Oak Media signs TV contract with RHF productions

AIM-quoted financial services group Blue Star Capital announced Oak Media has signed an agreement with RHF Productions for the advertising of its products across RHFs TV channel inventory.The service will be launched in the second quarter of 2014 across RHF's 1- subscription TV channels on SKY, Virgin & Freeview platforms in the UK. The software will allow Oak to actively market casino services to an existing 0.25m subscriber database.The group, which owned 75% of Oak Media, announced on December its shareholding in the company was reduced to 65%. Oak's management can increase their shareholding to a maximum of 50% conditional upon Oak becoming profitable.Chairman, Graham Parr said: "Blue Star is delighted that Oak has concluded an agreement with one of the UKs largest operator of UK TV channels. This contract represents a major step forward in its strategy to capitalise on this fast growing market."As of 08:55, the share price had risen 8.33% to 0.6p. WS