AIM-quoted Bright Things plc, the interactive entertainment company that aims to build a social network site, has increased losses from operations of £716,000 for the six months to 30 September 2009.
The losses are due to increased marketing and amortisation.
During the period the Company raised £1.69m via fundraising exercises.
The Company's SocialGO project has seen subscriptions increase month on month since February.
Dominic Wheatley, CEO, said: 'We are looking forward to the next stage of the SocialGO project which is to refine the product and embark on a concerted marketing campaign.'
Story provided by Business Financial Newswire
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