Neo Media Group has decided to scale down its development plan and, as a direct consequence, to abort its US operation with immediate effect.

Christian Vaglio-Giors, CEO Neo Media Group commented, “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”.