Adamind Ltd
07 September 2006
7 September 2006
Adamind Ltd
("Adamind or the Company")
AGM Statement
Adamind Ltd, a leading global supplier of media handling software in the mobile
messaging, content and convergence services markets, announces that at today's
annual general meeting, Shailendra Jain, chief executive, will make the
following statement:
"As announced in our trading updates in June and August, the current year has
been very challenging. Despite Adamind's leading edge solutions and large
customer base, revenue growth has stalled in the short term due to a market
slowdown. Consequently, 2006 full year revenues will be at a similar level or
slightly above last year's result.
Nevertheless, we believe that demand for MMS and mobile content consumption will
continue to expand over the long term and the market opportunity facing Adamind
remains large. Media adaptation plays, and will continue to play, a critical
role in enabling MMS and other content services to be experienced by end-users
across any network, device or delivery platform - be it MMS, email, mobile
television or content streaming.
Given Adamind's long term growth prospects, balance sheet and quality multimedia
technology products and solutions, the Board continues to look to the future
with optimism. Our pipeline of deals remains encouraging, which gives us
confidence that Adamind will return to revenue growth from next year."
Enquiries
Adamind
Shailendra Jain, CEO +1 650 646 2368
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 Spire(TM)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. With over
110 deployments in some of the world's major mobile operator networks and
content providers such as Universal Mobile Music, Adamind is strategically
poised to enable the promise of the Mobile Lifestyle revolution. Adamind 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
This information is provided by RNS
The company news service from the London Stock Exchange
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