Archive for the ‘Bloomberg’ Category

BlackStar Investment

Wednesday, July 5th, 2000

BlackStar, a Northern Ireland based online video retailer, has delayed its listing on the London Stock Exchange due to investors’ dwindling appetite for Internet investments, the British Broadcasting Corp. reported on its Website, citing the company’s Marketing Director Jeremy Glover.

BlackStar, which has monthly sales of about 1 million pounds ($1.5m) per month, said in April it planned a share sale and has raised £6 million from investors. “The ability to raise £6 million in current circumstances is a real vote of confidence in our business model, even as the listing was delayed,” said Glover.

The company, which has recently added cinema and television listings to its Web site, expects to become profitable before year end, the BBC said.