Microdisplay firm reports zero revenue, seeks more money

MicroEmissive Displays Group plc, a publicly held developer and manufacturer of light-emitting polymer microdisplays, has said that it received no revenues in the first half of 2007 and made a net loss of £2.2 million (about $4.5 million). The company said it would try and raise an additional £7.5 million (about $15 million), net of expenses, by placing additional shares in the company with institutional investors.