Rhythmone PLC (fka BLNKF)

[plfminthemiddle]

Mr. Chandratillake continued: "Through organic growth and selective acquisitions, and our unique technological capabilities, we have created a huge and growing video-enabled ecosystem of audience, content providers, advertising networks and advertisers. Our forward strategy and growth is based on further monetizing this opportunity.

The vast majority of our revenues are driven by advertising - sold both directly and through third parties - which exploits less than 10% of the total ad interactions that we now have the option to fill as a result of the recent Burst and PVMG acquisitions. Therefore, over 90% of the traffic available remains an under-leveraged economic opportunity. We see the exploitation of this as a very tangible and exciting opportunity against a backdrop where we expect to see continued growth in online advertising over the medium term."

We remain confident in our position in the market and the progress we have made this year, and are excited about the opportunities that lie before us."

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The fact that Blinkx is currently only exploiting 10% of ad space they could fill is jaw dropping is it not?