Q2 financing starts slowly with only 2 transactions but corporate activity heats up.

1. SOFTWARE & SERVICES 07 APRIL 2009
DAVID SHORE, CFA, MBA 416.860.6784
WEB 2.O WEEKLY david.shore@researchcapital.com
Arun Thomas (Associate) 416.860.7666
A QUIET WEEK FOR FINANCING BUT CORPORATE ACTIVITY HEATS UP
SECON D Q UA RT ER FINAN CING BEG IN S SLOWLY
The first week of the second quarter was relatively quiet with only two companies raising a total of $7.5 million.
Socialtext and TubeMogul raised $4.5 million and $3 million, respectively. Socialtext – a social networking and
collaboration company has raised a total of $18 million since April 2003; while TubeMogul (from the analytics sector)
to date has raised $4.5 million.
On the other hand, there were several significant corporate developments announced in the last week. Changyou.com
completed its IPO, raising $120 million. This was the first Chinese IPO completed in quite a few months. Additionally,
Kaboose announced that it would be selling its US assets to Disney and its UK assets to Barclays Private Equity.
C ompany Headline
B a rc lays P rivate E quity L td. agreed to ac quire the UK operation s of
B arcla ys Priva te E quity L td.; K aboos e Inc. (T S X: K AB );
K a boos e Inc . (T S X: K AB ) for £ 54 million.
K aboos e Inc. , UK O perations
Dis ne y O nline a greed to ac qu ire the I nterne t as s ets from K aboos e In c.
Dis ney O nline; K a boos e Inc . (T S X : K AB ); K a boos e Inc .,
(T S X: K A B ) f or $18 .4 million.
Internet As s ets
C han gyou. c om Limite d has c omplete d an IP O in the amount of $ 120. 00
C hangyou.com L imited (Nas daqG S : C Y OU )
million.
This report has been created by Anal ysts that are employed by Research Capital Corporation, a Canadian Investment Dealer.
For further disclosures, please see last page of this report.
www.researchcapital.com
Toronto 416.860.7600 Montreal 514.399.1500 Vancouver 604.662.1800 Calgary 403.265.7400 Regina 306.566.7550

2. Page 2
THE WEB 2.0 UNIVERSE
Ninety-two public Web 2.0 companies identified: Our Web 2.0 universe contains 92 companies, with a combined market
cap of $38 billion (Figure 1). The average market cap for the group is ~$415 million (but a median of only $42 million),
with average trailing revenue of $145 million (median $53 million). The companies are also generally profitable, with a
median EBITDA margin of 16.8%. On a valuation basis, the overall average is 3.6x trailing revenue (median 1.2x) and 9.1x
trailing EBITDA (median 8.0x). Twelve of the companies have more than 500 employees.
C omparable C ompany Analys is > Web 2.0
Trading C urrent US D Market US D L TM Total US D L TM Total E B ITDA TE V/L TM TE V/L TM
L TM as of Tic ker E xc hange C urrency HQ P rice C ap ($m) R ev ($m) E B ITDA ($m) % R evenue E B ITDA E mployees
C ompany Name
Accelerize New Media, Inc. 9/30/2008 AC L Z OT C B B US D United S ta tes 0.32 8. 6 3.2 (4.7) NM 4.0x - 20
Actoz S oft C o., Ltd. 9/30/2008 A052790 K OS E KRW S outh K orea 12, 500 84.5 56. 1 10.2 18.3% 1.0x 5. 6x NA
AQ Intera ctive, Inc. 12/31/2008 3838 TS E JPY J a pa n 45,900.00 24.8 59. 9 4.8 8.0% - - NA
As s ociated Media Holdings Inc. 6/30/2007 AS MH OT C P K US D United S ta tes 0 0. 1 0.1 (2.3) NM 8.0x - 3
