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.
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.
