Recent Updates
Recently added Catalysts
PTIX

Dean Oakey -- Financial Inquiries

Key Takeaway: FOR IMMEDIATE RELEASE CONTACT: Dean Oakey -- Financial Inquiries March 6, 2007 213-253-2282 Karen Strickholm - Press Inquiries strickholmcompany@msn.com NEW MOTION, INC. PARENT MPLC, INC. CLOSES ON $10,000,000 PRIVATE PLACEMENT LATEST INVESTMENT BRINGS TOTAL TO $20,000,000;

Full Press Release Details

FOR IMMEDIATE RELEASE CONTACT: Dean Oakey -- Financial Inquiries
March 6, 2007 213-253-2282
Karen Strickholm - Press Inquiries
NEW MOTION, INC. PARENT MPLC, INC.
CLOSES ON $10,000,000 PRIVATE PLACEMENT
LATEST INVESTMENT BRINGS TOTAL TO $20,000,000;
REVERSE STOCK SPLIT IN WORKS
IRVINE, CA -- MPLC, Inc. ("MPLC") (OTCBB: MPNC), the publicly traded parent
company of digital entertainment company New Motion, Inc., announced today that
it has closed a private placement, raising gross proceeds of $10,000,000. This
investment enables the two year old company to continue to grow organically and
participate in the rapidly consolidating mobile entertainment marketplace.
In the placement, MPLC sold approximately 8,334 shares of its Series D Preferred
Stock which are convertible into an aggregate of approximately 500,040,000
shares of its Common Stock. This results in an effective price per share of
Common Stock of approximately $.02.
MPLC's board has also authorized a 300 for 1 reverse stock split to go into
effect in the next 30 to 60 days. Following the completion of the 300 for 1
reverse stock-split, MPLC estimates that it will have approximately 11,680,488
shares of Common Stock outstanding. Calculations are that shares of Series D
Preferred Stock sold in the offering will automatically convert into
approximately 1,666,800 shares of MPLC Common Stock, resulting in an effective
price per share of Common Stock of approximately $6.00 on a post reverse
stock-split basis. Shares of Series A, Series B and Series C Preferred Stock
will automatically convert into a total of approximately 9,763,688 shares of
MPLC Common Stock. The currently outstanding shares of MPLC Common Stock will be
reduced from 75,000,000 shares to approximately 250,000 shares. For a more
complete discussion of the currently planed reverse-split and the capital
structure of MPLC, please refer to MPLC's public filings and specifically the
Form 8-K dated February 12, 2007.
"We are excited about the completion of the Series D private placement. This
completes a series of transactions whereby we have acquired and financed New
Motion, Inc., a consumer digital entertainment company that is now well
positioned to take advantage of projected growth in the mobile entertainment
market," said Burton Katz, chief executive officer of MPLC and New Motion, Inc.
"The $20 million in gross proceeds we recently raised in the combined Series A,
B and D offerings, along with the assets recently acquired from Mobliss, provide
us with the capital, platform and technology necessary to execute our strategy
and leverage the growing trend of consumers who use their mobile devices to
interact with media services on the Internet."
Sanders Morris Harris, Inc. acted as advisor to New Motion, Inc. on the
$10,000,000 private placement. Please contact Dean Oakey at 213-253-2282 for
ABOUT MPLC, INC. AND NEW MOTION, INC.
MPLC, Inc. operates through its wholly owned subsidiary, New Motion, Inc. New
Motion is a digital entertainment company providing a broad range of digital and
mobile products and services to consumers. New Motion combines the power of the
Internet, the latest in mobile technology, and traditional marketing /
advertising methodologies in their brands: MobileSidewalk(TM), one of the
largest U.S. based mobile entertainment companies, RingtoneChannel, a mobile
storefront provider, Bid4Prizes, a low-bid mobile auction game, and GatorArcade,
an online and mobile game site. Headed by a seasoned team of Internet, new
media, entertainment and technology professionals, New Motion was founded in
2005 and is headquartered in Irvine, California with a branch office in Los
Angeles. WIRED MAGAZINE recently declared New Motion's mobile content
capabilities a "rival to those of their mainstream-media counterparts," WIRELESS
BUSINESS FORECAST named New Motion "a company to watch," and RCR WIRELESS NEWS
noted that New Motion is "gaining traction in the direct-to-consumer ring." For
more information, please visit www.newmotioninc.com.
This press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, about MPLC and New Motion.
Forward-looking statements are statements that are not historical facts. Such
forward-looking statements, based upon the current beliefs and expectations of
MPLC's management, are subject to risks and uncertainties, which could cause
actual results to differ from the forward looking statements. The following
factors, among others, could cause actual results to differ from those set forth
in the forward-looking statements: changing interpretations of generally
accepted accounting principles; continued compliance with government
regulations; legislation or regulatory environments, requirements or changes
adversely affecting the businesses in which New Motion engaged; demand for the
products and services that New Motion provides, general economic conditions;
geopolitical events and regulatory changes, as well as other relevant risks
detailed in MPLC's filings with the Securities and Exchange Commission. The
information set forth herein should be read in light of such risks. MPLC assumes
no obligation to update the information contained in this press release.
Last updated: Mar 6, 2007