B igs tring C orp. 9/30/2008 BS GC OT C B B US D United S ta tes 0.02 0. 8 0.1 (2.1) NM 29.8x - 8
B eta wa ve C orpora tion 12/31/2008 B W AV OT C B B US D United S ta tes 0 3. 8 7.7 (11.8) NM - - NA
B eyond C ommerce, Inc. 9/30/2008 B Y OC OT C B B US D United S ta tes 1.29 53.3 1.1 (7.7) NM - - 25
B right T hings plc 9/30/2008 AIM:B G T AIM GBP United K ingdom 0 3. 0 0.2 (1.7) NM 12.0x - 9
B roa dW ebAs ia Inc. 9/30/2008 BWBA OT C P K US D United S ta tes 0.45 38.2 0.0 (4.6) NM - - 46
C DC C orp. 9/30/2008 C HIN.A Na s da qG S US D Hong K ong 1 123.0 428.1 18.8 4.4% 0.4x 9. 6x 3,125
C hina G a tewa y C orpora tion 9/30/2008 CGWY OT C B B US D United S ta tes 0.00 0. 0 6.7 (6.6) -98.9% 0.0x - 37
C hines e G amer Internationa l 9/30/2008 G T S M: 3083 GTS M TWD T aiwan 173 442.7 38. 7 18.3 47.1% 9.9x 21.1x NA
C ornerW orld C orporation 1/31/2009 CWR L OT C B B US D United S ta tes 0.14 6. 6 1.3 NM NM 6.1x - NA
C yberplex Inc. 12/31/2008 T S X: C X TS X C AD C anada 1 38.9 46. 1 3.9 8.4% 0.8x 9. 6x NA
DADA S pA 9/30/2008 C M:DA CM E UR Italy 4.50 97.6 226.8 36.2 16.0% 0.6x 3. 9x 574
DXN Holdings B hd 11/30/2008 DXN K LS E MY R Ma la ys ia 0 20.9 78. 1 10.4 13.3% 0.5x 4. 0x NA
Dibz Internationa l, Inc. NA DIB Z OT C P K US D United S ta tes 0.00 0. 0 NA NM NM - - NA
DigitalP os t Interactive, Inc. 9/30/2008 DG L P OT C B B US D United S ta tes 0 1. 5 0.4 (3.3) NM 6.0x - 11
DigitalT own, Inc. 11/30/2008 DG T W OT C B B US D United S ta tes 2.50 67.9 NM (2.5) NM - - 3
Dolphin Digital Media, Inc. NA DP DM OT C B B US D United S ta tes 1 32.6 NA NM NM - - 6
E olith C o. Ltd. 12/31/2007 A041060 K OS E KRW S outh K orea 535.00 19.1 19. 1 (0.1) -0.3% 1.0x - NA
E xtens ions , Inc. 9/30/2008 E XT I OT C P K US D United S ta tes 0 14.2 NM NM NM - - 2
F inancial Media G roup, Inc. 11/30/2008 F NG P OT C B B US D United S ta tes 0.01 0. 6 6.8 1.2 18.3% - - 22
F luid Mus ic C anada , Inc. 9/30/2008 T S X: F MN TS X C AD United S tates 1 21.2 4.2 (8.6) NM 1.9x - 29
F rogs ter Intera ctive P ictures AG 6/30/2008 FR G XT R A E UR G ermany 7.01 22.0 5.4 (3.3) -60.6% 4.0x - NA
G a ma nia Digital E ntertainment C o., L td. 12/31/2008 6180 GTS M TWD T aiwa n 33 150.9 113.4 16.4 14.5% 1.2x 8. 0x NA
G a meOn C o L td. 12/31/2008 3812 TS E JPY J a pa n 90,500.00 86.9 74. 1 19.2 25.9% 0.4x 1. 7x NA
G eoS entric O yj 9/30/2008 G E O 1V HL S E E UR F inla nd 0 25.0 5.5 (12.7) NM 3.6x - 92
G iant Interactive G roup, Inc. 12/31/2008 GA NY S E US D C hina 7.26 1,640.8 233.2 144. 4 61.9% - - NA
G iga Media Ltd. 12/31/2008 G IG M Na s da qG S US D T aiwa n 6 302.0 190.4 46.0 24.2% 1.2x 4. 9x NA
G ra vity C o., Ltd 9/30/2008 GR VY Na s da qG M US D S outh K orea 0.85 23.6 37. 5 7.2 19.2% - - 636
G ree, Inc. 6/30/2008 T S E :3632 TS E JPY J a pa n 5, 760 1,275.9 29. 2 10.5 36.0% 41.6x - NA
G ungHo O nline E nterta inment, Inc. 12/31/2008 3765 OS E JPY J a pa n 126,900.00 144.3 111.6 19.9 17.8% 1.1x 6. 2x NA
Ha nbitS oft, Inc. 12/31/2008 A047080 K OS E KRW S outh K orea 3, 265 54.9 53. 3 (15.0) -28.2% 0.7x - NA
IAC /InterActiveC orp. 12/31/2008 IAC I Na s da qG S US D United S ta tes 16.14 2,274.9 1,445.1 64.6 4.5% 0.4x 8. 1x 3,200
IAS E nergy, Inc. 1/31/2009 IAS C .A OT C B B US D C anada 0 4. 9 0.0 (0.8) NM - - NA
