Investment in Anews, Inc.

RNS Number : 9991P

TMT Investments PLC

26 August 2014

 



26 August 2014

TMT INVESTMENTS PLC

("TMT" or the "Company")

Investment in Anews, Inc.

TMT Investments PLC, which invests in high-growth, internet-based companies across a variety of sectors, is pleased to announce the completion of an investment in Anews, Inc. (www.anews.com).

Incorporated in Delaware, Anews, Inc. ("Anews") is a rapidly growing global news-reading service with a built-in behavioural advertising network.  Anews's unique technological platform allows news media companies to expand their reach, acquire new users for free and increase digital ad revenues.  Anews provides each reader with a consolidated, personalized view of news content from news agencies, newspapers, magazines, blogs and social networks.  Anews has gained significant traction to date with an average monthly audience growth rate of around 20%.  Just ten months after launch, the Anews mobile app has been downloaded 1.5 million times and the Anews website has 1.7 million users.

According to eMarketer's projections, the global digital ad revenue market is expected to reach US$140 billion in 2014, representing a 16% annual growth rate.

As part of the current US$3 million equity fundraising, TMT has acquired preferred shares in Anews for an aggregate consideration of US$1,000,000.  Assuming the current round is fully subscribed, TMT will own 9.09% of Anews's fully diluted equity capital.

Anews was originally developed by 101 Startup, a company owned by TMT's senior managers German Kaplun, Alexander Morgulchik and Artyom Inyutin.  Assuming the current round is fully subscribed, 101 Startup will own approximately 61.82% of Anews's fully diluted equity capital.

Definitive agreements for the transaction were entered into, and the transaction was completed, yesterday.

For further information contact:

TMT Investments Plc Mr. Alexander Selegenev www.tmtinvestments.com	[phone] [e-mail]
ZAI Corporate Finance Ltd. NOMAD and Broker Richard Morrison/Irina Lomova	[phone]
Kinlan Communications David Hothersall	Tel. [phone] [e-mail]

About TMT Investments

TMT Investments PLC invests in high-growth, internet-based companies across a variety of sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has raised USD30m and invested in over 35 companies to date. The company's objective is to generate an attractive rate of return for shareholders, predominantly through capital appreciation. The company is traded on the AIM market of the London Stock Exchange. www.tmtinvestments.com

 

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