Emerging Media Holdings, Inc (EMDH.OB) Sees Increases in Revenue and Net Income for First Three Quarters of 2007
Emerging Media Inc. and recently acquired subsidiary Media Alianta (formerly Cabavarum and Analytic Media Group) have reported a 113 percent increase in revenue and a 239 percent increase in Net Income. This is compared to the same period last year. Last Year EMG acquired Cabavarum and Analytic Media Group, a Radio and Television broadcasting company located in emerging country Republic of Moldova. The deal involved a recapitalization of Cabavarum that transferred 12 million shares of EMG common stock to Cabavarum shareholders and associates. Since then the name has changed to Media Alianta and they launched a new channel TV7 that…