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Motion Network TV

EANS-News: Motion Network TV /

London (euro adhoc) -

Motion Network Holding ready for the Media convergence
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Company Information
Subtitle: Motion Network Holding ready for the Media convergence
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.
end of announcement                               euro adhoc

Further inquiry note:

Christophe Kourdouly
Telefon: +33 1 42562438
E-Mail: c.kourdouly@motionnetworktv.com

Branche: Media
ISIN: GB00B291K520
WKN: A0M910
Börsen: Frankfurt / Open Market

Plus de actualités: Motion Network TV
Plus de actualités: Motion Network TV
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