Byline: Krissana Parnsoonthorn
May 17--Adamas Incorporation Plc, formerly R.K. Media Holding, is confident that its balance sheet will turn profitable this year after acquiring Absolute Impact, a new media provider.
Kittiwat Manosuthi, the CEO of Adamas, said that Absolute Impact (AI) would help increase the company's revenue this year. Adamas has already revised up its 2007 revenue target to 250 million baht, from 200 million projected earlier.
Adamas agreed to buy 100 percent of AI while the media provider in turn will hold a 25 percent stake in Adamas. The acquisition plan will be proposed for approval by shareholders on May 29.
"Our …
No comments:
Post a Comment