Company Sees Significant Investment From New and Existing Shareholders

LONDON -- Aug. 13, 2013 -- Forbidden Technologies plc (AIM:FBT), the AIM-quoted owner and developer of the market-leading cloud video platform FORscene, announces that it has raised another 8.9 million pounds ($13.8 million), before expenses, in a placing and open offer to continue developing the platform and strengthen the company's position in the market.

In June 2013, Forbidden Technologies announced a conditional Firm Placing of 40 million new Ordinary Shares, with the goal of raising 8 million pounds from new shareholders. At the same time, the company offered an additional 5 million ordinary...

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