Trading Update

RNS Number : 4238R

Messaging International Plc

08 March 2016

 

Messaging International Plc / Market: AIM / Epic: MES / Sector: Technology

Messaging International Plc (the 'Company')

Trading update

Messaging International Plc (AIM:MES), a provider of converged messaging products and services announces that one of its large mobile customers has informed the Company that it will terminate the Text to Landline Service provided by TeleMessage, the wholly owned subsidiary of the Company, effective 22 March 2016.  The foregone revenues from this customer represent approximately £230,000 in the Company's 2016 financial year, but due to direct and other envisaged cost savings, will have a more moderate impact on the bottom line.

Approved R&D project from the Office of the Chief Scientist      

TeleMessage is pleased to announce that the Office of the Chief Scientist of Israel's Ministry of Economy has approved a conditional grant for up to US$300,000 in respect of a year long R&D project in which some innovative features will be added to its secure mobile messaging applications.

General Trading

Whilst the Company has seen revenues and profitability of its traditional messaging solutions decline, it is pleased with growth in the number of customers of these traditional services (delivery of SMS, MMS, Voice, Fax and Email solutions).

In addition, the Company has recently secured a number of customers for its new Secure Mobile Messaging Solutions while also answering a number of Request for Proposals. The Board continues to believe that "Secure Mobile Messaging for Enterprises" is a very large market and the business is positioned to benefit from this.

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For further information visit www.telemessage.com or contact:

Guy Levit                                 Messaging International Plc                   Tel: + 972 3 9225252

David Foreman                         Cantor Fitzgerald Europe                      Tel: [phone]

Catherine Leftley                      Cantor Fitzgerald Europe                      Tel: [phone]

 

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