One-time dot.com hopeful Q Multi-medium has gone full circle, briefly flirting with life as Jumbuck Corporation before coming back to the share market as Q Limited.
One-time dot.com hopeful Q Multi-medium has gone full circle, briefly flirting with life as Jumbuck Corporation before coming back to the share market as Q Limited.
Q Multimedium listed in the dying days of the dot.com boom, selling a range of largely sports-related content, including a range of mini CD-disks of AFL stars.
It had started out as a successful printing operation in West Perth called QDI Direct Press, a business the company still owns.
As the sun set on the dot.com days, Q found it had a problem with insufficient product sales.
Enter the new management team boasting former Channel 7 Perth supremo Kevin Campbell as chairman and Paul Choiselat as managing director.
Former Victorian Premier Jeff Kennett and Bruce Bennie complete the non-executive director ranks.
The problem products were cleared off Q’s shelves and the company turned to a new line of business – mobile phone content.
In the middle of last year Q renamed itself Jumbuck Corporation and targetted the mobile phone market, a positive move considering recent statistics from that market indicate that mobile phone ring tones have emerged as the most profitable segment of the recording industry.
Mr Choiselat told WA Business News that Jumbuck had been successful, securing 29 separate telephone companies spread on four continents.
In Australia the company provides mobile phone content to Telstra, Vodafone, Hutchison and Optus.
Mr Choiselat said the company had decided to pare off the mobile phone business into a new vehicle, Jumbuck Entertainment, which is aiming to list on the Australian Stock Exchange.
According to the ASX that company has hung out the “to be advised” sign next to its name on the forthcoming floats register.
It is seeking to raise $1.65 million from a 20-cent-a-share offer, which was scheduled to close on June 18.
Mr Choiselat said with the Jumbuck business taken out Q would return to its printing roots.
QDI specialises in flatsheet colour printing with annual reports, prospectuses and brochures its main line.
Besides the members of the Jumbuck Corporation board, Q will also have Andrew Koo as an executive director.
Mr Koo is based in Perth and has been running the company’s printing operation.
The new Jumbuck Entertainment board will have the same chairman, managing director and non-executive directors as Jumbuck Corporation with the inclusion of Adrian Risch as an executive director.
Mr Risch founded Jumbuck Entertainment.
