A Family Connection?

Published: Monday, December 05, 2005 Online-Casinos.com

A FAMILY CONNECTION?

Telecoms investment company could provide family synergy

The name Justin Drummond will be familiar to industry people as the head of the rapidly expanding UK gambling group Gaming Corporation, which earlier this year acquired leading sites like Gambling.com and Got2Bet.

This week Jason Drummond, who co-founded Gaming Corporation with his brother was in the news in a telecoms deal that could develop some useful synergy with Gaming Corporation's mobile initiatives.

Jason has teamed with Jonathan Rowland, son of the famed City financier David "Spotty" Rowland, to float their telecoms investment vehicle Nettworx on the London AIM.

The duo hope to raise GBP 5 million which will be used to buy telecom and network companies and tap into the growing market for mobile gadgets with hi-tech functions.

Mr Rowland, who is carrying on a family tradition of entrepreneurship, first came to prominence at the height of the dotcom boom as one of the backers of JellyWorks, an investor in internet start-ups. More recently he founded mining groups Resourceworks and Latitude Resources. His business partner Jason Drummond founded online intellectual property website Virtual Internet and co-founded gambling group Gaming Corp.

Nettworx will focus on technology that lets users access emails, spreadsheets and entertainment via mobile devices.

"The company has identified a number of network companies with existing customers and revenues, that lack the scale or skill sets to capitalise on the convergence of technology and telecommunications," Nettworx said in a statement.