PCGE is a trading and media distribution company which develops and capitalises on media and other technology opportunities in China and across the Asia-Pacific region.
PCGE is listed on AIM and offers Western management, transparency and accountability in exposure to several different markets. PCGE is focused on the development of opportunities in the rapidly growing media and gaming industry across the Asia-Pacific region.
The Company’s strategy is success through acquisition and development, including that of introducing popular western media properties to the PRC. PCGE works closely in tandem with Chinese production companies to adapt them for the local market. Distribution will be through conventional broadcast channels, on-line, on mobile and the PCGE will increase the commercial value of such properties through events, associated spin-off activities, merchandising and licensing.
RiverFort Global Capital arranged financing for PCG Entertainment for a total of £1 million, the equity sharing agreement was arranged to allow PCG Entertainment to continue its operations including general working capital requirements.
On the announcement of the deal Richard Poulden, PCGE’s Chairman said:
“This is the first stage in an overall funding relationship with RiverFort that can lead to the funding of new deals at the project level. I have worked with Brian Kinane, CEO of RiverFort, in the past and have admiration for his skills in this area.”
On-going working capital