News

Intellectual property group Galleon said its Hong Kong based media solutions company Phoenix has signed an agreement with Malaysian TV stations Metropolitan TV and CH-9 Media.

Under the terms of the deal, Phoenix will receive a fee for the supply of its multi-platform interactive system, ongoing management fees and a revenue share on related activities as a part of a multi-year service agreement to provide SMS gateway, interactive advertising and SMS campaign management.

"Phoenix has made very good progress and we are continuing to develop the business in line with our strategy to provide a strong multi-media entertainment platform into the main emerging markets in the Far East," said chief executive Stephen Green.

SCi Entertainment has appointed Jurgen Goeldner as interim chief operating officer with immediate effect.

Goeldner previously held senior executive roles in a number of organisations including Funsoft and THQ.

The news comes after SCi's chief executive and two managing directors left the computer game group last week.

Advisory and design consultancy firm Hyder Consulting said trading during October 1st and January 20th has been in line and to its expectations.

The group said order book continues at record levels and management's outlook for the current financial year remains unchanged.

It said it has a pipeline of further potential infill acquisitions, principally in the Asia Pacific and Middle East Regions, which it continues to pursue.

Coffee shop chain owner Coffee Republic has signed an agreement with Aquila to develop Coffee Republic delis in Kuwait. Aquila has agreed to roll out a minimum of fourteen units over the next five years.

"Discussions are in hand with counterparties seeking rights in other countries which may lead to further agreements," said chief executive Steven Bartlett.

Steam cleaner Proventec has won a 14-month tender for the sole provision of specialist steam cleaning equipment to the NHS.

The tender agreement is a direct response to the UK Government's £50m of extra funding for the Strategic Health Authority. The agreement has an option of a further one year extension.

Impact Holdings said its Impact Bridging Solutions subsidiary which specialises in short term property based lending has had a very successful start to the New Year.

The group added that it is discussing a number of niche opportunities to compliment its existing solicitor lending and property related funding operations.

"The progress made in the property bridging division is an encouraging example of what we seek to achieve in the future across a number of niche sectors," said chief executive Paul Davies.

Golden Prospect Precious Metals believes the strong gold price will continue for the foreseeable future and that this will in turn feed positively through into the Net Asset Value (NAV) performance.

NAV rose to 111.22p per share as at 31 December compared to 93.61p at 31 August. The mid-market share price was 96.5p, a share price discount of 13.2% to NAV.