Ahoj.pl finally locates investors despite turbulent new-economy trends

After months of unsuccessful negotiations with Netia, Mother.Ship Poland, managing company of Internet portal Ahoj.pl, was able to pinpoint two investors, a European media consortium and an American-German new economy joint-venture, which both remained unnamed. Mother.Ship Poland initially intended to invest zl.80 million -zl.100 million within two to three years. However, because of recent downward trends in the IT markets, the company was unable to locate an investor and fell into serious financial troubles. Due to a lack of capital, the company was forced to reduce its staff by nearly 30. With the entrance of these investors, however, the portal's financial woes would seem to be over. Ahoj.pl, thanks to large promotional campaigns, is now fifth on the list of most frequently visited Polish portals. It earns revenue primarily through advertising and e-commerce activities. (Puls Biznesu, p.5)