17 Nov 2014 10:41
FOR IMMEDIATE RELEASE
17 November 2014
Matomy Media Group Advertising Customer Update
Matomy Media Group Ltdannounces that it has learned that American Laser Centers, LLC ('ALC'), one of the company's advertising customers in the United States, has filed for bankruptcy protection. Matomy anticipates that the impact of the ALC bankruptcy filing will likely result in a decrease to Matomy's adjusted EBITDA for the full current year of up to $1.5 million.
Matomy will seek to recover outstanding ALC debts, and is satisfied that it has adequate risk management procedures in line with industry practices. Aside from this development concerning ALC, Matomy is trading in line with market expectations.
Matomy expects to issue a general trading update on Wednesday 26 November 2014.
About Matomy Media Group
Matomy Media Group Ltd. (LSE:MTMY) is one of the world's leading digital performance-based advertising companies. Working across Web, social media and mobile platforms, Matomy offers advertisers, media partners and publishers a range of opportunities to generate risk-free performance-based results, delivering quality, scale and speed by providing a single gateway to all digital media channels. Matomy's marketing solutions include: a display ad network; mobile, social and video advertising; email marketing; search marketing and search engine optimization; a virtual currency platform; and domain monetisation.
For more information:
www.Matomy.com
Facebook: www.facebook.com/MatomyMediaGroup
Follow us on Twitter: @MatomyGroup
LinkedIn: www.linkedin.com/company/matomy-media-group
MEDIA ENQUIRIES
Tulchan Communications
+44 20 7353 4200
Lucy Legh
Stephen Malthouse
Giles Kernick
Matomy Media Group Ltd.
+1 646 264 0144
Keith Trivitt