Adamind Ltd
21 November 2006
ADAMIND ANNOUNCES OVER $1.2M in sales in second half of 2006 VIA one of its
channel partners
New license sales for Adamind's SpireTM Platform to accommodate growing demand
for MMS capacity upgrades
Palo Alto, California. 21 November, 2006: Adamind (LSE: ADA) ("Adamind" or the
"Company"), a global provider of a multimedia enhancement and management
platform for the mobile operator and content services market, announces that its
revenues from one of its major channels in second half, 2006 exceed $1.2M. This
amount represents a more than 100% increase compared to the revenues from the
first half 2006 and are factored into the revenue guidance for full year 2006
provided by the Company on 30 August 2006.
Yaron Dishon, VP Sales & Channel Development at Adamind says: "The sales were in
the form of Media Adaptation software licenses, capacity upgrade and support
fees for MMS services. This is a positive indication that MMS & Content Services
in key markets worldwide have started to pick up in the second half of the
year."
Analyst company Yankee Group reported that, in Western Europe alone, MMS
revenues will increase to EUR 5.8 billion by 2009. Forrester says that it
predicts that total traffic from all mobile messaging types will grow by 92%
over the next five years in Europe. In terms of Pan- European MMS revenues, they
expect it to grow to more than $6.4 billion per year by 2010.
Enquiries
Adamind
Shailendra Jain, CEO + 1-801-2319076
Corfin Communications
Neil Thapar, Harry Chathli +44 20 7929 8989
About Adamind
Adamind (LSE: ADA) is a provider of software that enables mobile multimedia
content and converged communications services. The company addresses the
interoperability challenge that exists between different mobile devices to
receive and process media rich content. The Adamind SpireTM platform provides
media adaptation and enhancement software enabling service operators to
successfully deploy messaging, content and next generation convergence services;
generate new revenue streams; and drive key new value-added-services (VAS)
enablers such as advertising, branding, DRM and anti-abuse support. Adamind has
over 100 deployments in some of the world's major mobile operator networks and
content providers such as Universal Mobile Music and has strategic relationships
with major infrastructure vendors and system integrators including Ericsson, HP,
IBM, Accenture, LogicaCMG, Motorola, Openwave, Critical Path and CBOSS.
www.adamind.com
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The company news service from the London Stock Exchange
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