Trading Statement

RNS Number : 7915L

Marimedia Ltd

09 July 2014

 



9 July 2014

Marimedia Ltd.

("Marimedia" or the "Company")

Business and Trading Update

Marimedia (AIM: MARI), a provider of proprietary technology solutions for optimising online advertising revenue for website owners globally, provides a business and trading update for the six month period ended 30 June 2014, prior to announcing its interim results in early September 2014.

The Company's strategy of focusing on the media owner publishers resulted in significant growth in 2013 and this momentum has carried into 2014. In the first half of 2014, the Company continued to extend its coverage: increasing the number of advertisers and signing up an increasing number of publishers. Marimedia's operations extend to over 40 countries and, in the first half of 2014, it delivered average monthly page impressions of approximately 65 billion. As a result, the Company expects to report an increase in first half revenues of at least 45% compared with the equivalent period in 2013.

Looking ahead, the Company expects to continue to grow the business and deliver on its targets. With this and the expected growth of the online media market, the Company is on track to achieve significant revenue growth for 2014 compared with 2013, and as such continues to trade in line with management and market expectations.

Additionally, as stated in the Admission Document published on 22 May 2014, the Company has an option to acquire Taptica Limited ("Taptica"), which expires in August 2014. Taptica is a mobile user acquisition platform for brands and app developers which replaces the "cookie" functionality and allows advertisers to target valuable mobile users. The Board of Marimedia regards this opportunity favourably and continues to explore the possibility of acquiring Taptica as it believes there are significant synergies and growth potential through a combination with Marimedia. The Company will provide further updates in due course.

Enquiries

Marimedia
Hagai Tal, Chief Executive Officer	[phone]
N+1 Singer
Jonny Franklin-Adams, Jen Boorer	[phone]
Luther Pendragon
Harry Chathli, Claire Norbury, Oli Hibberd	[phone]

 

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