Launch of LiveScores service in Mexico

RNS Number : 4343G

Mobile Streams plc

26 July 2021

 

26 July 2021

Mobile Streams plc

("MOS" or "the Company")

Streams and Quanta launch LiveScores service in Mexico

Mobile Streams plc, the AIM quoted mobile content and data intelligence company, is delighted to announce that in partnership with Quanta Media Group ("QMG") it has launched its LiveScores football 365 service into Mexico. Utilising the QMG content and MOS delivery platform this service is expected to add additional revenue to the MOS business in the first year of some US$140,000 (£100,000) and to grow significantly thereafter. Revenue is generated for MOS through a mixture of revenue share with Quanta and subscription payments via the current MOS billing contract with Mexican phone network Telcel. 

The service is currently available in Mexico via App which can be downloaded from the Mexican Google Play Store, and will shortly be live on the Mexican Apple App Store as well as via www.mobilegaming.com in Mexico. Additionally, Livescores can be viewed at: https://futbol365.mx .

This launch represents the next step of our developing relationship with QMG and we are actively looking into additional markets for further product and service launches.

Andrew Deeks, CEO of QMG, said:

"We are extremely pleased to be able to launch this service in partnership with MOS. Our content partnered with the MOS content and delivery platforms provide an unparalleled opportunity for both businesses. We are also looking to launch similar services in other territories together soon."

Nigel Burton, Non-Executive Director, said:

"In launching this service with QMG we are once again delivering on our plan.  After rescuing the business in late 2019, launching a completely new Streams Data service platform in 2020, growing its revenue over 300% this year and signing significant service partnerships we are now reinvigorating the legacy business. We are actively working on additional growth opportunities and look forward to making further announcements when appropriate."

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

About Streams Data

The Streams Data business provides data insight, intelligence and visualisation services and marketing optimisation tools. The enterprise level bespoke service achieved first revenues in June 2020, and the Streams SaaS ("Software as a Service") self-service platform generated initial customer revenues in October 2020. Enterprise clients include The Economist and Quanta Media Group.

Forward Looking Statements

This announcement contains 'forward-looking statements' with respect to certain of the Company's plans and its current goals and expectations relating to its future financial condition , performance, results, strategic initiatives and objectives. Generally, words such as "may", "could", "will", "expect", "intend", "estimate", "anticipate", "aim", "outlook", "believe", "plan", "seek", "continue" or similar expressions identify forward-looking statements. These forward-looking statements are not guarantees of future performance. By their nature, all forward-looking statements are inherently predictive and speculative and involve risk and uncertainty because they relate to future events and circumstances which are beyond the Company's control, including amongst other things, UK domestic and global economic business conditions, market-related risks such as fluctuations in interest rates and exchange rates, the policies and actions of regulatory authorities, the impact of competition, inflation, deflation, as well as the impact of tax and other legislation or regulations in the jurisdictions in which the Company and its affiliates operate. As a result, the Company's actual future financial condition, performance and results may differ materially from the plans, goals and expectations set forth in the Company's forward-looking statements. Forward-looking statements in this announcement are current only as of the date on which such statements are made. The Company undertakes no obligation to update any forward-looking statements, save in respect of any  requirement under applicable law or regulation. Nothing in this announcement shall be construed as a profit forecast.

For further information, please contact:

Mobile Streams plc

Nigel Burton, Non-Executive Director

[phone]

www.mobilestreams.com

Beaumont Cornish (Nominated Adviser)

James Biddle and Roland Cornish

[phone]

Peterhouse Capital Limited (Broker)

Lucy Williams, Duncan Vasey and Eran Zucker

[phone]

 

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