MT Media secures new funding line of £500,000.00 to fuel growth of Whats Local Magazine

PR Log (Press Release) – Feb 20, 2008 – M T Media Limited secures new banking facilities of £500,000.00

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 that they have secured a new funding line of £500,000 in a deal which completes within days

Speaking about the announcement, Daniel Corby, Managing Director said, “M T Media is delighted to have secured a new funding line of £500,000.00 to fuel our growth of the business. The deal, with a leading financial institution completes within days and will allow the business to move ahead with the expansion plans. The new funding line will be supported by a further £200,000.00 of equity investment, which the business is in advanced stages of raising, with a leading UK angel network. We expect the £200,000.00 equity to have completed within 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”

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

MT Media Limited is headquartered in Chelmsford, with 4,000 square feet of office space held on 10 year lease in a major landmark building. What’s Local Magazine, the publishing division is creating 20 additional jobs from March 2008 as the business launches additional issues in and around the M25. Whats Local Magazine plans to be the leading free to pick up publisher in the South East within 12 months.

Numbers4life is our fast growing business to business telecom reseller, which currently sells and connects 0800, 0845 and geographic numbers to business customers around the UK. Numbers4life has recently secured the rights to sell 7 Million telephone numbers and with instant connection technology numbers can be routed and activated within minutes.

You can read more about Whats Local Magazine at www.whatslocalmagazine.com