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Milestone launches new digital platform and fundraising campaign

Fri, 14th Oct 2016 08:58

(ShareCast News) - Milestone, an AIM-listed provider of digital media and technology solutions, announced the launch of its Alchemy digital media platform and the start of its first social impact fundraising campaign, Divert.Alchemy is a digital platform that allows its users to buy and download from a library of over 40m songs, 90,000 films, 100 internet TV channels, 300,000 TV programmes, 1.4m apps and games and 2.7m e-books. The platform also allows users to make donations to charity and fund social initiatives.A proportion of each sale goes towards the funding of the Milestone Foundation's grassroots initiatives, which help young people gain meaningful employment. Users are also able to donate to the cause or participate in crowdfunding.Divert is a programme run by the the Metropolitan Police that aims to divert young adults aged between 18 to 25 away from repeat offending and towards gaining employment where their particular skills and passions can be utilised. It has effectively reduced re-offending by youths in Brixton by over 60% in just one year.It is the first scheme to take advantage of the platform's crowdfunding initiative to try and raise over £250,000 to start rolling out the scheme in other boroughs in London and around the UK.Chief executive Deborah White said: "Alchemy has been designed to provide new revenue opportunities for Milestone and raise the public's awareness and funding for our activities and those of our partners. Alchemy allows its users to give to charitable causes as a result of a purchase, make a donation or contribute to a social initiative. I believe that the ability to do good as a consequence of buying digital entertainment will be a big draw."The share price rose 4.11% to 1.59p at 0920 BST on Friday.
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16 Mar 2018 16:06

UK Shareholder Meetings Calendar - Next 7 Days

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13 Dec 2016 10:35

WINNERS & LOSERS SUMMARY: NCC Shares Slide After Profit Warning

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13 Dec 2016 09:17

Milestone Raises New Funds As October Proceeds Still Not Received (ALLISS)

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7 Dec 2016 09:15

Milestone Plans New Shares Placing After October Funds Not Received (ALLISS)

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9 Nov 2016 15:51

Milestone Seeks Funding As Bulk Of Placing Proceeds Still Not Received

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7 Nov 2016 10:03

Milestone Signs Deal With Money Transfer And Pre-Paid Cards Firm

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31 Oct 2016 09:59

Milestone's Nexstar Signs Payroll Deal; Issues Shares To Creditor (ALLISS)

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26 Oct 2016 11:10

Milestone Group extends Nexstar agreement with Black Cactus

(ShareCast News) - Digital media and technology solutions provider Milestone Group announced the extension of an agreement between its Nexstar joint venture partner Black Cactus Holdings and fintec solutions firm Benefits on Madison on Wednesday. The AIM-traded firm said the extension of an existing

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20 Oct 2016 10:54

Milestone to raise £1.385m at 1.5p a share

(ShareCast News) - Milestone is raising $1.385m at 1.5p a shar5e to market the newly launched Alchemy e-media platform, recruit key staff and fund additional development of the Passion Project platform. The AIM-quoted provider of digital media and technology solutions said would issue 92.3m shares.

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4 Oct 2016 11:45

Milestone Group signs agreement with Social stock exchange

(ShareCast News) - Milestone, a provider of digital media and technology solutions announced the signing of a cooperation agreement with the Social Stock Exchange (SSE) on Tuesday. The agreement is aimed at generating revenues, building membership and raising the profile of both organisations. It wi

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21 Sep 2016 10:37

Milestone's Nexstar begins distribution on Amazon Prime Video

(ShareCast News) - Digital media and technology solutions company Milestone Group announced on Wednesday that its Nexstar joint venture with Black Cactus is now distributing independent film and video to the Amazon Prime global streaming service. The AIM-traded firm said the opportunity gives Nexsta

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5 Sep 2016 10:47

Milestone Group teams up with Sean Edwards Foundation

(ShareCast News) - Digital media and technology solutions provider Milestone announced the signing of a co-operation agreement with the Sean Edwards Foundation on Monday, to promote Milestone's Passion Project and its digital media and charity giving platform, Alchemy. The AIM-traded firm described

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12 Aug 2016 15:48

Milestone's Nexstar signs deal with NaPo

(ShareCast News) - Digital media and technology solutions company Milestone announced on Friday that its subsidiary Nexstar has signed a cooperation agreement to provide NaPo with a white label version of its Backstage HD digital platform and money-over-IP financial platforms. The AIM-traded firm sa

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