Business update and acquisition

RNS Number : 1262O

XLMedia PLC

26 May 2015

 

For immediate release

26 May 2015

XLMedia PLC

("XLMedia" or "the Group" or "the Company")

Business update and acquisition;

The Group continues to trade in line with expectations

XLMedia (AIM: XLM), a leading provider of digital performance marketing services, is pleased to provide an update on its progress to deliver mobile content across its publishing and media divisions, including the acquisition of UK focused mobile targeted websites.

The Company continues to invest in both mobile technologies and practices for its publishing and media divisions. As a result our publishing content continues to experience significant increases in traffic from mobile users.  Recent changes within the online and mobile search ecosystem have reconfirmed our strong position in the market place, further establishing our standing with customers.  XLMedia continues to provide its users with quality content that can be accessed through any device in multiple languages.

The Company also continues to develop its publishing network and recently concluded a small bolt-on acquisition of UK focused, mobile targeted websites. XLMedia continues to look for opportunities to expand its network as well as to develop existing and new assets.

As mobile advertising becomes a dominant factor in the advertising segment, XLMedia will continue to develop its in-house systems to support tracking, optimisation and advertising to mobile users. Social networks are a significant factor that drives mobile activity, and currently the majority of the Company's social gaming media activity is with mobile users.

XLMedia expects to issue a trading update for the six months ended June 30, 2015 in July 2015.

Ory Weihs, Chief Executive Officer of XLMedia, commented:

"Mobile users are now becoming a significant portion of our target audience which is why we are developing new features and capabilities to deliver a seamless mobile experience across our websites and ads in order to drive enhanced experience to our users. We see this process as a key strategic driver for the business and as a result have allotted a significant part of our budget to further develop our in-house systems in the mobile arena.

"As a result, we continue to evaluate prospective acquisition targets in order to add new technologies and skills that will complement the existing suite of user engagement and advertising tools.  We have made an excellent start to 2015 and continue to trade in line with expectations. The Board believes that the outlook for 2015 remains positive with growth set to continue."

For further information, contact:

 

XLMedia plc Ory Weihs www.xlmedia.com	Tel: [phone]
Vigo Communications Jeremy Garcia / Fiona Henson www.vigocomms.com	Tel: [phone]
Cenkos Securities plc (Nomad and Joint Broker) Ivonne Cantu / Callum Davidson www.cenkos.com	Tel: [phone]
Liberum (Joint Broker) Neil Patel www.liberum.com	Tel: [phone]

 

END

 

 

TSTPKNDBBBKDQPB