Newzulu Limited (ASX:NWZ) has appointed KPMG Corporate Finance as financial adviser as it assesses interests from outside investors.

 

In mid-August the crowd-sourced media distribution company announced its been in discussions with media groups  about a potential strategic investment.

 

The Australia based company has bureaus in many major cities around the world and says the process is expected to take a number of months with no certainty of a transaction. 

 

Shares in the company were up more than 10 per cent this morning on the news.

 

Newzulu reported a net loss of $22.9 million in the first half of FY15.