News
Maiden Interim Results
28th September 2005
Cellcast plc (AIM: CLTV.L), a global interactive digital broadcaster, today announces its maiden unaudited interim results for the six months ended 30 June 2005.
Cellcast plc acquired Cellcast UK Limited on 14 September 2005. The interim results that follow are those of the trading entity Cellcast UK Limited, which is now a wholly owned subsidiary of Cellcast plc.
Highlights
- Successful listing on AIM on 21 September 2005
- Share placing raised £5.0 million of new money before expenses
- Agreement signed with Top Up TV whereby Cellcast content will be broadcast during available overnight hours by the Freeview platform, providing significant opportunity to expand UK operations
- Board strengthened by the appointment of Julian Paul as non-executive Chairman and Michael Neville as non-executive director
- Board remains optimistic about the full year prospects
Julian Paul, Chairman of Cellcast plc, said: “Cellcast plc is entering an exciting new era. The IPO funds raised will provide the Group with working capital to finance its future growth and raise the Group’s profile in its key markets in Asia, America and in Europe.”
For further information:
Cellcast plc |
|
Emmanuelle Guicharnaud, Chief Financial Officer |
Tel: +44 (0) 20 7190 0300 |
Daniel Stewart & Company Plc |
|
Marc Young, Corporate Finance |
Tel: +44 (0) 20 7776 6550 |
Media enquiries:
Abchurch |
|
Henry Harrison-Topham / Tania Wild |
Tel: +44 (0) 20 7398 7700 |
Notes to Editors
Cellcast was launched in 2002 as a provider of interactive mobile content and participation television applications, which enable broadcasters, media ventures, 3G services and mobile networks to maximize opportunities arising from the accelerating convergence of three ubiquitous platforms: television, the internet and mobile telecommunications.
Cellcast has pioneered innovative new TV formats and interactive programming to enable audience participation using mobile phones. At the time of launch Cellcast produced two hours of live television on a daily basis. The company now produces over 50 hours of live UK television per day across seven channels on the Sky platform. Over three of these are wholly owned. Cellcast also develops and distributes proprietary applications and programming for broadcast partners which include Canal + in France; Future TV, LBC, MBC, Dubai Television and Rotana in the Middle East; Zee TV in India; and Asia Interactive Broadcasting reaching China and South-East Asia on AsiaSat 3S.
Cellcast’s revenues streams are independent of both advertising and subscription fees. With a network of revenue sharing agreements with telecommunications carriers and aggregators across five continents, Cellcast receives a share of the call revenue every time a consumer uses a mobile or fixed-line phone to participate in its interactive entertainment, revenue which is retained or shared with its broadcast partners. Cellcast’s programme formats and proprietary Interactive Platform (CIP) also facilitate delivery of content to mobile phones, the internet and broadband-delivered IPTV. This enables viewers to continue participating in a programme away from the TV, generating 24/7 revenue opportunities.
The full version of this release, including further information, can be downloaded in PDF format