Idea E dge, Inc. 12/31/2008 O T C B B :IDAE OT C B B US D United S ta tes 0.34 14.4 0.0 (4.6) NM - - NA
is eemedia Inc. 12/31/2008 IE E T S XV C AD C anada 0 4. 1 1.2 (4.8) NM 2.1x - NA
J umbuck E ntertainment P ty L td. 12/31/2008 AS X: J MB AS X AUD Aus tra lia 0.46 16.2 12. 7 4.7 37.2% 0.9x 2. 5x 72
J umpT V Inc. 6/30/2008 T S X: J T V TS X C AD C anada 1 50.4 11. 5 (1.8) -15.3% 5.4x - NA
K a boos e Inc. 12/31/2008 T S X: K AB TS X C AD C anada 0.58 65.4 66. 0 6.6 9.9% 1.1x 11.1x NA
K ings oft C o. Ltd. 12/31/2008 3888 S E HK HK D C hina 3 455.8 120.0 46.2 38.5% 3.1x 8. 0x NA
L ingo Media C orporation 9/30/2008 T S XV :L M T S XV C AD C anada 0.83 8. 6 3.3 (1.4) -42.5% 2.8x - NA
L iveW orld Inc. 12/31/2008 LV W D OT C P K US D United S ta tes 0 4. 0 11. 8 (0.5) -4.3% 0.3x - NA
L ookS ma rt, Ltd. 12/31/2008 LOOK Na s da qG M US D United S ta tes 1.20 20.5 65. 0 (2.0) -3.1% - - 90
Magnitude Informa tion S ys tems Inc. 9/30/2008 MAG Y OT C B B US D United S ta tes 0 6. 5 0.1 (3.2) NM - - 13
Mixi, Inc. 12/31/2008 2121 TS E JPY J a pa n 389,000.00 592.9 116.5 44.3 38.0% 4.2x 11.1x NA
Modern T imes G roup Mtg AB 12/31/2008 MT G B OM SEK S weden 151 1,236.3 1,636.0 261. 6 16.0% 1.1x 6. 6x NA
Moggle, Inc 12/31/2008 MMO G OT C B B US D United S ta tes 2.30 83.5 NM (1.1) NM - - 3
MO K O .mobi Limited 12/31/2008 MK B AS X AUD Aus tra lia 0 5. 9 1.0 (2.1) NM 4.7x - NA
NE O W IZ G ames C orpora tion 12/31/2007 A095660 K OS E KRW S outh K orea 50,000.00 368.7 138.2 37.1 26.9% 2.6x 9. 7x NA
NetDra gon W ebS oft, Inc. 12/31/2008 777 S E HK HK D C hina 4 293.3 87. 1 39.9 45.7% 1.7x 3. 7x NA
Neteas e. com Inc. 12/31/2008 NT E S Na s da qG S US D C hina 28.60 3,519.3 451.0 293. 2 65.0% - - NA
NeXplore C orporation 9/30/2007 NXP C OT C P K US D United S ta tes 1 41.8 NM (4.9) NM - - 19
Ngi G roup Inc. 12/31/2008 2497 TS E JPY J a pa n 23,200.00 28.5 97. 6 30.1 30.8% - - NA
Northgate T echnologies L imited 12/31/2008 590057 BS E INR India 41 28.6 134.6 23.7 17.6% 0.2x 1. 2x 286
O pen T ext C orp. 12/31/2008 OT E X Na s da qG S US D C anada 33.64 1,745.9 769.3 195. 0 25.3% 2.4x 9. 6x 3,400
O penwa ve S ys tems Inc. 12/31/2008 OP W V Na s da qG S US D United S ta tes 1 103.3 199.6 (10.2) -5.1% 0.1x - 627
P erfect W orld C o., Ltd. 12/31/2008 PWRD Na s da qG S US D C hina 16.15 852.0 210.1 113. 7 54.1% - - NA
P hotoC hannel Networks Inc. 12/31/2008 T S XV :P N T S XV C AD C anada 2 43.2 16. 1 (0.8) -4.9% 2.6x - NA
Q uepa s a C orp. 12/31/2008 QP S A Na s da qC M US D United S ta tes 0.99 12.6 0.1 (11.4) NM - - NA
O AO R B C Informa tion S ys tems 12/31/2007 R BCI R TS US D R us s ia 0 55.5 142.0 18.6 13.1% 0.0x 0. 1x NA
S handa Intera ctive E nterta inment Ltd. 12/31/2008 S NDA Na s da qG S US D C hina 42.71 2,963.3 521.9 239. 8 46.0% 0.0x 0. 1x NA
S hutterfly, Inc. 12/31/2008 S F LY Na s da qG S US D United S ta tes 10 245.2 213.5 28.4 13.3% 0.7x 5. 5x 514
S K C ommunica tions C o., Ltd. 12/31/2007 A066270 K OS E KRW S outh K orea 8,400.00 264.8 159.0 15.0 9.4% 1.7x 17.7x NA
S NAP Interactive, Inc. 9/30/2008 S TVI OT C B B US D United S ta tes 1 8. 1 2.3 0.2 10.1% 3.1x 30.2x 5
S NM G loba l Holdings 9/30/2008 S NMN OT C P K US D United S ta tes 0.00 0. 0 2.0 (0.7) -34.8% 1.1x - 33
