6th Mar 2008 08:00
Statement in relation to the share price movement Media Corporation plc (the "Group" or "Media Corp") has noted a fall in itsshare price over the past few days. The Board knows of no reason for the mark down in the share price. In a recent trading update the Board re-iterated the Group's strong financialposition and also the prospects presented by the online advertising sector inwhich the Group operates its business. Justin Drummond, CEO of Media Corp commented: "With the Group's significant cash resources of £6.3 million at the financialyear end combined with the unprecedented growth opportunities presented by theonline advertising sector, the Group is very well positioned to generateaccelerated revenue and profit growth in the coming years" For further information please contact: Media Corporation plcJustin Drummond, Chief ExecutiveNilesh Jagatia, Group Finance Director+44 (0)20 7618 9000 Buchanan CommunicationsCharles Ryland/Suzanne Brocks/Susanna Gale+44 (0)20 7466 5000 Canaccord Adams LimitedClayton Bush, Vice President+44 (0)20 7050 6500 Notes to editors: Listed on the AIM market of the London Stock Exchange, Media Corp is a leadinginternet media and advertising group focused on website publishing and onlineadvertising. The Group has two principal divisions: Website Publishing - Media Corp has a diverse publishing division specialisingin online media. Our impressive portfolio of websites includes a number of market leading sites including www.gambling.com, www.onthebox.comwww.sport.co.uk, www.creditcardexpert.co.uk and www.flightcomparison.co.uk. Online Advertising - Formed in 1996, Eyeconomy specialises in mass reachcampaigns to over 30 Million unique consumers per month via its own proprietaryad-serving and tracking technology for clients including AOL, Dell and AmericanExpress. www.eyeconomy.co.uk www.mediacorpplc.com Copyright Business Wire 2008Related Shares:
MDC.L