Paul Korda . com - The Web Home of Paul Korda, singer, musician & song-writer.

International Entertainment News

Wednesday, January 23, 2008

Motion Network TV Announces TV Shopping Deal With Hunan TV

Motion Network TV Announces TV Shopping Deal With Hunan TV

ZUG, Switzerland, January 23/PRNewswire-FirstCall/ -- Swiss Hawk AG announces that its portfolio company Motion Network Holding
Plc ("MNH") has concluded a TV shopping deal with Hunan TV through its 100%
French subsidiary Antetime Production, Paris (Antetime). The nature of the
deal is the supply of luxury brand products to Hunan TV end users as well as
a weekly TV show presenting one luxury brand and its environment each week.
Brands such as Lolita Lempicka, Balmain, Poiray, Kenzo design and many others
have formally agreed to be in the first shows to be broadcast by Hunan TV.

MNH expect its subsidiary Antetime to secure average revenues of at least
EUR 100,000 per week (net margins 25%) during the first year starting from 17
March 2008.

MNH will jointly manage the TV shopping operations with Alchemia, a local
Chinese importer based in Shanghai. Alchemia will play a key role in the
triangle operation, taking care of logistics, customs, billing and customer
relations etc.

About Hunan TV

Hunan TV, Changsha based broadcaster covers South East China with 150
million households from Guangdong to Nanking. Hunan TV's shopping revenues
have surged to Euro 120 million in 2007 and since its inception in 2004 Hunan
TV has secured a growth rate of 50% year on year on its revenues from TV
shopping. http://news.hunantv.com/English/,

About Motion Network Holding Plc

Motion Network Holding Plc ("MNH") operates in the sector of
communication and provides B2C and B2B services in the area of Television,
IPTV, Internet, media content production and post production, software and
retail. MNH operating services cover mostly Europe, Far East and the US.

MNH's wholly owned Luxembourg subsidiary Motion Network TV ("MNTV") is
the main group company that operates as a pan European film and music
dedicated TV channel. In addition, MNTV gives the opportunity to Internet
businesses such Dotlight (based in Stockholm) to promote their services and
develop a commercial client base in the area of film downloading and
electronic talent agency.

MNTV is negotiating several TV / media deals through its French
subsidiary company Antetime Production. MNH expects to close a niche Swiss TV
company in the immediate future.

For further information about MNH visit http://www.motionnetworktv.com.

URL: http://www.swisshawk.com

About Swiss Hawk AG

Swiss Hawk AG is building an alternative asset management business
through the pursuit of an aggressive investment policy based on actively
investing and trading in participations in alternative asset class
transactions (mainly late stage pre-IPOs / IPOs) with high-growth potential
and planned short term exit. Swiss Hawk is listed on the Frankfurt Stock
Exchange Open Market.


For further information contact:
Mrs Pranee Schneider
Tel: +41-41-511-0198
E-Mail: contact@swisshawk.com

Source: Swiss Hawk AG

For further information contact: Mrs Pranee Schneider, Tel: +41-41-511-0198, E-Mail: contact@swisshawk.com


-------
Profile: intent

0 Comments:

Post a Comment

<< Home