Home > News > Private Media Group Delisted From Nasdaq • Bookmark   • Newsletters   • Register Search Options


Private Media Group Delisted From Nasdaq

Private Media Group Delisted From Nasdaq
Get XBIZ News
Nov 16, 2011 12:30 PM PST    Text size: 

BARCELONA — Private Media Group has been delisted from the Nasdaq Stock Market after trading on the securities exchange was suspended.

News of the delisting comes concurrently with a company statement to federal regulators that it expects better financial results in its last quarter compared to year-ago figures, but that it still swung to a net loss.

Private's receiver, Eric Johnson, did not immediately respond to XBIZ on the latest news, but the company said in a statement that it won't appeal the Nasdaq's Listing and Hearing Review Panel's decision.

Private has resumed trading on Over-the-Counter Markets.

Private, which has been embattled with a shareholder battle for control of the company in Nevada, said in a statement to regulators that it expects the company to report a net loss for the three-month period ending Sept. 30 of approximately $1.75 million compared to a reported net loss of $3.5 million for the same three-month period ending in 2010.

But Private's management, led by receiver Johnson, said that the company expects a wider net loss for the previous nine months of about $4.6 million compared to net losses of $3.9 million in 2010.

The Barcelona adult entertainment company made the statements to regulators while notifying them that it couldn't file quarterly financial statements on time.

Private, founded in 1965,  is a brand-driven leader in adult entertainment, operating a global content distribution network with a wide range of platforms including over the web; broadcasting via cable, satellite, digital TV and IPTV on 194 platforms in 42 countries; mobile content delivery via 114 network operators in 37 countries; and retail sale of DVDs and magazines.

The company operates 20 divisions, including Cine Craft Ltd. of Gibralter, Coldfair Holdings Ltd of Cyprus,  Fraserside Holdings Ltd. of Cyprus,  Peach Entertainment Distribution AB of Sweden, Milcap Media Group S.L.U. of Spain, Private Media Group Services S.L. of Spain, Private Benelux B.V. of The Netherlands, Private France SAS of France, Private North America Ltd. of California, Barbuda B.V. of The Netherlands, Ceresland S.L. of Spain, Private Media Group Canada Inc. of Canada, Fraserside IP LLC U.S. of Iowa, ThinkForward Inc. of California, GreenCine, Inc. U.S. of Delaware, Mama’s LLC U.S. of Delaware, GameLink LLC of Delaware, eLine LLC of Delaware, Sureflix Digital Distribution Inc. of Delaware and Entruphema Inc. of Canada.

Private, at post time, was trading at 12 cents a share.                                                              

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !


Adult Industry Keeps Fighting On

On Nov. 8, we had one of the most momentous — and to political observers, improbable — victories in the history of our industry. We defeated, by popular vote, a purportedly progressive measure... More »

Finding the Right Payment Business Model

One consistency among nearly all paysite owners is that they are creatures of habit. After all, how else could someone tirelessly produce or procure similar content steadily in order to update their commercial... More »

What Payment Plan Suits Your Bottom Line

The most disappointing aspect of merchant processing is having to tell a merchant that all domestic options have been exhausted and that there isn’t a bank in the U.S. willing to open a merchant... More »
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.

Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ Premiere magazine, the industry's leading adult retail trade publications, delivering the most timely and comprehensive business news and information to producers and retailers of adult products.


XBIZ 2017

Jan 09 - Jan 13
Hollywood, CA

XBIZ Awards 2017

Jan 12 - Jan 12
Los Angeles, CA

ANME Founders Show

Jan 14 - Jan 15
Los Angeles Marriott Burbank Airport

Everything To Do With Sex Show

Jan 20 - Jan 22
Montréal, Québec
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!