media Corporation plc, commented:

"2011 was a fantastic year for Eyeconomy with revenues rising to £7.3 million and a return to profitability. The launch of www.forexspace.com resulted from huge demand from Forex related advertisers and the need for more impartial Forex related destination websites for traders and consumers. We are aggressively expanding Eyeconomy and will look to sign more exclusive partnerships with publishers as we seek to expand the size and scope of the Eyeconomy advertising network".

Notes to editors:

Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group.

The Group has two principal divisions:

Online Gaming - Media owns Purple Lounge, www.purplelounge.com a leading European online poker casino operator. With over a 120,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service.

Advertising Network - Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express, www.eyeconomy.co.uk

Further information can be found on the company's website, at www.mediacorpplc.com

Media Corporation Plc

Justin Drummond, +44 20 7618 9000

CEO

or

Nilesh Jagatia, +44 20 7618 9000

Group Finance Director

or

Northland Capital Partners Limited

Luke Cairns / Rod Venables, + 44 20 7796 8800

Nomad

or

Katie Shelton, + 44 20 7796 8800

Joint Broker

or

XCAP Securities

John Grant/Karen Kelly, + 44 207 101 7070

Joint Broker

or

Bishopsgate Communications

Deepali Schneider/Natalie Quinn, + 44 20 7562 3350

mediacorp@bishopsgatecommunications.com

Copyright Business Wire 2012

18th January 2012 Media Corporation Plc ("Media Corp" or the "Group") Launch of Forexspace.com Media Corp's wholly owned subsidiary, Eyeconomy Limited ("Eyeconomy"), launches Forexspace.com to further capitalise on the huge demand for ...
JAN 17 2012

Annual Financial Report

17 January 2012

Media Corporation plc

("Media Corp" or the "Group")

Final Results for the Year Ended 30 September 2011

Media Corporation plc, a leading AIM quoted media and online gaming group, is pleased to announce its audited results for the year ended 30 September 2011.

Highlights

Financial highlights

  • Group Revenue of £35m ( 2010: £ 24m) an increase of 46%
  • Gross Profit of £5.7m (2010: £5m) an increase of 14%
  • Operating loss before exceptional costs £1.38m (2010:£1.40m)
  • Exceptional costs of £1.4m, resulting in an operating loss of £2.9m (2010: £1.4m)
  • Adjusted EBITDA * Loss £0.98m ( 2010: Loss £1.20m)
  • Cash Balances at the year-end of £2m (2010: £2.2m)
  • Wholly owned subsidiary Purple Lounge revenues of £27.5 million (2010: £21.3 million) an increase of 29%
  • Wholly owned subsidiary Eyeconomy revenues of £7.3 million (2010: £2.8 million) an increase of 160%

*"Adjusted EBITDA" (Adjusted net income before interest income, exceptional costs, provision for income taxes expense, depreciation and amortization and gaming software levy)

Operational highlights

  • Purple Lounge achieved significant revenue growth during the year with registered customer numbers reaching 120,000 (2010: 100,000) by the year end
  • Eyeconomy signed a partnership deal with Digital Sports Group adding a further 150 million monthly impressions and doubled the scale of Eyeconomy's exclusive site representation business from August 2011
  • Eyeconomy signed an extension to its contract with Express Newspapers in December 2011
  • The sale of Gambling.com and Sport.co.uk for £1.5m net during the financial year

The Directors continue to consider appropriate bolt on, profitable and cash generative acquisitions, particularly in the online gaming arena.

Commenting on the results, Justin Drummond, Chief Executive, of Media Corp, commented:

"This is another year of impressive growth for Media Corp, where the Group has made progress across all of its key financial metrics. The Group's wholly owned subsidiaries, Purple Lounge and Eyeconomy have made considerable progress during the year, with Purple Lounge adding 20,000 new customers and Eyeconomy achieving a number of new client wins and supplier contracts. The Group will continue to pursue organic growth and seek further earnings enhancing acquisitions during the 2012 financial year"

The full report and accounts for the period ended 30 September 2011 together with the notice of annual general meeting (to be held 11am on 16 February 2012 at the offices of Northland Capital Partners Limited, 60 Gresham Street, London, EC2V 7BB) will be forwarded to the registered shareholders of the Company. A further announcement will be made when the report and accounts has been posted.

Notes to editors:

Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group.

The Group has two principal divisions:

Online Gaming - Media owns Purple Lounge, www.purplelounge.com a leading European online poker casino operator. With over a 120,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service.

Advertising Network - Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express, www.eyeconomy.co.uk

Further information can be found on the company's website, at www.mediacorpplc.com

Chairman's Statement

The Group grew revenues considerably during 2011, and continues the stated aim of restoring profitability. Eyeconomy, the Group's wholly owned advertising network had an excellent year with record revenues and returned to profitability. Purple Lounge has demonstrated significant growth in both revenues and player numbers.

