M T Media Holdings Limited to raise additional equity to fund expansion plans
M T Media Holdings Limited, the owners of Whats Local Magazine, the free to pick up publisher and numbers4life, the business telecom provider have announced plans to raise an additional £200,000 of equity via one of the UK’s leading Business Angel Networks.
Speaking about the plans, Daniel Corby, Managing Director said, “M T Media Holdings raised £100,000 of equity in July 2007 and a funding line from a leading commercial bank of £400,000 and our expansion plans are on track. The Board have agreed to raise an additional £200,000 of equity to enable the business to progress with expansion on a more solid footing. A leading business angel network was appointed during January 2008 to fulfil this aim”
Notes to Editors
“Whats Local Magazine” is a free to pick up publisher of local magazines. With 13 issues across the M25 and the South East, the business is going from strength to strength. February 2008 sees the business pass the 500,000 issues mark. Distribution is via leading supermarket groups with over 150 retail outlets distributing the Magazines. Numbers4life is a fast growing connector of free-phone and 0845 telephone numbers for small and medium sized businesses. Instant connection, online routing and a choice of 7 Million numbers to chose from, will see numbers4life become a major force in the telecoms arena. M T Media Holdings Limited was formed in July 2007 and is headed by Daniel Corby and Hugh Craen. Daniel Corby has held Directorships with The Tanning Shop, (Britain’s fastest growing franchise chain 1996, 1997 and 1998) subject to a VC buyout in 2002 with ISIS Capital, phones4u, the retail chain of the Caudwell Group (Britain’s fastest growing retailer 2001, 2002, and 2003) and IMT Group Holdings plc. Hugh Craen has circa 25 years experience in the Factoring and Invoice Finance Industries, which culminated in the formation and floatation of Potential Finance Group plc on AIM in 2000.
www.whatslocalmagazine.com
www.numbers4life.com
www.mtmediagroup.com
