Media Corporation Plc
("Media Corp" or the "Company")
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.
|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|
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