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NewspaperDirect Completes $8.5 Million Financing Round

Tuesday, March 15, 2005

Press release from the issuing company

VANCOUVER, British Columbia--March 14, 2005-- NewspaperDirect, the world leader in digital newspaper distribution, 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."

 

 

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