News: Connexion Media in halt ahead of major contract announcement

Connexion Media (ASX:CXZ) has been granted an ASX trading halt in relation to a contract entered into with a major company.

The halt will last until the earlier of the announcement being made or the start of trade on Friday, 25th September 2015.

Its miRoamer internet radio product was widely showcased at the premier Frankfurt International Motor Show 2015 in over 40 car models from world leading automotive manufacturers such as Volkswagen, Peugeot, Citroen, Daimler, Skoda and Seat.

miRoamer is being demonstrated at the Show as part of MirrorLink, the leading industry standard for car-smartphone connectivity.   

The company had $1.1 million in cash as at 30th June 2015. It also raised in August $2 million through an issue of convertible notes to sophisticated and professional investors.