Bombed-out broadband TV company A2A should start to make revenues and profits next month, says boss Nick Brown.

Floated on PLUS last year by the entrepreneurial Leo Knifton (best known for his shell company activities), A2A has been through a distinctly lean patch after hoped-for financing did not materialise. Brown, an experienced industry player who introduced ‘red button’ digital television at Sky ten years ago, says all that is about to change.

Based at Fareham in Hampshire, the company has clinched an exclusive revenue-sharing deal with Petel Inc from Los Angeles for SexQube.TV, Petel’s leading ‘adult’ brand described as the world’s ‘first free-to-air broadband TV network focused on the global adult entertainment sector’. A2A and Petel have agreed to pool their resources over five years to generate up to £35 million in revenues for SexQube.

Brown, whose career has also included a spell with Flextech, stresses that SexQube is by no means the only shot in A2A’s locker. The company has developed converging TV, web and mobile technology for multi-platform digital content aimed at the broadband TV market and is going live next month with a new TV advertising deal and a plan to put digital content on outdoor screens for the Pubs ’n' Clubs Group.

A2A raised some £200,000 when it came to PLUS at 4.25p. The shares soared to 8p, but have since collapsed to 0.62p, though Brown says Michael Green and other ex-Carlton figures at the Tangent Group have put in £300,000.

The shares clearly carry risk, but might possibly be worth a gamble for the strong-nerved.