Infobase Media Corp Closes Series A Investment Round

Infobase Media Corp, parent of LDSAudio.com, today announced that it has raised $1.15 million to develop content offerings (electronic text, audio and video) for multiple markets.

The company has a great team, a great vision of aggregating content and delivering it in multiple media formats to online consumers. The company has already begun publishing religious content in text and audio formats; additional niche markets will be announced later.

Audible.com has experienced a tremendous run in their stock value over the past two years. I bought Audible.com at around $0.50 in the summer of 2003. The stock is now trading for more than $19 per share. (Unfortunately I sold mine a long time ago, after locking in very nice returns.)

There are a growing number of successful digital content companies. Infobase Media Corp. hopes to be among them.

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