StockMarketWire.com - InternetQ has listed on AIM today with an initial market cap of £31m.

The Group provides mobile marketing solutions and has raised £6.8m by placing 5.64m shares at £1.20p each.

In the first half of 2010 InternetQ generated an EBITDA of €2.6m, from revenues of €18m.

Since 30 June 2010, the Group says it has continued to trade profitably, generating revenues of approximately €12.6m for the four months to 31 October 2010.

The proceeds of the placing will be used to expand the Group's network technology equipment and enhance the marketing and entertainment platforms.

Founder and Deputy Chairman, Panagiotis Dimitropoulos comments: "I founded InternetQ ten years ago with the vision of it becoming a world leading company in mobile marketing solutions. During this time we have achieved much; expanding our business in many markets while also building a name synonymous to quality of service and success.

"Today, I believe InternetQ is still a young organisation with tremendous potential for long term growth and development. Our listing on AIM will help us develop that potential further and allow us to focus on our set objectives."



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