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

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

News and Press Coverage from the Sit-Up web site. worth another look.


Sit-up channels closes license deal
Released 22/07/05

London 22nd July 2005 - Pacific Media today announces that it and its wholly-owned subsidiary Pacific Media Asia Auctions Limited (PMAA), have entered into a licensing agreement (Agreement) with sit-up Limited ("sit-up"), conditional upon certain matters described below. The license has been granted for the exclusive right for PMAA 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 (including the know how required to operate the formats successfully and the bespoke elements of the computer systems) for any media or retail platform (the Format) in China, Hong Kong, Macau and Taiwan. Pacific Media will guarantee the obligations of PMAA under the Agreement.

Pursuant to the terms of the Agreement, the Company and PMAA aim to launch sit-up branded television channels in each of the regions the license covers. These branded channels will operate alongside the Companys existing TV home-shopping operations. Subject to obtaining the appropriate funding and shareholder consents needed, the Directors expect to launch the Format during the third quarter of 2006.

Under the Agreement, PMAA will pay to sit-up license fees of US$14.0 million plus, over the first 28 months following the first anniversary of the launch, royalties totaling US$6,427,988 and thereafter will pay two per cent of turnover relating to the Format 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.

As previously announced by the Company, the right to enter into the Agreement was previously held by MediaXposure Limited (MediaXposure), a related party to the Company. MediaXposure and the Company have worked together in investigating this opportunity. Subject to shareholder approval, the Company has agreed for PMAA to acquire such rights and has agreed to reimburse MediaXposure all costs and expenses incurred by it, amounting to US$1,700,000, plus interest, and has agreed to pay MediaXposure an additional sum of US$500,000.

The Agreement and the arrangements with MediaXposure are each subject to the Company obtaining relevant shareholder consents, and are also subject to receipt by the Company of the appropriate funds required to finance the matters set out in the Agreement. The Directors are currently reviewing a number of fundraising opportunities which they intend to update shareholders on in due course.

sit-up is one of the UKs fastest growing TV retailers, hosting a portfolio of TV home shopping channels that currently consists of bid tv, price-drop tv and Screenshop. sit-up's live channels have a collective customer base of over 2 million people and its channels are watched each month by in excess of 5 million viewers. sit-up, which was launched in 2000, achieved turnover for the year ended 31 December 2004 of 206.1 million and profit before tax of 11.5 million. sit-up is ultimately owned by Telewest Global Inc, the broadband communications company, through its wholly owned subsidiary, Screenshop Ltd.

Building on the solid progress we have made since the start of the year, this significant agreement with sit-up brings us closer to achieving Pacific Medias key aims: firstly, to become one of this regions most innovative retailers; and secondly, to deliver value to our shareholders and customers commented Pacific Medias Executive Chairman, Darren Shaw, from Hong Kong. Our operations have turned the corner, and this agreement with sit-up, a fast-growing business led by a young and innovative management team, provides a perfectly complementary platform for Pacific Media to build sustainable long term growth.

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.

Further details of the Agreement and the arrangements with MediaXposure will also be provided to shareholders in due course.

http://www.sit-up.tv/news/2005/news_pr220705.htm

thanks for the tip-I'll remember that. just bought another long term two today being picked up by fund managers at the moment--not that they are always right!!
they are CLE a hot area and possible future bubble-good report on them in last Sunday Times-they hold a stake in Biofuels and 50% of an exchange market in carbon emissions and this is what everyone's excited about-not much reseach available yet. also one called Billing Services-hot in USA apparently so I've picked a tiny holding-BILL. let me know what you think.

