Milamber Ventures Plc
LSE : MLVP

July 25, 2014 02:00 ET

Trading Update for the Quarter Ended 30 June 2014

                                           MILAMBER VENTURES PLC
                                       ("Milamber" or the "Company")
                                                     
                             Trading Update for the Quarter ended 30 June 2014
                                                     
During  the period ended 30 June 2014, Milamber Ventures plc (ISDX Growth Market - MVLP) continued to  make
good  progress  in  the  implementation of its strategy. In particular, the  Company  acquired  a  material
interest in Bull Rodger Limited and increased its equity interest in Engage Production Limited ("Engage").

Milamber and Engage each own 49% of Flux Impact Limited, which on 28 March 2014, launched a permanent event
space,  the  Flux  Innovation  Lounge,  to showcase innovation in  technology  solutions.  There  has  been
significant  press  coverage of the Flux Innovation Lounge, including a CNBC TV interview  with  Milamber's
Chief   Executive,   Andy   Hasoon,   on   the  "Store  of  the   Future",   which   can   be   viewed   at
www.MilamberVentures.com.  Since  opening its doors, more than  1,000  senior  executives  from  blue  chip
organisations have attended the Flux Innovation Lounge and experienced the various exhibits, which  include
a  4m  x  3m  multi touch state of the art interactive media wall, Google glasses, an Oculus  Rift  exhibit
(Oculus  was  recently  acquired by Facebook for $2Bn), various Holographic  displays  including  the  HOLO
designed  by Conran, as well as several Augmented Reality case studies, including the Fashion 3D  pod,  and
other  cutting  edge  innovations.  The exhibits articulate certain business  stories  and  help  companies
understand  the value that can be delivered to accelerate business performance through customer engagement,
interactivity and harnessing innovation.

If  any  of  our  shareholders or partners would like to see first-hand how we are  helping  our  portfolio
companies  grow, we suggest you make an appointment to visit the Flux Innovation Lounge hosted  by  Engage,
based at Wool House, 74 Back Church Lane, London, E1 1AB, by e-mailing Jessica.Cornes@MilamberGroup.com.

We  continue to evaluate several new business proposals each month, conducting a rigorous selection process
before  taking  on  companies  where we believe we can add strategic value  via  new  business  development
opportunities.  Our philosophy is simple: the best way to grow a company is to secure more sales  and  fund
growth through the profits generated from paying customers.

A  more  detailed description of Milamber's activities will be provided with the Company's results for  the
year ended 31 March 2014, which are expected to be announced in August 2014.

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
        
Peterhouse Corporate Finance Limited
Mark Anwyl and Fungai Ndoro
T: 020 7469 0930

Contact Information

  • Milamber Ventures Plc