Zhenya Tsvetnenko

Telecommunications firm ZipTel has signed a marketing deal with Zhenya Tsvetnenko’s Mpire Media to promote the former’s ZipT smartphone application in more than 120 countries.

Amid an ongoing capital drought, exploration companies are reinventing themselves in order to survive.

Telecommunications firm ZipTel has begun trading on the ASX today after completing a backdoor listing of former minerals explorer Skywards.

Perth technology entrepreneur Zhenya Tsvetnenko is taking another of his ventures public with a second reverse takeover of a struggling mining stock in four months.

Perth company Digital CC has revealed its first sales results for investment in the virtual bitcoin industry with revenue reaching $US2.1 million to the end of June 2014.

FEATURE: Digital media’s ubiquitous offerings are increasingly changing the business of advertising and branding.

Bitcoin trader Digital CC has claimed a profitable entry into the computer-generated currency sector, highlighting a $630,146 profit for three and a half months of business, despite the vehicle through which it conducted a backdoor listing recording an $11.8 million loss for the financial year.

Final steps are underway for Perth-based global marketing venture Mpire Media’s reverse takeover of Lithex Resources, with the junior explorer appointing Shaw Stockbroking as lead manager to its $10 million capital raising.

Subiaco-based ZipTel is gearing up to compete with a number of major telecommunications companies as it prepares to launch its internet-based communications app.

Eight Western Australians, including five 40under40 winners, have made the 2014 BRW Rich List with a collective wealth of $337 million.

The run of technology companies taking advantage of lacklustre mining stocks based in Perth is continuing, with three more backdoor listings expected to be completed this month and another towards the end of the year.

Perth-based residential rentals-dedicated website rent.com.au is going public, unveiling a $10 million-plus plan to list on the Australian Securities Exchange via a backdoor listing through Select Exploration.

Lithex Resources has scrapped its planned purchase of internet marketing business Mpire Media, which was the second business Perth entrepreneur Zhenya Tsvetnenko was seeking to list on the stock market.

The wave of backdoor listings on the ASX in the past year suffered a setback this week, with two deals being cancelled and a third business going into administration.

Perth entrepreneur Zhenya Tsvetnenko has announced plans for a backdoor listing of his online advertising business Mpire Media, two months after an earlier, more generous deal was terminated.

The growing number of backdoor listings in WA has highlighted the best, and worst, of the capital markets.

Minerals Corporation, which in 2013 was one of the first Perth-based mining companies to attempt a backdoor listing, has announced plans to exit the resources sector by acquiring an online music competition business.

Digital CC has announced it will be launching the beta version of its new remittance product AirPocket in the June quarter, shifting its focus away from the volatile bitcoin market.

Digital CC has completed a $3.5 million capital raising to fund the roll out of its remittance product AirPocket to Latin America and Caribbean markets.

Fortunis Resources has received positive news about its planned backdoor listing, while Basper and Aziana have had to make amendments to their proposals.

Perth’s tight-knit angel investment community is growing more comfortable with soft tech plays, but there are calls for more investment in the ‘trickier’ tech.

Online advertising business Tech Mpire has made solid gains on its first day of trading on the ASX, after being acquired by Fortunis Resources in a $3.1 million backdoor listing.

Perth-based biotech company ResApp Health had a steady first day of trade on the ASX today, after being acquired by Narhex Life Sciences in an $11 million backdoor listing.

Shares in online advertising business Tech Mpire have continued their steep ascent of the last two weeks, ending the day up 11 per cent after the company announced an 83 per cent increase in monthly revenue for June.

From mining to agriculture, technology and finance, 40under40 award winners have been making news this year.

Subiaco-based Lithex Resources will make a second attempt at a backdoor listing, announcing plans to acquire an Israel-based battery technology company in a deal worth $28.7 million.

Shares in Perth-based online advertising business Tech Mpire rallied today on news the company had hit a revenue milestone of $25 million, but it was a different story for former high-flyer 1-Page.

Listed Perth company Decimal Software and local startup Future Penny are carving out positions in Australia’s rapidly growing robo-advice market.

Local entrepreneur Zhenya Tsvetnenko has tendered his resignation from the boards of listed companies DigitalX and Tech Mpire after being indicted by US prosecutors for participating in a scheme to defraud mobile phone customers.

DigitalX chair Zhenya Tsvetnenko has resigned. Brett Mitchell has resigned as non-executive director. Leigh Travers has been appointed an executive director.Regis Resources advises that Glyn Evans has resigned as a director.

Six Western Australian companies were winners in the 2016 Deloitte tech fast 50 awards, while NSW company Cashrewards took top spot overall.

DigitalX has re-energised its board with the appointment of a Perth-based CEO as the software company seeks to move forward from revelations earlier this year that its founder is facing charges in the US for fraud.