Feeds

Freeloader.com goes titsup.etc

Well it was free...

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Pure Entertainment Games PLC has given up the dotcom fight and decided to shut its free games site freeloader.com.

The company blamed its decision on the current global difficulties facing the online ad market.

Executives reckon they have enough cash left to pay off all its debt and will either return anything left over to its shareholders or remain as a listed quoted shell company.

In a statement the company said that it took the decision with "great reluctance and regret".

PEG said that despite a seasonal downturn in ad revenues, the company's UK sales force had generated revenues as expected.

However, outside the UK ad sales have under-performed and the company said that it was unwilling to make the necessary investment to turn it around.

Executives said they have had "serious discussions" with possible buyers but nothing has yet been concluded.

By late afternoon shares in the AIM-listed company had dropped 77 per cent - a fall of almost 11p - resting at 3.25p. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
What a Mesa: Apple vows to re-use titsup GT sapphire glass plant
Commits to American manufacturing ... of secret tech
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.