Trading Statement

Mobile Streams plc
15 January 2008


Mobile Streams Plc - Trading Statement

15th January 2008


Mobile Streams Plc ('Mobile Streams' or the 'Company') issues an update to
shareholders ahead of the release of its full year 2007 results, which are
expected to be announced on 26th March 2008



-           Full year revenues are expected to be approximately £9 million, up
from £8 million in 2006 (+10%)



-           Trading EBITDA* expected to be below the guidance given in the
Interim Results Announcement on 18 September being a loss of approximately £1.1
million .



-           Trading EBITDA* includes one-off reorganisation and bad debt charges
incurred of approximately £500,000, relating to restructuring of the company,
primarily in Europe, due to a rapid industry change from on-portal operator to
off-portal consumer revenue generation. Off-portal business generally requires
fewer staff to operate mobile content services due to decreased carrier sales,
technical integration and up-front content licensing activities.



-           Managed Services division saw a strong performance in Asia, where
revenues more than doubled during the year, with new contracts such as Singtel
Singapore outsourcing its music, games and download channels to Mobile Streams



-           Consumer Services division experienced strong growth from the Mobile
Internet, more than doubling its H2 revenues from H1, powered by the
Ringtones.com brand



-           Revenues evenly balanced between Europe, North America, Latin
America and Asia Pacific regions



-           Zoombak, a GPS device and service for locating cars and pets,
launched commercially in the US in December 2007, in partnership with our
strategic investor Liberty Media



-           Net cash at 31 December 2007 expected to be not less than £2 million



-           Loss before tax will include an impairment charge of
approximately £1.6million for the write down of goodwill and intangible assets;
this relates primarily to the European operation.



Commenting Simon Buckingham said: '2007 was a transitionary year for the mobile
content industry and the company.  The performance of the European region was
disappointing and action has been taken to address this.  Growth in downloads
from operator portals was largely flat, whilst the Mobile Internet was still a
largely experimental phenomenon.  The Company expects in 2008 to see the
continued gradual opening up of the Mobile Internet around the world as
companies such as Apple and Google continue to strengthen their global mobile
presence. Following its restructuring into two operating divisions, Mobile
Streams is positioned in 2008 to take advantage of the trends towards operator
outsourcing through its Managed Services division and the opening of the Mobile
Internet through its Consumer Services division.  Going forward, the Company
will be minimizing costs and preserving cash.  We go into 2008 with a simplified
structure and reduced cost base which The Board feel is appropriate for our
anticipated level of revenues.'



*calculated as profit before tax, amortization, depreciation, share compensation
expense and impairment of assets.





Enquires:



Mobile Streams                                                020 7395 2000
Simon Buckingham, Chief Executive Officer
James Colqhoun, Chief Financial Officer


Landsbanki Securities (UK) Limited                            020 7426 9000
John Craven
Simon Bridges





About Mobile Streams



Mobile Streams is a leading global provider of music, comedy and entertainment
content to mobile phones. The company's distribution platform, 'Vuesia,' is used
by some of the world's largest media groups and mobile phone networks including
Vodafone and 3 in the UK, America Movil, Movistar and TIM in Latin America, Fido
and Rogers in Canada and Dobson in the US.



'Vuesia' is Mobile Streams' full service enterprise mobile media management
solution. 'Vuesia' facilitates content ingestion, management, delivery, billing
and reporting.



Mobile Streams has subsidiaries in Germany, the US, Argentina, Brazil, Mexico,
Chile, Colombia, Sydney and Singapore and has approximately 100 employees.



For more information please go to www.mobilestreams.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange