News
Mobestar floats on AIM
Stuart O'Brien Apr 25 2006, 11:30am
Comments (3)
Mobestar has completed a listing on London's Alternative Investment Market at an initial valuation of £38 million.
UK-based Mobestar intends to use funds raised for production and delivery of its mDate video dating service and the supply of picture and video content through third parties and direct-to-consumer channels.
On admission to AIM, the company has 37,951,490 ordinary shares at an opening price of £1 per share in issue.
Mobestar CEO Peter Richards said: “The resounding message today is that although video-based mobile dating and other mobile community services are still in their infancy, this mobile entertainment sector has almost boundless potential as more and more users are gaining 3G phones."
Mobestar is focused primarily on the 3G content market and community-based video products built around its Flexible Anonymous Communications Engine (FACE).
Comments
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“Mobestar Holdings PLC auditors have doubts about company”
Posted by: Marc L - Aug 5, 4:09am
The company may have gone public 2 years ago, but the latest financial reports from their own auditors state that they 'raise doubts about the groups ability to continue as a going concern.'
The Hemscott press release: http://www.hemscot...29599
... got serious attention from the online dating industry. mDate is a product of Mobestar, so naturally the industry became aware of the company's latest financial woes.
The online dating dating industry created a thread on the industry's message boards to discuss the issue here:
http://mb.idate200....html