Mediagrif expands through creation of a joint venture with Dubai government initiative

On December 12, 2005, Mediagrif Interactive Technologies Inc., a world-leading developer of e-business networks and provider of complete e-business solutions, announced it had created a joint venture with the Dubai Metals and Commodities Centre (DMCC) to support the expansion in the Middle East, India, Asia and Africa of Polygon, its diamond and jewellery network. The creation of this joint venture represents total investments of US$12 million.

Launched in 2002, the Dubai Metals and Commodities Centre is a strategic initiative of the Dubai government and free trade zone created to establish a commodity marketplace in Dubai.