AGM Statement and Trading Update

RNS Number : 3268S

Mobile Streams plc

06 November 2013

 

Mobile Streams plc

AGM Statement and Trading Update

At its Annual General Meeting which is taking place today at 12.00 noon at the offices of Grant Thornton UK LLP, 30 Finsbury Square, London, EC2P 2YU, Mobile Streams plc ("Mobile Streams" or the "Company") will provide the following update to its shareholders:

As announced in the audited Financial Results for the Year Ended 30 June 2013, released on 2 October 2013, the Company's revenues in July and August were in line with those generated at the end of the prior financial year.

As also announced in the Financial Results, the Company signed an agreement to provide app services with a major US mobile carrier and this was launched in June 2013.

The Company launched services in Brazil in October 2013 and the growth prospects in the country are encouraging.

The Company has recently expanded its partnership with Optus in Australia by being selected to power its brand new eBooks store.  Mobile Streams already powers the Optus Games Store and Apps Store and this new launch will provide a library of more than 400,000 eBooks, interactive books, audiobooks and book apps for download to Android, iPhone, iPad, PC and Mac.

The Company is continuing to manage its cash position and diversifying its sources of cash generation, in particular utilising the cash flow from its operations in markets such as Mexico and Colombia.

We will next be updating shareholders on our performance for the 6 months to 31 December 2013 in January 2014.

Enquires:

Mobile Streams                                                                         [phone]

Simon Buckingham, Chief Executive Officer

Nominated Adviser and Broker

N+1 Singer                                                                                [phone]

Jonny Franklin-Adams/ Matt Thomas

 

END

 

 

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