Multimedia Television 2005

MTM holds 6,382,979 shares in YOO
The sale of MMTV ltd to Yoomedia includes a potentially significant earn-out element, which provides for further deferred payments to MultiMedia Television PLC in a range between #2.2 million and #4.2 million to be satisfied in shares in YooMedia plc or cash.
Turned 1.5 million loss last yr into overx 300k profit for H1 this yr.
In 2003 signed a contract with the Department for Work and Pensions (DWP),
which is responsible for all the Job Centres in the UK. The contract envisages
advertising all the 400,000 job vacancies in the Jobcentre Plus database on the
Job Channel, phasing these in over a period of months.
Launched another initiative earlier this year. The European Union offers a
wide range of grants to encourage European industry and commerce. We have
engaged consultants who have expertise in obtaining such grants. As the UK is
at the leading edge in the use of interactive television and we have a
successful track record in interactive design and technology, the consultants
believe that there is a real opportunity to obtain such grants for interactive
work with a European application.
As there are now 25 countries in the EU, developing the use of interactive
television for job advertising across the European Union would potentially be a
substantial project. The UK has the highest proportion of interactive
television users in the EU. We are not aware of any company with our
expertise in offering a large database of job vacancies on interactive
television in any other country in the EU.

We are in active discussion with an existing business with a view to an
acquisition. They are engaged in leading edge information technology and
currently have positive cash flow. If this transaction proceeds as discussed,
it would increase our revenue and strengthen our balance sheet and cash
position

http://corporate.mmtv.tv/
http://www.mmtv.tv
http://www.jobchannel.tv