The Group operating loss includes £0.225m increased costs in relation to some of its software suppliers/ gaming levy; these costs will reduce substantially in the next financial year.

As announced during the year, the Group successfully completed the sale of some of underperforming publishing assets, namely Gambling.com and Sport.co.uk for a net amount of £1.5million. Both of these businesses had been loss making for some time and the completion of the sales will reduce costs going forward and contribute to a return to profitability for the Group.

During the current financial year there has, overall, been a marked improvement in both Company specific and wider market conditions and in particular we have benefited from a very strong performance from Eyeconomy. We continue to feel very positive about the outlook and we look forward to providing further updates during the course of the year.

Jason Drummond

16 January 2012

Business review for the year ended 30 September 2011

Throughout 2011, Media Corporation continued consolidating its on-going strategy of investing in the Group's growth and streamlined costs within the business. This investment resulted in revenue growth and more efficient operations with a significantly reduced cost base during the financial year.

The Group now has three principal divisions: Internet Gaming, Advertising Network and Internet Publishing:

Internet Gaming

Purple Lounge is an internet gaming company which was established in 2005 with a gaming licence in Malta. Purple Lounge was acquired during the 2010 financial year and the Group used its in-depth expertise in developing and monetising the brand which offers poker, card and casino games.

Advertising Network

The Advertising Network business, Eyeconomy, was established in 1996 and is a separate operating division of Media Corporation. Eyeconomy specialises in online media planning as well as buying and managing online media campaigns for clients including AOL, Dell, T-Mobile and American Express.

The division currently:

  • produces dynamic and engaging online advertising solutions and has recently launched a new online advertising division
  • offers clients access to 50 million unique users every month, from over 850 quality host sites in all major channels including Finance, Travel, Motors, Sport, Male/Female, Student/Youth, Property, Entertainment, Film, Music and TV, Mobile/Gadget and Recruitment
  • produces in-house creative media
  • boasts a brand team whose successful contract wins include the Express Newspaper Group
  • is seeing strong ROI on an increasing market presence

Internet Publishing

Media Corporation has a diverse publishing division specialising in premium destinations and portals.

Our impressive portfolio of websites includes a number of market-leading sites including Onthebox.com (UK's definitive TV listings and entertainment guide with over 2 million unique visitors per month, Flightcomparison.co.uk (a leading flight booking portal and Creditcardexpert.co.uk (a credit card comparison website).

Financial Overview

The audited results for the year ended 30 September 2011 show increased revenues in line with the Company's growth strategy, with total Group revenues £35.1m (2010: £24.3m). The gross profit increased by 14% to £5.7m (2010: £5m) and the cash at the end of the financial year was £2m (2010:£2.2m). The operating loss includes £0.225m increased costs in relation to some of its software suppliers/ gaming levy; these costs will reduce substantially in the next financial year. The exceptional losses, as previously communicated in April 2011 were primarily down to the sale of gambling.com, a non-cash item relating to the write-down of goodwill.

Key Performance Indicators

(KPI's)

FY2011 FY2010

£million

£million

Revenue - Continuing

Operations

35.1 3.0

Revenue - Acquired

Operations

- 21.3
Total Revenue 35.1 24.3
Gross Profit 5.7 5.0

Operating Loss before exceptional costs

(1.4) (1.4)

Operating Loss after exceptional costs**

(2.9) (1.4)
Net Assets 2.7 5.6
Cash 2.0 2.2
Other non-financial KPI
Employees - Number 37 38

**Non-cash item

Current trading and prospects

The Board is aiming for continued growth during 2012, as we seek to maximize the potential of the Group's Internet Gaming, Publishing and Advertising businesses and is targeting a return to profitability. It is the Board's strategy to focus on the online gaming and there will continue to be considerable opportunities to reduce fixed costs in the short term as well as exciting organic and acquisitive growth prospects.

Justin Drummond Nilesh Jagatia

Chief Executive Group Finance Director

Consolidated Income Statement for the year ended 30 September 2011

Total Total
Notes 2011 2010
£000 £000
Revenue
Acquisition during the year - 21,266
Continuing operations 35,145 2,985
Total revenue 35,145 24,251
Cost of sales
Acquisition during the year - (17,161 )
Continuing operations (29,416 ) (2,057 )
Gross profit 5,729 5,032
Selling and distribution costs (3,801 ) (3,118 )
Selling and distribution gaming software levy (225 ) -
Administrative expenses (3,316 ) (3,318 )
Total Operating costs (7,342 ) (6,436 )
Operating loss before Exceptional Costs (1,378 ) (1,404 )
Exceptional loss