Forum Archive Index - April 2003

[nickk@quicksilver.net.nz]

Onwards and upwards for Sharechat. 

You've done well Ben.  You staying in Australia? 

Cheers 

Gooner 

Ben Dutton writes: 

> Hi everyone, 
> 
> I'm like to announce that Iguana2, the company that owns ShareChat, has sold
> ShareChat to Tarawera Publishing. 
> 
> This means that I'll be leaving ShareChat as the website publisher and
> manager.  Some of you may know that I co-founded ShareChat along with Will
> Bryant back in August 1999.  In May 2001 we sold the company to Iguana2, but
> I remained as publisher, and Will as the technical manager. 
> 
> After working on the site for almost four years, it's going to be sad to
> leave.  I've made many great friends on the Forum, and have always enjoyed
> the discussions and banter that have taken place. 
> 
> While personally sad though, it's going to be exciting to see what Tarawera
> Publishing do with the site.  Some of you may know that Tarawera own the
> greatly admired money management site, Good Returns.  Their experience in
> the online world will see ShareChat grow and prosper in the future. 
> 
> Though I will no longer be working on ShareChat, I'll still be subscribed to
> the Forum and will actively participate in the community. 
> 
> Thanks everyone for making this such a wonderful past four years - I wish
> ShareChat and all its contributors all the best for the future and of course
> all the best with your trading and investing. 
> 
> Best Regards 
> 
> Ben Dutton
> Iguana2 
> 
> 
> Full press release: 
> 
> Iguana2 sells ShareChat website to Tarawera Publishing 
> 
> Iguana2 Pty Ltd today announced the sale of ShareChat (www.sharechat.co.nz),
> its New Zealand sharemarket information website, to Tarawera Publishing Ltd
> (TPL). 
> 
> Tarawera Publishing is a successful online publishing business which
> produces the leading personal finance site Good Returns
> (www.goodreturns.co.nz). 
> 
> Iguana2 product manager Ben Dutton says the decision to divest the asset was
> made following a strategic review of Iguana2's business direction. 
> 
> "Iguana2 decided to remove itself from the consumer web market to focus on
> our corporate clients," Mr Dutton says. "Even though the ShareChat website
> has remained extremely popular and a market leader, it does not fit with our
> future business objectives." 
> 
> ShareChat was bought by Iguana2 in May 2001 to use as a channel to sell
> Iguana2 consumer products. An Australian version of the site was also
> planned but, because of the depressed internet advertising market, this was
> cancelled. 
> 
> "We felt a New Zealand based publishing company would be more suitable to
> capitalise on the opportunities the ShareChat site presents," Mr Dutton
> says. "Tarawera Publishing is well placed to further grow and enhance the
> ShareChat website." 
> 
> Tarawera Publishing managing director Philip Macalister says that ShareChat
> is a good fit with the company's four existing publications; Good Returns,
> Asset, The NZ Mortgage Mag and Adviser. 
> 
> Currently Tarawera Publishing provides a wide range of information across
> the personal finance market including mortgages, superannuation, managed
> funds, financial planning and insurance. 
> 
> "ShareChat will help us provide readers with more in-depth information about
> New Zealand shares," Mr Macalister says. 
> 
> Good Returns was launched in 1996 and has been a dot.com success story in
> New Zealand. 
> 
> "Tarawera Publishing has a lot of experience in the online publishing
> world," Mr Macalister says. "These skills will help us grow the business and
> provide increased services to ShareChat readers." 
> 
> [ends] 
> 
> For further information contact: 
> 
> Ben Dutton
> Iguana2 Pty Ltd
> Phone: +61 (0)2 9380 8099
> Mobile: +61 (0)414 225 882
> Email: bendutton@iguana2.com 
> 
> Philip Macalister
> Tarawera Publishing Ltd
> Phone 07-3456869
> Mobile 0274-377527
> Email: philip@goodreturns.co.nz 
> 
> About Tarawera Publishing Ltd 
> 
> Tarawera Publishing is a pre-eminent publisher of personal finance
> information in New Zealand. The company, which is based in Rotorua,
> publishes online money management magazine Good Returns
> (www.goodreturns.co.nz), and three print magazines; Asset, The NZ Mortgage
> Mag and Adviser - the Official Journal of the Financial Planners and
> Insurance Advisers Association. 
> 
> Besides providing news, information and data, Good Returns runs a successful
> online bookstore and organises the annual Financial Planner of the Year
> Awards. 
> 
> About Iguana2 
> 
> Iguana2 is an aggregator and reseller of stockmarket data to the financial
> services community. Based in Sydney, Australia, Iguana2 offers services to
> brokers, fund managers, portals, media companies and private investors.
> Iguana2's clients include some of Australia and New Zealand's largest
> stockbrokers and companies, including TD Waterhouse, Telstra, Macquarie
> Bank, AMP, Telecom NZ, Access Brokerage and the Bank of New Zealand. 
> 
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> 
 

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