Bango PLC
12 July 2006
BANGO PLC
('Bango' or the 'Company')
AGM Statement
Bango will today be holding its Annual General Meeting in London, at which Ray
Anderson, CEO of Bango will make the following statement in relation to the
performance of the business:
'Trading in the first few months of the year has progressed well with Bango
bucking the trend hitting other businesses in the mobile content sector. End
user spend in the UK for the first quarter of this financial year was over 50%
higher than for the same quarter last year. End user spend in the rest of the
world this quarter was over five times higher than the same quarter last year.
'The demand from consumers for a more transparent means of payment for mobile
content is driving the uptake of our services by content providers who wish to
offer the 'browse-and-buy' model and pay per download as opposed to subscription
services.
'We continue to gain momentum as more leading brands such as World Wrestling
Entertainment, a global entertainment brand, and Capcom and CodeMasters, two
leading games publishers, sign up to using the Bango Service.
'Our market leading technology, robust platform, geographic spread and
partnerships with industry leaders such as PayPal and mBlox means that we
believe Bango is uniquely well positioned to benefit from the continued growth
in the mobile internet.'
For further information, please contact:
Bango plc Tel:+44 (0)1223 472 777
Ray Anderson, CEO / Peter Saxton, CFO
ICIS Tel: +44 (0)207 651 8688
Tom Moriarty / Caroline Evans-Jones
Panmure Gordon & Co Tel: +44 (0)207 459 3600
Aubrey Powell / Stuart Gledhill
About Bango
Bango (AIM: BGO) has developed and deployed an open, global infrastructure
platform that enables content providers to market, sell and deliver their
products and services directly to mobile phone users on all mobile networks
using the mobile Internet. This 'direct-to-consumer' approach operates alongside
the mobile operator's mobile portal. Leading mobile operators including Cingular
Wireless, Vodafone, Orange, Telefonica and O2 work with Bango to accelerate the
growth of their 'direct-to-consumer' business.
The Bango platform has given mobile phone subscribers around the world greater
access to third-party content. Leading content providers and brands are now
adopting the Bango Service to sell their mobile content directly to phone users
on any network using the mobile internet. They have their own mobile sites,
outside of the operator's portals, and integrate with Bango's browse-and-buy
technology to sell content to phone users world-wide. Bango technology enables
content discovery and identification so providers can customize the user
experience and payment.
For further information, go to www.bango.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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