Ulster firm set to Net a million

Three Ulster entrepreneurs are poised to take their first steps to becoming millionaires. Jeremy Glover, Darryl Collins and Tony Bowden are looking for investors to back the flotation of their Belfast-based on-line video store.

The three men behind the dynamic young Internet retailer, BlackStar, currently the UK’s fastest growing on-line video retailer, are in talks with leading investment banks with a view to taking the company public.

Set up just 2 years ago BlackStar now boasts over 50,000 video and DVD titles – the average high street store stocks around 2,500 – and customers in 95 countries across the globe.

Darryl Collins, the company’s chief executive officer and one of the founding partners said a potential flotation was just one of the options being explored.

Speaking from London today Mr.Collins said: “One of the opportunities we are looking at is taking the company public, we want to continue our expansion into Europe.”

“We are planning for the long term but in terms of Internet timescales one year is a long way away to plan – there is no way of saying how big or how far this can go. Although it would be nice I don’t think we are going to be Internet millionaires just yet”

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