6 Jun 2008 07:00
For immediate release
6 June 2008
Hecta Media Inc
("Hecta Media" or "the Company")
Domain Portfolio Acquisition
Hecta Media Inc (AIM: HCTA), the web consolidator, is pleased to announce that further to its announcement on 13 March 2008, the Company has exercised its option to acquire the first of two additional portfolios of domain names for a cash consideration of US$734,825 to be financed from existing cash balances. The domain name portfolio comprises mainly German and other European parked domain names that receive direct navigation and search traffic which can be monetized through search links to generate click-through advertising revenues.
As with its existing portfolios, the Company intends to maintain the domain registration of those domain names that the Directors consider are capable of generating ongoing direct navigation and search traffic and click-through revenues in excess of annual registration costs. The Directors will also consider adding new content to those sites with higher visitor traffic to maintain traffic and revenues.
There are no historic audited trading results available for the latest domain portfolio acquisition. Nevertheless, the Directors believe that the domain names are likely to make a positive contribution to earnings in the current year.
Clark Landry, CEO of Hecta Media Inc, commented:
"We have been pleased with the performance of our acquisitions to date and continue to be encouraged by the opportunities we're seeing to acquire internet assets at attractive valuations in fitting with our investment strategy."
ENDS
Further Information:
Hecta Media Inc
Clark Landry (CEO) Tel: + 1 310 570 3820
Beaumont Cornish Limited
Roland Cornish Tel +44 (0) 20 7628 3396
gth media relations
Toby Hall /Christian Pickel Tel: +44 (0) 20 7153 8039/8036
Or visit the group's website at www.hectamedia.com