Sale of certain US websites

RNS Number : 2806U

ADVFN PLC

22 June 2009

 



ADVFN PLC (the 'Company') 

Sale of Web properties

The Company is pleased to announce that it has sold the websites Siliconinvestor.com and Talkzilla.com to TZ Holdings LLC of Missouri, USA. 

Siliconinvestor.com was part of the purchase transaction when ADVFN acquired Investorshub.com in 2006. Talkzilla is an early stage experimental bulletin board project that has since been developed internally in the USA.

The consideration for the transaction is $200,000 in cash for the properties and shares in TZ Holdings LLC giving ADVFN a 15% shareholding.

Clem Chambers (CEO) said 'Investor's Hub is growing strongly and this transaction frees us up to concentrate our full focus on maximising its accelerating traffic and revenue, while continuing to carry an interest in the legacy Silicon Investor brand and its early stage offshoot.'

Contacts 

Francesca De Franco, ADVFN, 020 7070 0932 or email: [e-mail] 

Fiona Kindness, Director, Grant Thornton UK LLP (Nominated Adviser), 020 7728 3414 or email: [e-mail]

 

END

 

 

DISBDGDLXXDGGCD