AdultShop.Com

AdultShop.com has entered into a memorandum of understanding to merge with Sydney-based Blackfeather in a $20 million deal.

Takeover target Adultshop.com says it will start a sale process for the sale of its core businesses in a bid to optimise shareholder value.

Private Melbourne-based company Sexyland has today sweetened its offer for Adultshop.com, valuing the Northbridge-based business at $5.7 million.

Adultshop.com has indicated it is unlikely to recommend a hostile takeover offer from Melbourne group Sexyland, saying its directors will not accept the offer on its current terms.

Private Melbourne-based company SexyLAND Australia has launched a cash takeover bid for Northbridge-based Adultshop.com.

Northbridge-based AdultShop.com Ltd has settled legal proceedings with its former subsidiaries, Today Success Pty Ltd and Pageseeker Pty Ltd.

Northbridge's AdultShop.com Ltd will spin-off 3G mobile phone content developing subsidiary Loop Creative Pty Ltd, four months after acquiring it through an issue of 20 million ordinary and 80 million performance shares in August.

Northbridge-based Adultshop.com Ltd has posted a $384,000 loss, a stemming the red ink somewhat from last year's loss of $1.3 million.

Northbridge-based company AdultShop.com Ltd has revised its forecast net profit of $500,000 down to a net loss of between $300,000 and $500,000.

Perth-based AdultShop.com Ltd and the vendors of Loop Creative Pty Ltd have entered into a formal share sale and purchase agreement following completion of due diligence enquiries.

Highgate-based creative multimedia solutions company Loop Wireless Pty Ltd has entered into a conditional agreement to be acquired by adult products retailer AdultShop.com Ltd.

Adultshop.com Ltd. 23-Jan-06, Lodged response to ASX query

AdultShop.com Ltd05-Apr-04

ADULTSHOP.COM Limited is predicting strong growth and a maiden net profit of $5.6 million for this financial year.

ONLINE sex retailer Adult shop.com has beaten household e-commerce names to be namedthe number one e-tailer in Australia.

AUSSIEHOME.COM did well to beat a high-turnover business such as AdultShop.com in the 2000 IT&T Awards Best New Innovation in E-Commerce category – especially given the company has only been around for six months.