HCTA Hecta Media

    RNS Number : 1195W
  Hecta Media Inc.
  06 June 2008
   
    For immediate release                      
    6 June 2008 

    Hecta Media Inc
    ("Hecta Media" or "the Company")
    Domain Portfolio Acquisition

    Hecta Media Inc (AIM: HCTA), the web consolidator, is pleased to announce that further to its announcement on 13 March 2008, the Company
has exercised its option to acquire the first of two additional portfolios of domain names for a cash consideration of US$734,825 to be
financed from existing cash balances. The domain name portfolio comprises mainly German and other European parked domain names that receive
direct navigation and search traffic which can be monetized through search links to generate click-through advertising revenues. 
       
    As with its existing portfolios, the Company intends to maintain the domain registration of those domain names that the Directors
consider are capable of generating ongoing direct navigation and search traffic and click-through revenues in excess of annual registration
costs. The Directors will also consider adding new content to those sites with higher visitor traffic to maintain traffic and revenues. 

    There are no historic audited trading results available for the latest domain portfolio acquisition. Nevertheless, the Directors believe
that the domain names are likely to make a positive contribution to earnings in the current year. 

    Clark Landry, CEO of Hecta Media Inc, commented:

    "We have been pleased with the performance of our acquisitions to date and continue to be encouraged by the opportunities we're seeing
to acquire internet assets at attractive valuations in fitting with our investment strategy."

    ENDS

    Further Information:

    Hecta Media Inc
    Clark Landry (CEO)            Tel: + 1 310 570 3820

    Beaumont Cornish Limited        
    Roland Cornish            Tel +44 (0) 20 7628 3396

    gth media relations
    Toby Hall /Christian Pickel    Tel: +44 (0) 20 7153 8039/8036

    Or visit the group's website at www.hectamedia.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
ACQZGGGVNKZGRZM

Hecta Media (LSE:HCTA)
Historical Stock Chart
From Apr 2024 to May 2024

Hecta Media (LSE:HCTA)
Historical Stock Chart
From May 2023 to May 2024