10th Mar 2008 07:01
Netplay TV PLC10 March 2008 NetPlay TV plc Strengthens Mobile Quiz Numbers NetPlay TV plc (AIM: NPT), the interactive TV gaming company, is pleased toannounce the acquisition of 7,600 mobile quiz game subscribers from RubberduckConsulting Limited ("Rubberduck"), a provider of mobile content and servicessuch as ringtones, logos, music and video downloads and trivia quizzes. The acquisition will bring the Company's total weekly mobile quiz subscribers toapproximately 70,000 subscribers. The consideration for the 7,600 subscribers is £70,000, to be satisfied in fullby Netplay ordinary shares priced at the average closing mid market price forthe previous ten days of 16.35 pence. It is expected that the 428,135consideration shares will be admitted to trading on AIM on 14th March 2008. Gavin Whyte, Chief Operating Officer of NetPlay, is also a director ofRubberduck and is deemed a related party for the purpose of the AIM Rules. Hehas, accordingly, not taken part in the consideration of the acquisition by theCompany. Having consulted with Landsbanki Securities (UK) Limited, the Company'sNominated Adviser, the Directors of NetPlay consider that the terms of thetransaction are fair and reasonable insofar as the Company's shareholders areconcerned. Martin Higginson, Chairman and Chief Executive of NetPlay TV, said: "NetPlay TV plc is focused on delivering a converged gaming solution, theacquisition of a further 7,600 players to our mobile quiz services furtherstrengthens our position in this converged gaming strategy. This will be anexcellent addition to already comprehensive database of subscribers." - Ends - Enquiries: NetPlay TV plcMartin Higginson, Executive Chairman www.netplaytv.plc.ukVia Redleaf Redleaf Communications Tel: 020 7822 0200Emma Kane/Sanna Lehtinen/Mike Ward [email protected] Landsbanki Securities (UK) LimitedSindre Ottesen Tel: 020 7426 9000 Notes to Editors: • Publication photographs are available from Redleaf Communications or www.redleafpr.com About NetPlay TV plc NetPlay TV plc is listed on the AIM market of the London Stock Exchange (NPT).NetPlay TV operates a number of interactive gaming services under a UK gaminglicense, including Live Roulette and Big Box Bingo. www.liveroulette.comwww.bigboxbingo.com. These services can also be viewed live on television on SkyChannel 847 12 noon - 4am. Virgin One 12 midnight - 3am, and Bravo TV 1am - 4am. The Company is focused on the delivery of a converged interactive gamingexperience allowing its customers to interact with its games on a variety ofplatforms, TV, Internet and mobile from a common integrated wallet. About Rubberduck Consulting Rubberduck Consulting Ltd. satisfies the growing global demand for mobilecontent by providing services such as ringtones, logos, wallpapers, games, fulltrack music and video downloads, animations, blogging, trivia quizzes andauction services to the consumer via their mobile. RubberDuck has worked in the mobile content since the inception of mobile dataservices and has been instrumental in the launch of some of one of the largestmobile content brands in the world. The team has built key relationships withmobile content brands, mobile operators, mobile phone retail stores and mobiletechnical solution providers worldwide. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NPT.L