| Tue 26 Feb 2008, 15:29 | | MNY - Moneyweb Holdings Limited - Moneyweb lands key global partnership |
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MNY
MNY
MNY - Moneyweb Holdings Limited - Moneyweb lands key global partnership
MONEYWEB HOLDINGS LIMITED
(Registration No:1998/025067/06)
Share code: MNY & ISIN: ZAE000025409
("Moneyweb" or "the Company")
MONEYWEB LANDS KEY GLOBAL PARTNERSHIP
Mineweb.com to be integrated with international leader
AltX-listed business and financial media company Moneyweb is to integrate its
Mineweb.com website with InfoMine.com - the Vancouver-based leader in high
quality intelligence and data on the global mining industry.
InfoMine`s websites provide access to the largest, most fully integrated source
of worldwide mining and mineral exploration information. Moneyweb`s Mineweb.com,
which is operated out of London, is a global leader in the provision of mining
and resource sector news and information.
Moneyweb Chief Executive Alec Hogg says the partnership is a quantum leap in the
company`s offshore expansion: "The deal catapults us into a serious global
partnership. InfoMine, established in 1989 and with over five dozen full-time
staffers, is the most comprehensive mining data and information offering in the
world covering over 16 000 individual mining properties. You cannot be involved
in the mining sector without knowing and using InfoMine."
Andy Robertson, internationally respected engineer in the mining industry and
founder and President of InfoMine said: "We are delighted and excited about the
partnership and look forward to it growing in scope with time. We will do our
best to make this first step a great success.We believe that the synergies
between our respective offerings will translate into an improved product for
users whose numbers we expect to increase, along with the number of pages they
read when visiting InfoMine and Mineweb."
Hogg says: "InfoMine`s base stretches across all time zones but is especially
strong in the key North American market, and also produces Spanish and
Portuguese editions for South America. There are many opportunities for the two
companies to partner on a wider basis. But we are mindful that getting the first
step right is the immediate priority.
"By integrating Mineweb.com into InfoMine, users of both services will
experience a significant improvement in the richness and quality of information
- turning them into a one-stop shop for all mining interests - from the
operators and suppliers through to investors and financiers. It will be mining`s
most comprehensive data and news offering in the world."
Many of InfoMine`s over 410 000 unique monthly users will be exposed to
Mineweb`s editorial content for the first time when the partnership launches in
late March.
"InfoMine enjoys a very strong and loyal audience, the majority of whom are not
currently exposed to Mineweb," says Hogg. "Exposure to the large InfoMine
audience will have a positive impact on the reach of Mineweb.com, with obvious
benefits for its advertisers.
"It also provides a useful uplift in our offering from a technology perspective.
For instance the ability to contextually link adverts with content through key
words will be implemented and maintained by InfoMine on Mineweb."
Advertising on Mineweb will be sold by both the existing Mineweb team and the
sales arm of InfoMine. Advertising on InfoMine`s public company, property and
news pages will also be handled by this expanded team.
Mineweb content will continue to be produced under the leadership of a team
managed by London-based editor Lawrie Williams. Since mid-2006, under Williams`
stewardship Mineweb has significantly grown both its audience and revenues. It
is once again making a positive bottom line contribution to Moneyweb Holdings,
best known through South Africa`s leading investment and news website
www.moneyweb.co.za.
Williams has established a wide network of global contributors, resulting in an
improved editorial product providing true global coverage.
About Moneyweb
- Listed on the Alternative Exchange of the JSE Limited, the company was
founded in 1998. It owns the market-leading online business and investment
news website Moneyweb.co.za; the London-based global resources news leader
Mineweb.com and a number of smaller websites run as joint venture
partnerships.
- The company pioneered business radio in South Africa and during prime time
on weeknights produces the nationally broadcast Moneyweb Power Hour (Radio
2000) and Geldsake met Moneyweb (RSG) in partnership with the SABC.
- Moneyweb also has partnerships in television with CNBC Africa (Power Lunch
with Moneyweb); and in print with Caxton and Naspers by providing the
content for the business sections of The Citizen and Weekend Witness
newspapers.
- The company reaches well over a million people daily through its internet,
radio, television and newspaper offerings.
- Moneyweb produced a 144% increase in headline earnings for the half year to
end September 2007 as revenue rose 30% to R12.4 million. It is on track to
post a record for the full financial year.
- Moneyweb Holdings is 25,1% owned by the broad based Black Economic
Empowerment entity Isingqi Investment Holdings.
- InfoMine was founded in 1989 as a database containing information on mining
worldwide. InfoMine went online in 1994 and today employs over 60 people.
- InfoMine is based in Vancouver, with offices in the US, Peru and Brazil.
Spanish and Portuguese versions of the site have also been launched.
Rosebank, Johannesburg
26 February 2008
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