Milamber Ventures Plc
LSE : MLVP

January 29, 2014 02:00 ET

Quarterly Trading Update

                                                                                                          GB00B23F8C32
                                                                                                       29 January 2014


                                                 Milamber Ventures plc
                                             ("Milamber" or the "Company")
                                                           
                                               Quarterly Trading Update

Since  30  September  2013, I am pleased to report that Milamber's client base has increased and we  now  support  the
following  companies: Engage Production Limited, Flux Impact Limited, Sherston Software Limited, Bull  Roger  Limited,
Miss  Amelia  Presents,  Grand  Prix  Team Manager, Hackathon Central and Ecopram  Limited.  We  are  being  regularly
approached  by technology, media and education businesses for help and we are currently evaluating taking on  some  of
these as new clients.

With each of our portfolio companies we help put in place a Business Development plan to achieve the objectives of the
management team and shareholders. We create clear messages to attract the right audiences and customers to help  scale
the business.

By way of example, in the last quarter we assisted a portfolio company in securing new bank finance, launching two new
products  (resulting in extensive press coverage which is raising their profile) and securing significant new business
contracts  with  blue  chip corporate customers. Another portfolio company has recently completed  a  Venture  Capital
funding  round,  following  which  it  is  taking its products into defined markets,  including  taking  advantage  of
introductions  from  Milamber  to a market leading US education publisher. We have also  been  preparing  one  of  our
portfolio companies to bid for funding from various grant bodies, including an application to the Technology  Strategy
Board.

In addition, Flux Impact Limited, in partnership with Engage Production, has been preparing a brand new, state-of-the-
art,  innovative  technology showroom, the Flux Innovation Lounge. Sparked by the desire to  showcase  our  technology
partners  and  give  clients the opportunity to experience the latest interactive technologies  first-hand,  the  Flux
Innovation  Lounge will be a permanent, constantly updated showroom, as well as a networking and event space.  Various
sponsors have been signed up and the lounge is being built ready for launch in Q2 2014.

Our business strategy is as follows:
    
    *       By creating value for clients, we secure equity stakes which, over time, are expected to deliver dividends or
        capital returns for Milamber, either when the portfolio companies are profitable and distribute those profits to
        shareholders or on an exit event; and
        
    *       We get paid fees and commissions by our portfolio companies for the business development activities we help
        support and secure for them. These fees and commissions cover the day to day running costs of Milamber Ventures plc.

I look forward to keeping shareholders informed of the further implementation of this strategy.

The Directors of Milamber are responsible for the contents of this announcement.

ENQUIRIES
     
Milamber Ventures plc
Andy Hasoon
T: 07768 875 681
E: Andy.hasoon@milambergroup.com

Peterhouse Corporate Finance Limited
Mark Anwyl
T: 020 7469 0930
     
    

Contact Information

  • Milamber Ventures Plc