There is nothing for BILL on Digitallook,is this an IPO and ,if so,when?
Can't find anything under CLE.Help,please moneyplus.
Ethel

BILL floated in June and you can find it quoted on comdirect/squaregain site-apparently the directors are disappointed at the lack of interest in the company as outsourced billing is very big in the US should take off here soon. they are doing the rounds of the fund managers and some are buying in early. they collect billings for telecom companies. CLE can also be found on comdirect-this company recently floated and has gone up quickly. set up by the CEO of Brit insurance and a partner to invest in companies involved in climate control hence the name of the co. Climate Exchange. They have invested in Ceres Power, Biofuels, Trading Emissions and have a 50% stake in the European Exchange in carbon emissions--growth in that apparently is rocketing according to the Sunday Times last weekend and Icap have increased their dealers from one junior to 8 full time in 9 months.
companies who need power can buy these carbon emissions from companies who have gone green and don't need their full entitlement under the Kyoto agreement-they do this through the dealers on these exchanges. That is my simple understanding of it and it sounds like a huge potential market particularly if they can get America onboard. I'm sure the experts on this board could tell us more.
I just thought I'd pick up a few through a telephone buy on comdirect. CLE is hot but BILL might take quite a time for anyone to want to buy it so I've only bought 700. hope your investing is going well Ethel--I've just found I'm up to my Capital Gains limit and wondering whether to switch to spreadbetting for the rest of the year-I couldn't bear to stop and do nothing!!

added to PCM--will be looking forward to even higher profits now!! still time for the patient to get in.

Does anyone why the price has dropped? So many buys yet price is not going up, any reasons for this?

P.C.M. offers 3min loan notes,share option to D.K.R. soundshore

A good time to top up if you can after the latest announcement it means cash towards the sit up deal although they will properly need a lot more. Plenty of buys today 26m I would have thought the sp to have picked up at the end.

Nearly 18M shares bought so far, yet sp still not moving...how is this possible?
Can anyone shed light on this.

Thanks

pcm a few deals going thro , but caution is reqed i think as they obv need lots of funding and still no news on actual cash flow coming in or even projection of , and so many shares in issue
i hold a couple of mill or so but dont expect much return on these in the short term ,

Another announcement, sp will pick up soon imo a good time to top up..

25th August 2005

Pacific Media plc (the Company)

Pacific Media plc announces that on 24 August 2005 it obtained a Court Order
from the High Court of Justice in England and Wales allowing the Company to
cancel the following:

1. The Class A deferred shares of 0.09p each in the capital of the Company
(Deferred Shares) amounting to a nominal value of 46,669,461.56; and

2. The amount standing to the credit of the share premium account of the
Company amounting to 32,849,613.04.

The cancellation of the Deferred Shares and the amount standing to the credit of
the share premium account of the Company will be used to eliminate the
accumulated loss on the profit and loss account of the Company and will create a
reserve as to the balance against which future losses can be eliminated.

Do you know what this means...the announcement that is?

41M traded and not a whiff of a rise. Whats going on?

Thats not much... very low to the amount of shares on issue!

topped up again today, tempted to do so again however am thinking maybe should wait for income to start coming in b4 doubling my holding. This one will be my first long term hold- thinking of keeping for 2-5 years, hopefully we'll be at 1 by then :)
Wonder if I book an enzo now, I should hopefully be next on line to receive it in 5 years? Number plate 'PCM' !!!

I've held previously but got out at a loss. Looking long term this time........fingers crossed. Ticked up 1 point!

115m buys today going strong.

Can this become a new QXL.

QXL was 150p not long ago, it's 4700p now- My money could rise over 30 times if I held it by now. instead, I sold at 315 and lost about 3k.

I cannot afford to make the same mistake here. Let's hope.

this wont go nowhere without some figures of income !!

Never say never. Let's hope
I did have that sort of idea when I sold QXL. It's 4800p now.

biffa

That is why everyone is buying now ! If it does produce the same results as Sit-Up do in the UK then think of the potential of the share price increase. It is good to see that people are talking long term with this stock as in reality, short term, it will be volatile.

Even though the present price is .14 to buy I have resisted adding as I believe that when the short termers exit it may dip a little lower. I have enough in my pot to not worry if it doesn't but what the heck.

Seems like the recent news is a tidying up and part confirmation that the finance for Sit-Up is being put in place.