Media Corp's advertising network reaches 30 Mil...

Media Corporation PLC Leading internet media group Media Corporation plc ('Media Corp' or the 'Group') said yesterday that its ad-network business Eyeconomy www.eyeconomy.co.uk had delivered advertising to more than 30 million UK IP addresses in one month and continues to grow. This means that the majority of all internet users in the UK saw an online advert distributed by Eyeconomy's proprietary ad-server www.sublimemedia.net. Eyeconomy is a leading on-line advertising solutions provider, working with major brands to generate measurable results through considerate on-line advertising placements. A wholly owned subsidiary of Media Corp, Eyeconomy has built extensive links with both leading media agencies and publishers, and acts as a one stop shop for all on-line media needs producing dynamic and engaging on-line ad solutions including exit traffic Subsites www.subsites.co.uk and rich-media floating toolbars called Sublines www.sublines.co.uk, an innovative new online ad-format that was pioneered by Eyeconomy. Its blue chip list of clients includes American Express, Dell and AOL. With a total reach of over 30 million unique IP addresses every month, from over 750 quality host sites in all major channels, including: Finance, Travel, Sport and Entertainment. 'This business has been growing strongly and following a major upgrade to our technical infrastructure in the latter part of last year we now have the server capacity to accommodate forecast growth. 'This number is particularly exciting for us because it is a supports our strategy of rolling out our advertising platform to new sectors, most recently focused on Finance and Travel. Late last year Media Corp reported full year revenues of almost £12 million and record growth in profit after tax of over 600% to £2.5 Million. The Group also built healthy cash balance that was over £5.3 million at the end of September. Mr Drummond commented that 'the very strong performance' of the Group's media and advertising businesses during 2006 financial year meant it had a strong foundation to support its growth initiatives. Furthermore the Group has been using its strong balance sheet to acquire businesses that accelerate its growth in target vertical markets. Media Corp recently acquired travel portal flightcomparison.co.uk and finance network creditcardexpert.co.uk. 'Eyeconomy can deliver an advertiser's message to over 70% of the UK online population in a direct, controlled and measurable way,' Mr Drummond said. 'This level of reach is comparable to TV advertising but avoids the extreme costs and measurement pitfalls that are driving advertisers away from TV to online advertising.' ends Enquiries: -0- *T Media Corporation plc Justin Drummond, Chief Executive +44 (0)20 7618 9000 Paul Tuson, Finance Director Canaccord Adams Limited Mark Ashurst, Managing Director +44 (0)20 7050 6500 Holborn PR Trevor Phillips, Director +44 (0)20 7929 5599 *T Notes to editors: Listed on the AIM market of the London Stock Exchange, Media Corp, is a leading internet media and advertising Company focused on search, web -site publishing and media sales. The company has three principal divisions: Search Technology - The vertical search specialists building sector specific search engines for advertisers to communicate in a highly targeted environment with their particular audience. All of our Search and Media products are powered by our own high performance proprietary technology. www.searchfocus.co.uk. Publishing - Media Corp has a diverse publishing division specialising in online media. Our impressive list of websites includes a number of market leading sites including www.creditcardexpert.co.uk, www.onthebox.com, www.freedeal.co.uk. Media Sales - Formed in 1996, Eyeconomy specialises in mass reach campaigns to over 30 Million unique consumers via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express. www.eyeconomy.co.uk. www.mediacorpplc.com
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