S ocial Media V enures , Inc. 12/31/2008 S MV I OT C P K US D United S ta tes 1 0. 0 0.1 (0.1) -60.5% 0.0x - NA
S ohu.com Inc. 12/31/2008 S O HU Na s da qG S US D C hina 46.23 1,762.1 429.1 180. 5 42.1% 3.4x 8. 0x 3,197
S ites earch C orpora tion 1/31/2009 S TPC OT C B B US D United S ta tes 3 28.2 NM (1.1) NM - - 15
S park Networks , Inc. 12/31/2008 LOV AME X US D United S tates 2.25 46.2 57. 3 12.3 21.5% 0.8x 3. 8x 183
S pectrumDNA, Inc. 9/30/2008 S P XA OT C B B US D United S ta tes 0 7. 3 0.1 (2.7) NM - - 7
T encent Holdings L td. 12/31/2008 700 S E HK HK D C hina 60.30 13,995.5 1,046.1 517. 4 49.5% 14.5x 29.2x 6,194
T he P arent C ompa ny 8/2/2008 K IDS .Q OT C P K US D United S ta tes 0 0. 5 112.0 (13.5) -12.0% 0.2x - 347
T he9 L imited 12/31/2008 NC T Y Na s da qG S US D C hina 14.15 379.5 249.8 84.1 33.7% - - NA
T heS treet. com, Inc. 12/31/2008 TS CM Na s da qG M US D United S ta tes 2 60.7 71. 9 7.0 9.7% - - 310
T ota l S port O nline AS 3/31/2006 T OS O OT C NO NO K Norwa y 0.04 0. 2 2.0 (1.0) -50.6% 4.6x - 16
T ree.C om, Inc. 12/31/2008 TR E E Na s da qG M US D United S ta tes 5 51.1 228.6 (23.9) -10.4% 0.2x - 700
Unis erve C ommunications C orp. 11/30/2008 T S XV :US S T S XV C AD C anada 0.04 0. 8 24. 1 0.1 0.4% 0.1x 29.5x NA
United O nline Inc. 12/31/2008 UNT D Na s da qG S US D United S ta tes 5 416.5 669.4 153. 9 23.0% 1.1x 4. 7x 1,469
UO MO Media, Inc 1/31/2009 UO MO OT C B B US D C anada 0.08 6. 9 0.6 (0.5) -78.2% 11.3x - NA
V a lueC lick Inc. 12/31/2008 V C LK Na s da qG S US D United S ta tes 9 798.1 625.8 113. 6 18.2% 1.1x 5. 9x 1,189
V O IS , Inc. 12/31/2008 V O IS OT C B B US D United S ta tes 0.23 1. 9 0.0 (1.3) NM - - 4
W ebzen Inc. 9/30/2008 W ZE N Na s da qG M US D S outh K orea 2 26.7 21. 6 (6.4) -29.5% - - 330
W izza rd S oftware C orporation 9/30/2008 W ZE AME X US D United S ta tes 0.46 21.7 6.2 (6.5) NM 3.5x - 110
W oozyF ly, Inc. 9/30/2008 W ZY F OT C B B US D United S ta tes 0 2. 6 0.0 NM NM - - 14
W orlds .com Inc. 9/30/2008 W DDD OT C B B US D United S ta tes 0.17 8. 9 0.1 NM NM - - 1
W ynds torm C orpora tion NA W Y ND OT C B B US D United S ta tes 0 3. 1 NA NM NM - - NA
X ING AG 12/31/2008 O 1B C XT R A E UR G ermany 29.29 200.7 46. 7 15.0 32.0% 3.1x 9. 6x NA
Y eda ngO nline C orp. 12/31/2007 A052770 K OS E KRW S outh K orea 8, 670 104.0 52. 6 11.8 22.4% 2.0x 8. 8x NA
Y nk K orea Inc. 12/31/2007 A023770 K OS E KRW S outh K orea 4,385.00 8. 2 14. 9 (1.1) -7.6% 0.6x - NA
ZipLocal Inc. 12/31/2008 T S XV :ZIP T S XV C AD C anada 0 1. 0 2.6 (2.8) NM 0.8x - NA
High 13,995.5 1,636.0 517.4 65.0% 41.6x 30.2x 6, 194
L ow 0. 0 0. 0 -23.9 -98.9% 0.0x 0. 1x 1
Average 415.0 144.5 32.1 8.9% 3.6x 9.1x 600
Media n 41.8 52.9 1. 2 16.8% 1.2x 8. 0x 92
Figure 1. Web 2.0 Universe Summary
Source. Capital IQ

3. Page 3
CAPITAL MARKETS ACTIVITY (M&A AND FINANCING)
April starts a tad slow : The first week of April saw only 2 financings totalling $7.5 million ($4.5 million raise by Socialtext
and $3 million by TubeMogul). For the month of March, 22 financings were announced (total $130.7 million, average $5.9
million) compared to 25 financings announced in February, totalling $185.5 million, or $7.4 million on average (Figure 2).
