16th Feb 2012 15:20
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and online gaming group, announces that at its AGM held today, with the exception of resolutions 3 and 4 which were withdrawn following the departure from the board of Jason Drummond and Stephen Pettman, all resolutions were duly passed.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 | ||||
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
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