Major Contract win for Streams data platform

RNS Number : 6261S

Mobile Streams plc

18 March 2021

 



18 March 2021

Mobile Streams plc

("MOS" or "the Company")

Major Contract win for Streams data platform. Revenue jumps 178% since December

Mobile Streams plc, the AIM quoted mobile content and data intelligence company, is delighted to announce it has signed a major contract with Quanta Media Group Holdings (QMGH) for the use of its Streams data platform. The deal is worth up to £480,000 over 4 years, with a minimum £10,000 per month for at least a year. It will increase monthly Streams revenue from April to an estimated £25,000 per month, an increase of 178% since December.  

In addition to enterprise level access to the Streams data platform, the partnership has also identified opportunities to generate significant potential additional revenue from the MOS legacy business. QMGH has deep expertise in the direct carrier billing market, and a number of possible opportunities for growing the MOS mobile gaming business and driving greater revenue from legacy MOS IP, including the mobilegaming.com domain that MOS owns, are under discussion.

Quanta Media Group Holdings is a developer of high-quality sports and iGaming related product, content and destinations. Its aim is to entertain large online audiences. It achieves this through its owned, proprietary, automated platforms, artificial intelligence, pattern matching algorithms and years of hands-on experience.

The company was founded by industry veteran, Andrew Deeks, in 2019 and is headquartered in London, UK. Edward Simons serves as Non-Executive Chairman and Tim Scoffham as Chief Revenue Officer.

Andrew Deeks - Founder QMGH

"We are delighted to have signed this contract with MOS, we feel that utilising the Streams platform will give us an enormous advantage when it comes to our content creation. Not only that, but we see many other opportunities to grow in partnership. Through our expertise in the carrier billing, gaming and online gambling markets we have identified numerous areas of potentially massive growth for the MOS legacy business - including, but not limited to, utilising it's IP and gaming infrastructure to help drive growth in our online iGaming portfolio. We see this contract as just the start of a great and growing partnership."

Nigel Burton, Non-Executive Director, said:

"We are extremely pleased to be able to announce this major contract. It's a great win for the Streams data business which has shown exceptional growth since the start for the year. In addition, we feel there is substantial scope to grow our partnership with QMGH to drive additional revenue from our legacy business assets."

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

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

+ 44 (0) 20 7469 0930

 

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