Time to stand up and be counted in my opinion..

news is turning positive here...wontg be long before sentiment drives this one up..........

Hello chaps,

Have been building a nice little stake in pcm since the start of the year. Management seem to have done a great job turning around this business. Must admit i'm into pcm due to the sit up deal which has massive potential, although ResponzeTV seems to be doing well.
Only question is, how are we going to pay for the sit-up deal?

Anywho, great day for pcm

Daws

Onward and upward as they say.

LONDON (AFX) - Pacific Media PLC said it is seeing double-digit month-on month growth in top-line sales albeit from a low base, backed by stringent cost management and greater efficiency across the company.

In a statement at today's AGM, chairman Darren Shaw also announced that the company has entered an exclusive licensing agreement with the UK home shopping company, Sit-up Ltd.

He also said the company is exploring fundraising opportunities and it has now made an offer to a third party utilising the authorities granted to it at the Annual General Meeting last year in relation to future funding. No further details were available and Shaw said the company hopes to release more information in due course once an agreement has been reached.

Under the licensing deal with Sit-up, Pacific Media said it and its wholly- owned subsidiary Pacific Media Asia Auctions Ltd (PMAA) have been granted the exclusive right to copy, adapt and exploit the price-drop tv and bid tv television channels and website formats, and the intellectual property rights that underpin these formats for any media or retail platform in China, Hong Kong, Macau and Taiwan.

In the third quarter of 2006 the company and PMAA aim to launch sit-up branded television channels in each of the regions the license covers.

Under the agreement, PMAA will pay to sit-up license fees of 14 mln usd plus, over the first 28 months following the first anniversary of the launch, royalties totaling 6,427,988 usd and thereafter will pay 2 pct of turnover for the remainder of the term of the Agreement.

sit-up will also be granted an option to subscribe for 219,298,246 new ordinary shares of the company at nominal value.

The license has an initial term of 20 years, with options to extend the term for up to 50 years, provided certain minimum turnover and broadcasting hours conditions are satisfied.

The right to enter into the agreement was previously held by MediaXposure Ltd and the company has now agreed to reimburse MediaXposure all costs and expenses incurred by it, amounting to 1.7 mln usd, plus interest, and has agreed to pay MediaXposure an additional sum of 500,000 usd.

newsdesk@afxnews.com

I like this bit.

Sit-up Founder Director Ashley Faull welcomed the Agreement with Pacific Media,
stating: "The professionalism, experience and local knowledge of the Pacific
Media team in Asia provides us with a strong alliance with which we can leverage
our highly successful and unique channel concepts in the exciting markets across
China, Hong Kong and Taiwan."

HAPPY.

hewittalan6
Al, waited long enough, topped up today on the news.

Brilliant! I shall wish a happy weekend to all who hold this little gem-a few years down the line we could be sitting on our island with a drink in hand!!

mp
I have joined you in the millionaire club.

Good man driver. Still think its a risky share, BUT, the odds now look to be in our favour. Upside now definately greater than potential downside!!!
Alan

Good for you--all together now!!

DRIVA
I am holding a load of these 3000000+
Happy days!!!!!

Alan it can't fall too far or it would be zero!! CWMAM--we'll catch you up soon I enjoy counting future gains in 000000 s!

CWMAM
So youre a multi then.

A bit disappointing sp rise seeing its the news we have been waiting for, may be it has to be digested, revenue worked out, ect, ect? I havent looked at it yet myself.

don't think its on many people's radar yet even though it's a main market share it's lowly price means it is an undiscovered gem IMO! plenty of time to accumulate some more even though they put out such regular announcements. interesting they heavily mark down the sell price at the end of each day-wonder why?

mp
I agree, undiscovered gem it is, I just printed out and read all the news, its looking good, as you say still time to accumulate.

We have a seller and until they are finished we won't see the full benefit (ref 70M sell)

I'm also a potential multi-millionaire on the back of this one and hope to join the island celebrations a couple of years hence.
The latest AGM report reads even better if you look back at last years annual report, which is still available on-line: the change in tone and sentiment is quite dramatic and undoubtedly reflects a new found confidence in the management. I think they still have funding problems but seem to be steering their way through and now are presumably enjoying improved cash flow.
It's all a gamble, in this case with lots of upside I think.
sd.

Please don't ask to see my figures and do not take this as gospel, but from my part I will be adding to this stock, bareing in mind it will not be up and running till the end of next year and I have based the profit on the UK (profit verses viewers) format, the Potential viewers that PCM will expect from China, Hong Kong, Macau and Taiwan could be ten times this 60m x 10 So this is at the low end. Also the license fees to sit-up of US $14.0m about 8m plus royalties totaling US $6.4m about 3.7m have to be found (loan) and paid back out of profits over a period of time.
The expected EPS X 20 (mid range for a tec stock) gives me an sp of about 3.70p, like I said it could be ten time this with the extra viewers, in what time scale who knows? But its looking good.

Been reading through this driver ,, very interesting...