The average value for February was above the $6.8 million average for January, with four financings over $15 million in
February (Twitter, Synthasite, Tremor Media, and Offerpal Media) vs. no deals over $15 million in January.
Financing Activity Last Three Months
200.0 8.0
180.0
7.0
160.0
6.0
140.0
5.0
120.0
(US$m)
(US$m)
100.0 4.0
80.0
3.0
60.0
2.0
40.0
1.0
20.0
0.0 0.0
Feb-09 Mar-09 Apr-09
Total Average
Figure 2. Financings, Last Three Months
Source. Company reports
Socialtext largest deal in April: The first week of April saw two only deals and the greater of the two was the $4.5 million
Series D round for SocialText (Figure 3), with TubeMogul closely behind with a $3 million Series A. For additional details,
see Figures 24 and 25 (at end of note).

4. Page 4
Financing Summary - Last Three Months
40.0
35.0
30.0
25.0
Apr-09
(US$m)
20.0 Mar-09
Feb-09
15.0
10.0
5.0
0.0
Pixazza
Mixpo
Miva
Tongxue
AnySource Media
MMO Life
Myngle
OMGPOP
FamilyLink.com
Synthasite
Vidyo
Offerpal Media
Tvtrip
Greystripe
Mendeley
Filtrbox
TextDigger
Tremor Media
LendingClub
Outbrain
Auditude
Glam Media
Oodle
Apture
FetchDog
Hunch
AdultSpace
Visible Measures
7 Billion People
Bit.ly
Three Melons
Twitter
Buzznet
Socialtext
Sports
33Across
Emergent Game
Simulmedia
WhistleBox
SendMe Inc.
Tynt
fav.or.it
TubeMogul
Tvinci
SuperSecret
GoViral
OneSpot
Virtual
Outright
Cake Financial
Wamba
Imagini
Figure 3. Capital Market Activity, Last Three Months
Source. Company reports
Video continues to be the most active sector: Activity over the last three months was busiest in the video sector, with 8
companies raising over $63.4 million (Figure 4). Social networking companies have the next highest totals, with 10
companies raising $53 million.
Capital Market Activity by Sector - Last Three Months
70.0
60.0
50.0
40.0
(US$m)
63.4
30.0
53.0
20.0
37.0
31.4
25.6
22.5
10.0 20.0
16.0 15.0
12.0 12.0
9.0
5.5 4.3 4.1 4.0 3.9 3.1 2.0 2.0 1.4 1.3 0.8
0.0
Comment/Reputation
Gaming
Visual Commerce
Microblog
Media
Mobile
Online Learning
Publishing
Wiki
Travel
Financial Services
Lending
Mobile Ad
Search
Infrastructure
Social Networks
Virtual Goods
Video
Aggregation
Virtual World
Crowdsourced
Analytics
Ad Network
Content
# companies
8 10 2 6 3 4 1 3 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Figure 4. Capital Market Activity, by Sector, Last Three Months
Source. Company reports

5. Page 5
CAPITAL MARKETS ACTIVITY (PRICE PERFORMANCE)
Price Performance: Our Web 2.0 index (market-cap weighted) underperformed the NASDAQ composite index from mid
2008 until recently when it has moved higher than the NASDAQ index (Figure 11).
