April 1 |
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NewspaperDirect Completes $8.5 Million Round Led by Soses
Source: T-Net British Columbia (www.bctechnology.com)
Vancouver, BC, April 1, 2005—(T-Net)—NewspaperDirect announced today that it has closed an approximately $8.5 million round of financing led by Soses Investments B.V. This investment round will provide the company with operating capital and funds to invest in new technologies and business opportunities. The company will focus its efforts in particular on the emerging online digital media opportunities.
"We are pleased to announce this investment into our company and believe it will enable us to maintain and enhance our leadership position in this industry," said Alexander Kroogman, Chief Executive Officer. "We will continue to develop new and innovative approaches to digital newspaper and media distribution".
About NewspaperDirect
Founded in 1999, NewspaperDirect (www.newspaperdirect.com), based in Vancouver, B.C, Canada, is the world leader in digital delivery and local printing of same-day newspapers from around the world. With over 250 newspaper titles, and a global network of over 375 print locations in more than 70 countries, NewspaperDirect delivers to hotels, libraries, cruise ships, corporate offices, retail outlets, home subscribers and web browsers everywhere. The company has grown globally by establishing a partner network with over 50 licensed partners operating on six continents. NewspaperDirect also provides internet users with direct access to their favorite newspaper online through PressDisplay.com, which leverages the company's extensive content base and leading edge technology.
For more information about NewspaperDirect contact:
Richard K. Miller VP Sales & Marketing
Email: richardm@newspaperdirect.com
Phone: +1 (604) 278 4604 ext. 223
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