StockMarketWire.com - XLMedia said it is trading ahead of management's expectations for the six months to end-June.

It had continued to execute on its strategy of diversifying its revenue streams and has delivered strong organic growth across all business verticals within the group.

"The Board was pleased to announce two acquisitions during the period, the first being Clicksmob, a mobile performance marketing platform, and the second, Greedyrates.ca, one of Canada's leading credit card comparison websites.

"Integration of both acquisitions is progressing according to plan with both acquisitions performing well and in line with management expectations. In addition, the recently announced acquisition of Securethoughts.com, a US cyber security comparison website, will add further diversification and US presence to the Group."

Currently, XLMedia derives about 57% of its revenues from gambling, down from 70% in the first half last year, with the remaining 43% coming from non-gambling verticals including gaming, mobile applications, software, utilities, e-commerce and finance.

"The Board believes this is yet further evidence of the Group successfully delivering on its strategy to continue to diversify revenue sources and accordingly the Board remains extremely confident in the performance of the business."





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