Web 2.0 Index Price Performance
140
120
100
80
60
40
20
0
4/7/2008
4/21/2008
5/5/2008
5/19/2008
6/2/2008
6/16/2008
6/30/2008
7/14/2008
7/28/2008
8/11/2008
8/25/2008
9/8/2008
9/22/2008
10/6/2008
10/20/2008
11/3/2008
11/17/2008
12/1/2008
12/15/2008
12/29/2008
1/12/2009
1/26/2009
2/9/2009
2/23/2009
3/9/2009
3/23/2009
4/6/2009
^COMP - Share Pricing Index: Web 2.0 X (Market Cap)
Figure 5. Web 2.0 Price Performance
Source. Capital IQ
A positive week: Most of the companies in our universe had positive stock price performances over the past week (for
stocks with prices greater than $1) (Figure 6), with 22 companies showing positive returns on the week. Beyond
Commerce Inc. (BYOC-OTCBB) led the group with a 152.9% return over the past week. GigaMedia (GIGM-NasdaqGS) had
the worst return, dropping 5.4% in the week.

6. Page 6
1 Week P rice P erformance
B ey ond Commerce, Inc . 152.9%
Openw ave S y s tems Inc . 37.8%
Webz en Inc. 28.6%
Perfect World Co., Ltd. 18.9%
LookS mart, Ltd. 18.8%
V alueClick Inc. 17.2%
United Online Inc . 16.6%
S handa Interactive Entertainment Ltd. 16.0%
S ohu.com Inc. 15.3%
A Q Interactive, Inc . 14.8%
Tree.Com, Inc. 14.5%
The9 Limited 14.4%
Neteas e.com Inc . 13.1%
Modern Times Group Mtg A B 11.6%
Frogs ter Interactiv e Pictures A G 6.4%
Giant Interactive G roup, Inc. 6.3%
IA C/InterA ctiv eCorp. 5.9%
CDC Corp. 5.6%
S hutterfly , Inc. 4.4%
Mix i, Inc . 2.9%
G ree, Inc. 2.9%
XING A G 1.7%
TheS treet.com, Inc . 0.0%
PhotoChannel Netw orks Inc. 0.0%
Open Tex t Corp. -1.4%
S park Netw orks , Inc . -2.2%
G ameOn Co Ltd. -3.3%
Ngi G roup Inc. -4.5%
DA DA S pA -5.2%
GigaMedia Ltd. -5.4%
-20.0% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% 140.0% 160.0% 180.0%
Figure 6. 1-Week Price Performance
Source. Capital IQ

7. Page 7
INDUSTRY NEWS (PARTNERSHIPS, FINANCIAL RESULTS, NEW PRODUCTS)
K ey Developments
C ompany Headline Notes
B arc lays P rivate E quity Ltd. ; K aboos e B a rcl a ys P riva te E quity L td. a greed to a c quire the U K B a rcla y s P riv a te E quity L td. agreed to a cqu ire the U K opera tions of K a boos e Inc . (TS X: K AB ) for £ 54 million on M a rch 31, 2009.
opera tions of K a boose I nc. (T S X : K AB ) for £54 million.
Inc . (TS X:K AB); K abo os e Inc . , UK
Operations
B etawave Co rporation (OT CB B: B WA V) B eta wa ve C orporation R eports C ons olida ted E a rnings B eta wa ve Corpora tion reported c ons olida ted ea rnings res ults for the full yea r ended Dec embe r 31, 2008. F or the period, R ev enues were
R es ults for the F ull Y ea r E nded D ec ember 31, 2008 $7,701, 599 a ga ins t $2, 081,182 a yea r a go. Net los s wa s $16,969, 985 or $0. 66 per ba sic and diluted s ha re a gainst net loss of $16,377, 858
or 0. 68 per ba s ic a nd diluted sha re, a yea r a go. N et ca s h us ed in opera ting a c tivities wa s $7,077, 358 a ga ins t $13, 550,034 a y ea r a go.
B eyond Commerce, Inc . a nnounc ed dela y ed a nnua l 10-K O n 03/31/2009, B eyond Commerce, I nc . a nnounced tha t they will be una ble to file thei r next 10-K by the dea dlin e required by the S E C .
B eyond Co mmerc e, Inc .
filing
(OT CB B: B YOC)
B roa dW ebAs ia I nc. a nnoun ced dela yed a nnua l 10-K filing O n 04/01/2009, B roa dW ebAsia Inc . a nnounc ed that they will be una ble to file their next 10-K by the dea dline required by the S E C .
B roadWebAs ia Inc . (OT CP K : B WB A)
Cha ngy ou.c om L imited ha s c ompleted a n IP O in the Cha ngy ou.c om L imited ha s c ompleted a n I P O in the a mount of $120. 00 million.
C hang yo u. c om L imited
a mount of $120.00 million.
