Online gaming and advertising services provider Media Corporation has sold two more of its online portals and it is contemplating a potential reverse takeover of a gaming business.
Media Corp has received £250,000 for http://www.onthebox.com and http://www.forexspace.com and associated domain names. The former was loss making and the latter has recently been launched. The sites are valued on the balance sheet at £130,000 and their sale should save £350,000 a year in costs.
Delays in the opening of the Hippodrome Casino mean that the online joint venture will not get going in April as expected. It appears that the joint venture will begin in early summer.
At 0.97p a share, Media Corp is valued at £3.48m.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMarch2012_30.pdf
© 2007 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Africa Oilfield Logistics Ltd is the latest shell from former cricketer Phil Edmonds and it plans to raise £4.25m to help to finance the acquisition of a business providing services to the oil and gas sector in Africa.
Audio and video rights acquirer One Media IP Group has acquired the rights to the nineties version of The Adventures of Skippy.
A one-off export order worth £3.5m helped industrial computers and electronic components distributor Solid State achieve record figures in the year to March 2013.
Oil and gas company Silvermere Energy is in danger of having its main asset taken away of it does not pay the money it owes.