Great Hotels Organisation Announces Successful First Round Financing

London, United Kingdom, July 24, 2009 --(PR.com)-- Big Worldwide Ltd (www.big-worldwide.com), the hotel representation, media, digital marketing agency and events business that operates Great Hotels Organisation, has announced the successful conclusion of its recent capital raise of approximately £1.25m. The financing, which included the sale of common stock, new mezzanine financing and revised and expanded bank debt facilities, will provide capital to continue Big Worldwide’s rapid international expansion and technology initiatives and facilitate anticipated merger and acquisition activity.

The financing was led by an affiliate of Gulf+Eastern Advisors, which also acted as financial advisor to Big Worldwide, and included investments by management and other third-parties.

Founded in 1997 to create a series of luxury hotel guides, Big Worldwide has grown into a multi-faceted business with operations in Europe, the United States and Asia.

“Despite the significant economic headwinds buffeting the travel and advertising sectors and the turmoil in the financial markets, I believe our successful capital raising is a vote of confidence in our diversified revenue model, our organic expansion initiatives and our financial prospects,” says Peter Gould, CEO and founder of Big Worldwide.

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