Media Corporation Plc Launch of Forexspace.com

Media Corporation Plc Launch of Forexspace.com

Media Corp’s wholly owned subsidiary, Eyeconomy Limited, launches Forexspace.com to further capitalise on the huge demand for Foreign Exchange related advertising.

Media Corp, a leading advertising network and online gaming Group, is pleased to announce that its wholly owned subsidiary, Eyeconomy, the online advertising solutions provider, has today launched www.forexspace.com, to further capitalise on the huge demand for Forex trading based online advertising that Eyeconomy has seen during the past year. The website will launch with an initial advertising sponsorship contract worth £45,000 per month and, in addition, Eyeconomy is in advanced talks with a number of further advertisers to generate additional revenues for the site. The site was developed within the existing cost base and team and will be immediately cash generative for Eyeconomy.

Forexspace.com is a new Forex portal that offers all Forex content including live charts, technological and fundamental analysis on real time quotes. In addition, the site will offer users e-books, webinars, charts, economic calendar, tools and daily articles that can be used to follow all the processes of daily trading.

The site aims to build a Forex based community where people can share their own personal trading techniques. Expert analysts and traders will provide professional advice and their own view about market trends and the impact of economic news. Impartially reviewed and vetted online trading platforms will also be available to improve trading performance.

This is part of Eyeconomy's continued goal to grow its site representation division, through exclusive deals and ownership of sites that significantly increase its market reach. This division of Media Corp was significantly enhanced in June 2011 with the addition of the site representation contract with Digital Sports Group (“DSG”) the owner a network of over 50 leading websites; including football.co.uk, cricket.co.uk, tennis.co.uk, boxing.co.uk, golf.co.uk and motorsport.co.uk. In addition, DSG owns the www.footymad.net, a leading fan based website. The combined monthly traffic generated by DSG is 6 million unique users and 150 million page impressions, which doubled the size of Eyeconomy's exclusive banner advertising network and has been earnings enhancing from the commencement of the contract on 1st August 2011.

Justin Drummond, CEO, Media Corporation plc, commented: “2011 was a fantastic year for Eyeconomy with revenues rising to £7.3 million and a return to profitability. The launch of www.forexspace.com resulted from huge demand from Forex related advertisers and the need for more impartial Forex related destination websites for traders and consumers. We are aggressively expanding Eyeconomy and will look to sign more exclusive partnerships with publishers as we seek to expand the size and scope of the Eyeconomy advertising network”.

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