Classified Ad Ventures Takes 4.8% Stake in Quick Flix
Classified Ad Ventures, through its investment arm, CAV Investment Holdings, has taken a 4.8% stake in the ASX listed online DVD rental site, QuickFlix. This investment was part of the $750,000 capital raising just completed by the company. Here is the full ASX announcement.
Quickflix has successfully completed a private placement to raise $750,000 at an issue price of 5c per share. The placement was strongly supported, attracting a number of high quality, new shareholders to the Quickflix register. New shareholders include CAV Investment Holdings, the investment fund of Simon Baker, who from 2001 to 2008 was CEO and Managing Director of the ASX-listed REA Group Ltd (ASX: REA) which operates the successful Australian and international online real estate businesses including www.realestate.com.au.
This new funding will enable Quickflix to increase its marketing activity in attracting new subscribers and take advantage of its existing strong growth momentum. The board is delighted to welcome our new shareholders to the register.
New Hippo Jobs Site Launched
Today Hippo launched a new look and feel to their site. The new look and feel brings a more professional edge to the site while maintaining the appeal to the primary 18-25 year old audience.
The aspiration is to expand the appeal of the site to a broader audience and therefore to cover part time and casual jobs for 18 – 80 year olds rather than the current target audience of 18 – 25 year olds.
This is the first in a range of site modificatons to be launched over the next 3 months.
iProperty.com beefs up Senior Management Team
The iProperty.com Group (www.iproperty.com), Asia’s leading network of property portals owned by IPGA Limited (ASX: IPP) (www.ipgalimited.com), has announced the addition of two key management team members – Denise Chu from Monster.com.hk and Matt Allanson from REA Group (Realestate.com.au).
Denise Chu, former Sales Director at Monster.com.hk, has been appointed as General Manager of its Hong Kong operations – the GoHome.com.hk network (www.gohome.com.hk). Meanwhile, Matt Allanson, former National Manager of Major Accounts (Commercial) at the REA Group, joins the group as Regional Head of Business Development and will be working with each country manager and all sales teams to drive up sales revenues across the group.
Prior to joining iProperty.com, Denise headed the sales team at Monster.com.hk. During her tenure there, she was responsible for developing and leading a team to grow its online sales footprint in new and existing markets. She was also in charge of expanding the business across the Greater China Region as well as driving regional and global deals for the company. Some of her notable achievements at Monster.com.hk include achieving the title of ‘Top Performer in year 2007’ and successfully developing a new sector in 2006 which generated strong revenue growth for the Hong Kong business. Denise holds a Bachelor’s Degree in Business Administration with a major in Accounting and Finance from the University of Hong Kong and a Master’s Degree in Communication and New Media from the City University of Hong Kong.
As the National Manager of Major Accounts at REA Group, Matt worked specifically on its commercial property portal helping to build it into a dominant and profitable market leader. Some of his key achievements during his tenure there include working across the merger and business migration of www.propertylook.com.au; controlling strategic and exclusive partnership agreements with CB Richard Ellis, Colliers, Knight Frank, Jones Lang LaSalle and Savills; online brand development. With more than 10 years of experience in new media under his belt, Matt Allanson has a deep history in growing internet based retail, wholesale and property businesses, has been a fulltime representative level Sportsman and is currently studying an MBA at Deakin University. The REA Group is the operator of Australia’s biggest residential and commercial real estate websites, and own online real estate properties across the world.
Patrick Grove, Executive Chairman of the iProperty.com Group said, “Both Denise and Matt are star players in their fields, with stellar track records and a wealth of very relevant experience. I am confident that the addition of these two veterans to the team will be instrumental to bringing the Group to the next level, helping us achieve our aggressive growth targets and further consolidating our position as Asia’s dominant No. 1 online property group. We are very excited to have Denise and Matt on board and warmly welcome them to the iProperty.com family”.
Both Denise and Matt will be reporting directly to the group’s Chief Executive Officer, Ken Tsurumaru.
The iProperty.com Group is Asia’s No. 1 online property group, with leading property websites in Singapore, Malaysia, Hong Kong, Taiwan, India and the Philippines. Its network of websites attracts over one million unique visitors every month. It is part of Australian Securities Exchange-listed IPGA Limited (www.ipgalimited.com), (ASX: IPP). In 2009, the iProperty.com Group made history by winning the highly prestigious CNBC Arabiya Asia Pacific Property Awards in the “Best Property Portal” category for six of its websites – Singapore, Malaysia, Hong Kong, India, Philippines and iLuxuryasia.com.
