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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Chariot (UK) | LSE:CRT | London | Ordinary Share | GB00B0P0XQ12 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.48 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7659P Netplay TV PLC 18 January 2007 Date: 18 January 2007 On behalf of: NetPlay TV plc ("NetPlay" or "the Company") For immediate release NetPlay TV Acquires Chariot's Trading Operations * Online charity lottery - 'monday' * Database of over 280,000 lottery players * Assets required to operate 'monday' The Board of NetPlay TV plc (AIM: NPT), the interactive TV gaming company, today announces that it has bought the know-how and intellectual property rights attaching to Chariot (UK) plc's online charity lottery, 'monday', as well as Chariot's entire database comprising over 280,000 lottery players. The aggregate consideration, which includes all intellectual property, the website domain, the database and all operating 'know how' which are required to operate 'monday', is #140,500 plus VAT in cash. The current revenues of the game are running at approximately #50,000 of ticket sales per week. Chariot (UK) plc will continue to operate the game for the next four weeks in order to ensure a smooth transition to NetPlay TV. The cost of this is included in the purchase price. The acquisition of 'monday' is the Company's first move into offering additional interactive games. It is the intention of the Company to create an interactive TV lottery game show based around the 'monday' brand. It is anticipated this will be on air by mid February 2007. Until this date the game will continue to run on the Internet at www.playmonday.com. NetPlay TV plc acquired the TV production company Vegas247 Limited in December 2006. The company currently produces an interactive live roulette show on Sky Channel 847 called 'Live Roulette'. This interactive TV game operates under a UK gaming license. The Company believes merging the current player base of 'monday' with its TV production skills to produce a live, interactive TV lottery show will give players an enhanced experience. Linking the flexibility of the Internet with a traditional TV broadcast adds further trust and credibility to this established game. Commenting on the transaction, Martin Higginson, Chairman and CEO of NetPlay TV, said: "The acquisition of the 'monday' game is an exciting move for the Company. Chariot has spent a considerable amount of money building a comprehensive database of over 280,000 lottery players. We believe we can use our proven direct marketing skills, together with our recently acquired TV production skills to produce a fun, interactive TV lottery show. "Direct communication with the database combined with the TV show will we believe build further credibility and trust with the 'monday' brand. To date the game has generated substantial amounts of cash for the charities it supports. This will continue and hopefully grow under our ownership. "This acquisition further enhances our position in the interactive TV gaming arena. Our mission over the coming year is to build a substantial interactive TV gaming company - this is just the first step in what we believe is a very exciting road ahead." In view of the nature of the Transaction, Chariot would ordinarily be required, under Rule 15 of the AIM Rules, to obtain prior shareholder approval for the sale of the company's assets to NetPlay. However, due to Chariot's financial position and, on the basis that Chariot has received indications from shareholders who hold over 50% of Chariot's issued shared capital (including the members of the Board who own 18.40% of Chariot's issued share capital) that they support the Transaction, Chariot has received dispensation from the AIM Team from the requirement under the AIM Rules to obtain prior shareholder approval for the Transaction. - ends - Enquiries NetPlay TV plc Martin Higginson Via Redleaf Redleaf Communications Tel: 020 7822 0200 Emma Kane/Sanna Lehtinen/Susan Quigley This information is provided by RNS The company news service from the London Stock Exchange END ACQFGGMMDRRGNZM
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