Messaging International Plc
10 February 2006
Messaging International Plc ('Messaging International' or the 'Company')
Trading Update
Messaging International, the AIM traded provider of innovative messaging
services, is pleased to provide a trading update in advance of its results for
the year ended 31 December 2005 which are expected to be released in April 2006.
Since its admission to the AIM market in August 2005, the Company has completed
a number of deals and is in active discussions with global telecom operators and
interoperability providers. Highlights include:
• The Company has licensed its messaging platform to a leading Application
Service Provider in China, which will shortly launch the Company's
proprietary Voice to Text solution with one of China's largest telecom
operators. This application enables the user to record and send a voice
message to the recipient's mobile as a text message or to a fixed line
number as voice. Additional products are planned to be launched on the
platform during 2006.
• Two of the largest North American operators are currently piloting the
Company's proprietary Text to Landline solution which converts text messages
sent to a landline phone, into an automated voice message. The recipient can
then send a voice message reply, which the original sender can retrieve
through a text message alert. The Board expects these trials to result in
firm contracts within the coming months.
• The Company is in trials and advanced discussions are in progress with
two Israeli mobile operators for another of the Company's product groups,
the 'Mail Plug-in' service, which enables users to send emails to mobile
phones as text messages.
• Cable & Wireless Jamaica ('CWJ') has adopted the Company's Text-A-Tune
music feature. This enables customers to insert music clips into the Text to
Landline application which CWJ launched in January 2005 using Messaging
International's technology under the TexTalk brand.
• The Company continues to develop its existing relationships with a
number of blue chip companies including Rogers Wireless, the largest
wireless provider in Canada.
Additionally, Messaging International is looking at opportunities to further
develop the business and enhance its product offering to current and potential
new customers through complementary acquisitions.
With the benefit of the net proceeds received on its IPO, the Company continues
to enjoy a healthy cash balance.
Messaging International CEO, Guy Levit, said: 'We are committed to building our
international presence and continue to make strong progress in advancing
agreements with major global wireless operators and interoperability providers.
We are delighted to announce our first deal in the Asia Pacific market. Working
in partnership with a leading provider of wire-line telecommunications services
in China will boost our corporate profile and position us to take advantage of
the considerable growth forecasted in the telecoms sector in the region.
'Despite the long sales cycle to telecom carriers, we look with confidence to
the Company's healthy pipeline and to concluding further agreements during 2006.
We are focused on becoming an international company and are aware that each
country has its own individual requirements. In line with this we are developing
our products and expanding our offering to deliver solutions that fulfil those
needs.'
* * ENDS * *
Contacts:
Guy Levit Messaging International Plc Tel: + 972 544 449 951
Isabel Crossley St Brides Media & Finance Ltd Tel: +44 (0) 20 7242 4477
Notes
Messaging International Plc
Messaging International Plc joined AIM in August 2005 with the objective of
becoming a leading provider in the rapidly growing multimedia messaging market.
Its 100% owned subsidiary, TeleMessage Ltd (www.telemessage.com), provides
cross-platform media messaging management systems and applications. These are
designed to enable PC, browser, mobile phone and wireline telephone users to
send, receive and manage voice messages, email, text (SMS), IM and MMS across
various media platforms. It supports multiple languages, text to speech
conversion, e-mail notification, unlimited SMS length, and direct reply to SMS
capabilities, all illustrating the uniqueness of the service. The Company has a
number of contracts with major blue chip companies including Rogers Wireless,
the largest wireless provider in Canada.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.