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The Swish Group - Re-listed on the ASX (ASX:SWG)

Almost 2 months ago, I mentioned my new role as Managing Director of The Swish Group (ASX:SWG) and our efforts to re-capitalize the company and have it re-listed on the Australian Stock Exchange (ASX).

I'm very pleased to report that last Friday (May 28th, 2010), The Swish Group was officially re-quoted onto the ASX.
 
Later that same day we also announced the acquisition of Mp3.com.au (http://www.mp3.com.au), TheScene (http://www.thescene.com.au) and NiceShorts (http://www.niceshorts.com.au).
 
These 3 websites were formerly owned by Destra corporation and between them have a collective audience of around 130,000 unique visitors per month. More impressively, they boast over 100,000 original songs from around 20,000 unsigned artists.
 
As I stated in the announcement...
 
"We see a significant opportunity to increase the sites online audience, membership and use as well as grow revenues by exploiting the large pool of original content through the rapidly expanding range of online distribution platforms now available.”
 
The full ASX announcement can be found below.

Click here to download:
SWG acquires MP3, NiceShorts & TheScene.pdf (44 KB)
(download)

 You can also access the above announcement and all other Swish Group ASX announcements on the ASX website (http://asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=SWG#headlines).

 
For more information on The Swish Group visit the official website here.

The Swish Group - Update

You would probably have realised from my numerous blog posts, tweets and fan page updates that I’ve been very active of late.

Back in December 2009 I made mention of the announcement to the Australian Stock Exchange (ASX) that an agreement had been reached to recapatilise The Swish Group (ASX:SWG). I was also appointed Managing Director of The Swish Group at this time.

First and foremost my focus as the recently appointed MD of The Swish Group has been to work with the Board of Directors of the Company to restructure if and get it back on to the Australian Stock Exchange.

I’m pleased to report that the stated aim of having Swish re-listed moved one step closer last week with the announcement to the ASX of the Notice of Annual General Meeting.

The full announcement can be viewed here.

Click here to download:
The Swish Group NOM 310310.pdf (1.32 MB)
(download)

It can also be downloaded directly from the ASX here.

Should 'all' the proposed resolutions be passed (and subsequent to this, the Company succeeds in raising working capital in the weeks following) then the Company could be re-listed as early as the middle of May, 2010.

For more information on The Swish Group visit the official website here.