Product category:
Media
News Release from: MT Media
Edited by the Marketingservicestalk Editorial
Team on 28 February 2008
M T Media secures cash to fuel growth
M T Media Holdings, owner of "Whats Local Magazine" and "numbers4life", has secured a new funding line of GBP500,000.
The new funding line will provide a sensible working capital facility to the company to secure the future growth of the business Speaking about the announcement, Daniel Corby, Managing Director, said: "M T Media is delighted to have secured a new funding line of GBP500,000.00 to fuel our growth of the business
This article was originally published on Marketingservicestalk on 31 Jan 2008 at 8.00am (UK)
Related stories
Numbers4life to sell 7 million UK business numbers
Numbers4life owner M T Media has secured the rights to sell over 7 million telephone numbers to UK businesses in a move destined to see numbers4life become a powerful reseller.
"The deal, with a leading UK financial institution, will allow the business to move ahead with the expansion plans, which include the opening of an additional sales floor in Chelmsford.
"The new funding line will be supported by a further GBP200,000 of equity investment, which the business is in advanced stages of raising, with a leading UK angel network.
"Investor meetings have been arranged in the next 10 days to secure this additional equity.
"We expect the GBP200,000.00 equity to have completed in the next two months.
"Our immediate plans are to roll out additional issues of Whats Local Magazine to the South East, complete our expansion of the sales and support teams and introduce auto dialler technology to make the centre more efficient.
"The additional equity will bring our equity base to GBP300,000".
• MT Media: contact details and other news
• Email this article to a colleague
• Register for the free Marketingservicestalk email newsletter
• Marketingservicestalk Home Page
Search the Pro-Talk network of sites
