Yoomedia PLC
22 September 2003
YooMedia plc ('YooMedia')
Loan Note Fully Subscribed
YooMedia is pleased to announce that its £2,000,000 variable rate secured
convertible loan stock 2008 ('Loan Stock') is now fully subscribed.
It falls to be disclosed under Rule 15 of the AIM rules that Leopold Noe, a
Non-Executive director of YooMedia, subscribed for £125,000 of Loan Stock on 19
September 2003.
Andrew Fearon commented, 'I am very pleased that Leo decided to subscribe for
loan stock and I believe this further highlights senior managements confidence
in YooMedia's future'.
Further enquiries:
YooMedia plc
Andrew Fearon, Chief Operating Officer 020 7462 0870
andrew.fearon@yoomedia.com
Public Relations
John Murray 020 7553 6559
jmurray@seahorsemedia.co.uk
About YooMedia
YooMedia plc is a digital TV and mobile entertainment company that provide
services including chat, games and dating products. YooMedia's suite of iTV and
eTV services and products allow digital network operators and broadcasters to
build communities of loyal viewers and establish new revenue streams.
YooMedia works with licensees and publishers to create classic parlour games,
multi-player games and real-time arcade action games for interactive TV.
YooMedia has the exclusive license for Tetris across UK digital cable.
YooMedia is an established provider of interactive TV chat, with a variety of
messaging applications. This service is also available to other broadcasters and
operators. yoome2 is the interactive channel on Telewest digital cable. The
Channel includes the UK's only cable chat service, yoome chat, along with a
suite of games (including the first cable launch of Tetris). Yoome2 also
includes competitions, prizes and mobile phone ringtones and logo downloads. The
technology developed for the Channel and chat services can also be used as a
core framework for similar interactive services by broadcasters and branded
accordingly.
YooMedia has signed an exclusive partnership with Dateline to develop and launch
all of its interactive dating services on digital and cable television.
In April 2003, YooMedia acquired 33% of MIETV and has the option to acquire the
remainder of the company. We have invested in and launched the first ever games
channel on Freeview called Free2Play and have secured the right to run pay to
play games on the platform. The channel launched on 23rd May 2003.
YooMedia is to pioneer the use of mobile phones to interact in real time with a
TV programme. The Trigger TV technology, which is exclusive to YooMedia and
protected by a worldwide patent, broadens the reach of interactive TV because it
allows viewers to interact synchronously with TV programmes by mobile phone,
without needing a digital set-top box.
YooMedia recently announced an agreement with ntl: Home to distribute all its
products on its digital interactive cable platform. ntl: Home customers will
soon have access to a Cartoon Network branded games channel and the UK's leading
dating agency, Dateline, both built and run by YooMedia. Also they will have
access to YooMedia's extensive games library as well as a unique 24/7 Chat
solution.
YooMedia plc is quoted on the AIM market of the London Stock Exchange.
www.yoomedia.com
This information is provided by RNS
The company news service from the London Stock Exchange
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