- 29.09.2010, 12:17:38
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EANS-News: Motion Network TV /
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Subtitle: Motion Network Holding ready for the Media convergence
London (euro adhoc) - Motion Network Holding has strenghtened its management and
business structures. Traditional media and internet is now part of the business
strategy.
Its agreement with the world leader site covering film festivals
filmfestivals.com allows the company to produce rich and unique contents
associated with films, awards, stars' interviews and red carpet events around
the world.
Motion Network Advertising has been created so as to generate strong revenues as
of the start of broadcasting in territories such as Germany, France, UK &
Ireland, Benelux, Austria, Switzerland, Poland and Ukraine. Motion Network
Advertising has already built relationships with international ad agencies and
major international brands that have expressed interests in working with Motion
Network TV and addtionnal Media TV and Internet.
MNH signed in Paris a LOI with Motion Sponsor, the online movie lovers community
dedicated to Movie financing, Our Goal is to develop the model in other EU
Countries
MNH has started the purchase of Antetime Production in July 2010 and will
achieve it before the end of the year.
The company will be Motion Networks' film production subsidiary. 5 films are
currently in preproduction, 4 of which are presold to Canal+. All budgets
represent a total financing rounds of 16 million euros. Germany and Belgium will
be the main coproducers.
Motion Network Holding has presented its financial and business proposition to
institutional and private investors in the UK, France, Switzerland in order to
raise 10 million euros. The money invested will allow Motion Network to start to
broadcast first in 10 territories then in 20 territories in year 2.
LOI for investment of 6 million Euros from a pool of private investors has
already been signed that specify that Motion Network will close the financing as
soon as the trading volume and the share price reach the fair value of the up to
date development. The management board would avoid a dilution and expects a
share price at 0,03 giving a market cap up to 27 Millions euros..
The company currently works to generate other investment propositions.
Further inquiry note:
Christophe Kourdouly
Telefon: +33 1 42562438
E-Mail: c.kourdouly@motionnetworktv.com
end of announcement euro adhoc
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issuer: Motion Network TV
Rue d'Artois
F-75008 Paris
phone: +33 1 72 100 213
FAX: + 33 1 42 562 438
mail: info@motionnetworktv.com
WWW: http://www.mnhplc.com
sector: Media
ISIN: GB00B291K520
indexes:
stockmarkets: Open Market: Frankfurt
language: English
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