Goodbye America Says Neo Media Group

Adrian J Cotterill, Editor-in-Chief

We were the first to tell you last week that Neo Media Group (were) To Exit America and now it’s official – a new strategy from them to concentrate on core markets in order to continue growth.

Christian Vaglio-Giors, CEO Neo Media Group told us “In one of the most important recessions the industry has faced for the last 30 years, it is important for a young media company such as Neo Media Group to concentrate its efforts and resources to markets where it already gained critical mass. I regret to abort our US development at this so early stage but I am confident that we will be back when market conditions are more favourable and equity money less expensive”.

This new strategy does not affect Neo Canada operations we are told officially.

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