Milamber Ventures Plc
LSE : MLVP

December 14, 2015 05:46 ET

Strategic US Partnership

                                                                                           14 December 2015

                                           Milamber Ventures plc
                                       ("Milamber" or the "Company")
                                                     
                                                     
                                         Strategic US Partnership

Milamber  Ventures,  the  ISDX  (MVLP)  traded specialist business incubator  and  growth  accelerator,  is
delighted  to announce a strategic partnership with US based Hatch Group, in order to expand its  reach  by
helping its customers access the US market.

Based in New York, the Hatch Group consists of highly successful media, education and publishing executives
who help early stage media, technology and education companies find capital, talent and new business with a
focus on building value. It has taken equity stakes in more than 15 companies to date.

Securing  access  to  US  markets  is a key growth driver for many of Milamber's  portfolio  companies;  in
particular  securing business, distribution, funding or strategic partnerships from the major US  education
publishers and media houses.

Gary  June, a founding partner of Hatch Group currently owns 125,000 ordinary shares of 1p each in Milamber
("Ordinary Shares") and has been allotted a further  97,222 Ordinary Shares in respect of services provided
to  Milamber,  taking  his total shareholding to 222,222 shares, representing 6.8% of Milamber's  increased
issued  ordinary share capital. Three other key individuals at Hatch Group have also been allotted Ordinary
Shares  in  respect of services provided to Milamber: Dave Joseph (41,667 shares), Evan Schnittman  (41,667
shares) and Tim Moore (55,556 shares).  Combined, this gives key individuals at the Hatch Group a total  of
361,112  Ordinary  Shares,  which  equates to a 11.5% holding as Milamber currently  has  3,246,601  issued
shares.

Andy Hasoon, Chairman of Milamber Ventures, commented, "Our combined talent and resources are already being
utilised  to  help several of our portfolio companies access this major market at the highest  levels  with
targeted approaches aimed at building strategic value and accelerated growth."

The Directors of the Company accept responsibility for this announcement.

                                                  -ends-
Enquiries:

Milamber Ventures plc
Andy Hasoon
T: 07768 875 681
E: Andy.hasoon@milamberventures.com
www.MilamberVentures.com

Peterhouse Corporate Finance Limited (ISDX Corporate Adviser)
Mark Anwyl and Fungai Ndoro
T: 020 7469 0930

Cadogan Leander (Financial PR)
Christian Taylor-Wilkinson
T: 07795 168 157


About Hatch Group

Hatch  Group is a full-service venture support & development firm based in New York City focused on helping
startups in edtech, digital media, and big data systems and analytics fund and grow their businesses.

The  two  founding partners, David Joseph and Gary June formed Hatch Group in 2014. The Partners have  vast
experience in building ground-breaking businesses within large Fortune 500 corporations and as startups.

Hatch  Group  finds  that  relationships  with each portfolio  company  vary  depending  on  the  stage  of
development, strategic direction and operational needs. However, all of its relationships start from trust,
understanding the business in-depth and working closely together to meet individual objectives.

Gary L June is Founding Partner of Hatch Group and already a Milamber shareholder. Gary June is a media and
education  professional  with  15  years  "C" level, including CEO of  Pearson  Technology  Group,  Dorling
Kindersley,  and  most  recently five years as the Global CMO for Pearson Education.   He  is  a  board  or
advisory board member of five edtech and media companies, and an active investor in both spaces.  He  is  a
graduate of Stanford University and lives outside of New York City and in London.

David  Joseph is Founding Partner of Hatch Group. Dave is a veteran digital media and technology executive.
He most recently led Global Strategic Alliances at Houghton Mifflin Harcourt, where he created partnerships
with  leading technology companies to bring digital instruction to learners around the world. He previously
spent  seven  years  as  an  Internet  analyst at Morgan Stanley and held  leadership  roles  at  eBay  and
Audible.com  (acquired  by Amazon). He is an investor in, and advisor to, several startups  and  frequently
presents at conferences and universities. He has a BA from NYU and MA from Columbia University's School  of
International and Public Affairs (SIPA).

Evan  Schnittman is a Partner of Hatch Group and has broad experience in global media having served as CMSO
at  Hachette,  MD  of  Global  Sales  & Marketing at Bloomsbury, and VP  of  Global  Corporate  &  Business
Development at Oxford University Press. He also served as EVP at The Princeton Review. Evan has  both  deep
operational  experience managing 150+ member teams spread across the globe as well as created game-changing
deals  with companies such as Amazon, Apple, Barnes & Noble, Google, McGraw-Hill, and Target Stores. He  is
widely  known  in  the  industry as a thought leader, speaker and writer on the key issues  facing  content
companies in the digital world.

Tim  Moore is a Principal of Hatch Group. Tim has always enjoyed variety and change: the challenge  of  the
new.  He  has  delivered  at  a high level in professional, consumer, higher education,  and  international
publishing  and  distribution, including developing programmatic digital online courses. He  has  developed
deep experience in editorial/product management, sales, high profile customer relationship management,  and
business  development. Tim helped to build a computer/IT professional publisher from  $5m  to  $100m  in  8
years,  started and built a business consumer - professional publisher from zero to $20m in  7  years,  and
started a Business School Masters Degree online initiative that captured almost $10m in the first year.

Contact Information

  • Milamber Ventures Plc