(N as daqG S : C YOU)
O ffer D eta ils :
S ecurity Ty pe: C ommon S toc k (D eposita ry R ec eipts )
O ffered: 7500000
P rice/R a nge: 16.00
China G a tewa y Corpora tion will Cha nge its Tic ker to E ffectiv e April 06, 2009, C hina G a tewa y C orpora tion will c ha nge its O T CB B stoc k tic k er s ymbol to C G W Y E from CG W Y .
C hina G ateway Corporatio n
CG W Y E from C G W Y
(OT CB B: C G W Y)
Digita lF X Internationa l I nc. L a unches F 5 Ca mpa ign M a il Digita lFX Interna tiona l I nc. a nnounc ed tha t it ha s begun s hipping its C ommF 5 S uite product li ne to its independent dis trib utor network. T he
DigitalF X International, Inc .
P roduct F5 e-ma rk eting tool will ena ble s ma ll bus iness es to ea s ily c re a te a nd dis tribute ema il marketing c a mpa igns a t a n a fforda ble price. W ith the
(OT CB B: DG F X)
declining us a ge of tra ditiona l a dvertis ing c ha nnels s uch a s Y ellow P a ges or news pa pers , busines s es a re c ons ta ntly sea rc hing for solutions
whic h c a n meet the c ha llenges of the internet a ge. F 5 is suc h an a pplic a tion . B usines s es, internet ma rketers , non-profit organiz a tions a nd
a ss ocia tions of a ll k inds would ha ve to us e a va riety of s ervic es and a pplica tions to a c complis h wha t F5 provides in one singl e s olution. A
pa rtial list of F5 func tiona lity inc ludes : Integra ted v ideo a nd a udio c reation, pla ylis ts, pic ture ga lleries , media s tora ge a nd media publis hing;
Full ema il c lient with video, a udio, a nd templa te integra tion for indiv idua l follow up; C ontac t lis t ma nager; L ea d c a pture; Auto-res ponder;
Cus tomize d templa te crea tion; a nd E ma il delive ry re porting a nd a na ly tic s .
Digita lP os t Intera c tiv e I nc. R eports E a rnings R esults for Digita lP ost Intera ctive I nc. reported ea rning s results for the fourth qua rter a nd full year ended Dec ember 31, 2008. F or the qua rter, the
DigitalP os t Interac tive, In c .
the F ourth Q ua rter a nd F ull Y ear E nded Dec ember 31, compa ny reported net los s wa s $678,600 a dec rea s e of $205, 200 or 23% a s c ompa red to a net loss of $883,800 for the third qua rter of
(OT CB B: DG L P )
2008 2008. This wa s a c hieved by reducing opera tiona l ex penses by $323, 900 or 40% from the thi rd qua rter of 2008.
For the full y ea r, the compa ny reported growth in rev enue of $488,900 a 314% inc rease from $118,100 for the s a me period la st yea r. T he
growth is la rgely due to the c ompa ny's s tra tegic ma rketing pa rtners hip with K iddie K andids, which la unc hed in the fourth quarter of 2008.
Ca s h us ed by opera ting a ctivities improved by 12% to $1,515 ,700 for the year ended Dec ember 31, 2008, a s c ompa red to $1,724, 700 c a s h
used during the sa me period la s t yea r. N et los s inc rea sed to $4,017, 200 from a net los s of $2, 544,500 for the s a me period la st yea r.
Dis ney O nline a greed to a c quire the Internet a s sets from Dis ney O nline a greed to ac quire the Internet a ss ets from K a boose I nc. (T S X : K AB ) for $18.4 million on April 1, 2009. T he a s sets wi ll be
Dis ney Online; K aboos e Inc .
K a boos e I nc. (T S X : K AB ) for $18. 4 million. integra ted into Dis ney O nline’s extens ive line-up of web s ites.
(T S X: K AB); Kaboos e Inc ., Intern et
A s s ets
G iga Media a nd E A M ythic to L a unc h T a iwa n Clos ed B eta G iga Media L td. a nd E A My thic a nnounced tha t the clos ed beta for the highly a c cla imed MMO R P G will begin on April 15th, 2009. As pa rt of
E A Myth ic; G igaMedia Ltd.
for W arha mmer O nline: Age of R ec k oning the clos ed beta la unch, clos ed beta pa ck s will be a va ila ble a t ma jor reta ilers. The L imited E dition c losed beta ga me pa c ks , av a ila ble a t
(N as daqG S : G IG M)
pa rtic ipa ting 7-E lev en(R ) reta ilers in T a iwa n, ha v e been sold out. Fea turing i nnova tive R v R game pla y a nd P ublic Q ues ts (TM ), pla yers are
immers ed in a world of perpetua l conflic t between the a rmies of O rder and Des truc tio n. Nov ice MM O pla y ers a nd vetera ns a like will
a pprecia te the incredible depth a nd va riety a va ila ble in W AR .
