17 Jun '11, 4am

Toronto Based Direct Media Technologies Which Owns 80K Domains, Gets $4.5 Million In Equity Financ..

Direct Media Technologies Inc. today announced the closing of a US $4.2 million round of equity financing with a group of Canadian and foreign private investors. Raymond James Ltd. and Ubequity Capital Partners Inc., along with several others, assisted the financing. Toronto based Direct Media Technologies is an internet company that specializes in domain ownership, domain monetization and domain sales. The company owns over 80,000 Internet domains and derives revenue through advertisements. Direct Media Technologies intends to use proceeds to continue to aggressively consolidate its focused niche of the web domain sector. “Direct Media Technologies said it has been working on several acquisitions in parallel to the financing process. “..We look forward to (i) completing these transactions, (ii) ingesting these acquired portfolios into our technology-led business processes...

Full article: http://www.thedomains.com/2011/06/17/toronto-based-direct...

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