Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Matomy Media Group Advertising Customer Update

17th Nov 2014 10:41

RNS Number : 1908X
Matomy Media Group Ltd
17 November 2014
 



 

 

FOR IMMEDIATE RELEASE

17 November 2014

 

Matomy Media Group Advertising Customer Update

Matomy Media Group Ltdannounces that it has learned that American Laser Centers, LLC ('ALC'), one of the company's advertising customers in the United States, has filed for bankruptcy protection. Matomy anticipates that the impact of the ALC bankruptcy filing will likely result in a decrease to Matomy's adjusted EBITDA for the full current year of up to $1.5 million.

 

Matomy will seek to recover outstanding ALC debts, and is satisfied that it has adequate risk management procedures in line with industry practices. Aside from this development concerning ALC, Matomy is trading in line with market expectations.

 

Matomy expects to issue a general trading update on Wednesday 26 November 2014.

About Matomy Media Group

Matomy Media Group Ltd. (LSE:MTMY) is one of the world's leading digital performance-based advertising companies. Working across Web, social media and mobile platforms, Matomy offers advertisers, media partners and publishers a range of opportunities to generate risk-free performance-based results, delivering quality, scale and speed by providing a single gateway to all digital media channels. Matomy's marketing solutions include: a display ad network; mobile, social and video advertising; email marketing; search marketing and search engine optimization; a virtual currency platform; and domain monetisation. 

For more information:

www.Matomy.com 

Facebook: www.facebook.com/MatomyMediaGroup

Follow us on Twitter: @MatomyGroup

LinkedIn: www.linkedin.com/company/matomy-media-group 

 

MEDIA ENQUIRIES

 

Tulchan Communications

+44 20 7353 4200

Lucy Legh

Stephen Malthouse

Giles Kernick

 

Matomy Media Group Ltd.

+1 646 264 0144

Keith Trivitt

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLLFVILDLDLIS

Related Shares:

MTMY.L
FTSE 100 Latest
Value8,275.66
Change0.00