E xtensions , I nc. a nnounced dela yed a nnua l 10 -K filing O n 03/31/2009, E xtensions , I nc. a nnounc ed tha t they will be una b le to file their next 10-K by the dea dline required by the S E C .
E xtens ions , In c . (OT CP K :E XTI)
G iga Media L td. R eports Una udited C ons olida ted G iga Media L td. reported una udited cons olida ted earnings res ults for the fourth qua rter a nd full yea r ended D ec ember 31, 2008. F or the
G igaMedia L td. (N as daqG S : G IG M)
E a rnings R esults for the F ourth Q ua rter a nd Full Y ea r quarter, the c ompany's rev enues increas ed 1% to $44.6 milli on from $44. 2 million in the s a me period of 2007. Y ear-ov er-yea r results
E nded D ec ember 31, 2008; Announc es I mpa irment reflec ted c ontinued organic growth i n the c ompany's ga ming s oftwa re bus iness , whic h offset d ecrea s ed fourth-qua rter contributions from the
Cha rges Asia n online ga mes bus ines s. I nc ome from opera tions decrea s ed 16% y ear-over-year to $7. 9 million from $9.4 mil lion in the fo urth qua rter of
2007. The year-ov er-yea r decrea s e in inc ome from opera tions wa s la rgely due to a decline in the compa ny 's cons olida ted operating ma rgin
to 17.7% in the fourth quarter from 21. 3% a y ea r a go. Non-G AAP inc ome from opera tions wa s $8. 0 million, down 21% yea r-ov er-year. T he
compa ny reported inc ome from co ntinuing opera tions before income ta x es a nd minority interes t of $8. 58 million compa red to $9.72 million
reported a y ea r a go. Inc ome from continuing opera tions wa s $8. 08 million or $0. 13 per diluted s ha re c ompa red to $10. 63 million or $0.18 per
diluted share reported a yea r a go. Net income d ecrea s ed 15% to $9. 1 million or $0. 15 per diluted s ha re from $10. 7 million or $0. 18 per diluted
G iga Media L td., Q 4 2008 E a rnings C a lls , M a r-31-2009 G iga Media L td. , Q 4 2008 E a rnings C a lls , Mar-31-2009
G igaMedia L td. (N as daqG S : G IG M)
G ra vity Co. , L td, Annua l G enera l M eeting, M a r 31, 2009 G ravity Co. , L td, Annua l G enera l Meeting, M a r 31, 2009, a t 10:00 K orea S ta nda rd Time. L oc a tion: Nuritkum S qua re B us ines s Tower 15F ,
G ravity Co ., L td (N as daqG M: G R VY)
1605 S a nga m-D ong, Ma po-G u, S eoul 121-270 K orea , S outh K orea . Agenda : To cons ider a udit results a nd b reports for the y ea r ended
Dec ember 31, 2008; to c ons ider the approv al of B alance S heet, Inc ome S ta tement, a nd S ta tement of Appropria tion of R eta ined E a rnings for
the 2008; to a ppointment of Direc tors ; to c ons ider the a pprov a l of a mendment of Artic le of I ncorpora tion; a nd to c onsider the approva l of the
compens a tion ceiling for the D irectors in 2009.
G ra vity Co. Ltd. Announc es N on-cons olida ted E a rnings G ravity Co. L td. a nnounc ed non-c ons olida ted ea rnings res ults for the fis ca l y ea r ended Dec ember 31, 2008. F or the yea r, the c ompany
G ravity Co ., L td (N as daqG M: G R VY)
R es ults for the F isc a l Y ea r E nded Dec ember 31, 2008 reported R ev enue wa s K R W 41, 983 million ($33,267, 000), representing a 24. 6% i ncrea s e from K R W 33, 686 million for 2007. R oya lties a nd
licens ing fees rev enues for 2008 were K R W 31,587 million ($25, 029,000), representing a 25.6 % inc rea se from K R W 25, 153 million for 2007.
This inc rea s e wa s primarily a ttributed to: (i) inc rea sed revenues from J apa n a nd (ii) a ppreciation of Ja panes e Y en a ga ins t K orea n W on in
2008. Also , the increa s es in ga me s ervic es revenue from commerc ia l s ervic e of R equiem in the U .S . a nd R uss ia and E mil C hronic le O nline
in T ha ila nd, T a iwa n a nd H ong K ong ha ve c ontributed to the overa ll increas e in rev enues. T he Compa ny recorded a net income of K R W 921
million ($730, 000) for 2008 co mpa red with a net los s of K R W 27, 559 million for 2007.