Nighthawk remains jolly 09/02/2012
US-focused Nighthawk Energy is launching a $7.5 million program to invest in its Colorado-based Jolly Ranch project.
Forbidden Tech sales surge
The company remains ‘confident’ it can develop the scale of the business ‘over the coming years’
Video platform developer Forbidden Technologies has reduced interim losses by £74,000 to £128,000 on sales up 344 per cent to £139,000.
The AIM-quoted company, which develops and markets the FORscene internet video-editing platform used by broadcasters and consumers, says sales in the six months to June were 14 per cent higher than in the whole of last year. According to chairman Vic Steel, Wimbledon-based Forbidden is continuing to establish ‘recognition of the quality and reliability’ of its products and services and is expanding into new markets.
He adds that the company, which reports continuing progress in the USA, remains ‘confident’ it can develop the scale of the business ‘over the coming years’. Shares in tightly held Forbidden, which recently raised £250,000 at 10p from a friendly institution and increased drawings on a directors’ loan facility by £150,000 to £785,000, have more than quadrupled in the past 12 months to 17p, which values the company at £13.4 million.
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