Recent share price movement

RNS Number : 1166A

Audioboom Group PLC

18 December 2014

 



18 December 2014

Audioboom Group plc

("Audioboom" of the "Company")

Recent share price movement

Audioboom (AIM: BOOM), the digital social media platform, announces that the Company knows of no trading or operational reason to warrant the material change in the share price yesterday.

The Company provided a positive trading update to the market on 17 December following on from recent announcements regarding the monetisation of the aggregated audio ad network, further new content wins and a deal with Audible.

The Company continues to pursue its stated strategy for growth.

Rob Proctor, CEO of Audioboom, commented, "I was disappointed to see the fall in Audioboom's share price yesterday; recent announcements have shown the progress we continue to make as we turn Audioboom into a global media company.

"Following the successful launch of our iOS app which saw over 500,000 installs in just three weeks, the Company is greatly looking forward to rolling out its latest iOS app in January 2015 and our all new Android app in February, supported by an extensive online, offline, on air and outdoor marketing campaign throughout Q1."

Enquiries:

Audioboom Group plc	www.audioboomplc.com
Rob Proctor, CEO	Tel: [phone]
Arden Partners plc	Tel: [phone]
Chris Hardie / Ciaran Walsh, Corporate Finance
Walbrook PR	Tel: [phone] or [e-mail]
Sam Allen	Mob: [phone]
Paul McManus	Mob: [phone]

About Audioboom (www.audioboom.com)

Audioboom Group plc is a SaaS based digital social media audio platform enabling the creation, broadcast and consumption of audio across multiple global media outlets. Audioboom works with some of the biggest names in broadcasting across sport, entertainment and current affairs to bring their content to millions of listeners worldwide via Facebook, Twitter and other media platforms.

The technology allows partners to embed playlists onto their sites and apps, use our mobile apps and functionality as listen again players and re-syndicate their content around the web.

Audioboom also allows the monetisation of audio via the dynamic insertion of pre and post roll advertising into content as a user is listening, allowing contemporary advertising selection, depending on content genre and geographic location of the user.

Audioboom has over 2,000 content partners, including the BBC, Telegraph, Guardian, CBS, Sky Sports, Premier League, Southern Cross Austereo, Reuters, CNBC, Universal and Fox.

 

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