Purple Lounge Update
Media Corporation PLC
Media Corporation Plc
("Media Corp" or the "Group")
Purple Lounge Update
Media Corporation plc, a leading AIM quoted media and online gaming
Group, is pleased to announce that Purple Lounge limited, www.purple-lounge.com
(“Purple Lounge”), the Group’s wholly owned online poker and casino
business, has reached more than a 100,000 registered customers.
When the Group acquired Purple Lounge in October 2009, it had 77,475
registered users and by utilising our online advertising and marketing
expertise we have now grown to over 100,000 registered users, an
increase of over 29%. During the 10 months prior to the acquisition,
registered users only increased by 13% or 8,700.
Furthermore, the conversion to cash depositors on the day of
registration is currently running at approximately 32% which is
significantly higher than the industry average.
Justin Drummond, Media Corporation's CEO, commented:
"100,000 registered customers is a very significant milestone for
Purple Lounge. As a result of Media Corp’s online marketing strength,
Purple Lounge is adding new customers and affiliates at an accelerated
rate and we look forward to providing further updates on the business in
the near future."
--END--
Further information can be found on the company's website, at www.mediacorpplc.com
or by contacting:
Media Corporation plc Tel: +44 20 7618 9000
Justin Drummond - CEOJustin Drummond - CEO
Nilesh
Jagatia - Finance Director
Nilesh
Jagatia - Finance Director
Astaire Securities plc Tel: + 44 20 7448 4400
Luke Cairns
(Nominated Advisor)Luke Cairns
(Nominated Advisor)
Charles Vaughan (Broking)Charles Vaughan (Broking)
XCAP Securities Tel: + 44 207 101 7070
John Grant / Karen Kelly
(Broking)
John Grant / Karen Kelly
(Broking)
Bishopsgate Communications Tel: + 44 20 7562 3350
Gemma
O'Hara/Siobhra MurphyGemma
O'Hara/Siobhra Murphy
mediacorp@bishopsgatecommunications.com
Notes to editors:
Quoted on the AIM market of the London Stock Exchange, Media Corp is a
leading media and online gaming group.
The Group has two principal divisions:
Advertising Network - Formed in 1996, Eyeconomy specialises in mass
reach campaigns to up to 50 Million unique consumers per month via its
own proprietary ad-serving and tracking technology for clients including
AOL, Dell and American Express.
www.eyeconomy.co.uk
Website Publishing - Media Corp has a diversified publishing division
specialising in online media and gaming.
The impressive portfolio of websites includes a number of market leading
websites, such as www.purple-lounge.com,
www.gambling.com,
www.onthebox.com,
www.sport.co.uk,
www.creditcardexpert.co.uk
and www.flightcomparison.co.uk.
Further information can be found on the company's website, at www.mediacorpplc.com
