118 Group keen to grab significant market share from local content magazine sector
Daniel Corby, founder and CEO of 118trades, the internet directory service and now part of the wider 118 group, has developed a new magazine business under the FIDO local brand.
Speaking about the move into a new sector, Daniel Corby said “118 Group is not content to just deliver web based directory products and constantly seeks growth drivers for the business and new avenues which have a clear synergy with the current 118 group businesses. Local content magazines are a £100 Million business in the UK and we are interested in being a dominant player in this market place. 118 Group has interests in Advertising, Directories, Mobile, Publishing and Telecoms and we expect Fido Local to deliver substantial revenues for the group by q1 2007. We have created a value proposition for the magazine, which will include Editorial and local content along with local advertising vouchers which will create repeat demand for the magazine. We have created a ‘paid for’ image for a ‘give-a-way’
Notes to editors
118 Group is the parent for 118trades, 118gethitched, 118telecom, 118mobile, and Fido Local. 118 Group is a wholly owned subsidiary of 118 Group holdings plc.
118 Group was founded in 2005 by Daniel Corby, the founder and ceo.
118 Group plans to float on AIM in 2007 / 2008 which will raise significant funds to complete other key acquisitions for the group.
Recent board appointments included the former CEO of Perry Group plc, (Richard Allan) as Chairman and Hugh Craen, the founder and former CEO of Potential Finance Group plc. The board is well placed to manage strong growth for the coming year.
www.118trades.com
www.the118group.com
www.118gethitched.com
www.fidolocal.com
www.carauto.co.uk
www.118telecoms.com
