(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Mobile Streams PLC - London-based mobile content provider - Launches its LiveScores football 365 service in Argentina in partnership with Quanta Media Group. Says its service will go-live in Argentina on October 1. Expects its Argentina service to generate significant revenue through affiliate revenue and subscription payments over the next three years. Quanta's chief executive adds: "Following on of from a successful Mexican launch we are delighted to be partnering with [Mobile Streams] again to launch in Argentina. We see this as a huge revenue opportunity. Additionally, we are also looking to launch similar services in other territories soon."
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Toople PLC - Letchworth Garden City, England-based telecom services provider - Reports strong order numbers, ahead of previous summer trading periods due to fewer holidays abroad and higher contact rates between existing and new customers. Notes three major contract wins, including two separate UK-based credit unions and a solicitors firm based in East Anglia. Extends services with two existing clients. Chief Executive Andy Hollingworth adds: "We are approaching our year end with robust order volumes and a substantially improved bad debt position following the implementation of new procedures last year. There continues to be an attractive market in consolidation opportunities within our sector. This gives us cause for continued optimism for the Group's prospects."
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Bezant Resources PLC - copper-gold exploration and development company - Enters conditional agreement with Australia-incorporated IDM Mankayan Pty Ltd, to develop the Mankayan Project in the Philippines. Says IDM will acquire total ownership of Asean Copper Investments Ltd, which owns a stake in the Mankayan asset and holds a 40%. stake in Bezant Holdings Inc. Bezant expects to provide AUD90,000 in initial funding for IDM, with investors providing a further AUD210,000. Executive Chair Colin Bird says: "Bezant are pleased to be working with IDM whose financial and technical team have strong South East Asia experience. The Mankayan project is well placed to benefit from recent projections for the electrical vehicle and copper markets at a time when the Philippine government have announced that they wish to revitalise mining in the Philippines. We share IDM's view that the Mankayan project will be well received by the ASX market and that the proposed listing on the ASX will enhance value for IDM shareholders."
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Diaceutics PLC - Belfast-based data analytics company - Wins contract worth over GBP900,000 for the provision of technology enabled services delivered through its DXRX platform. Under the contract, the company says it will collaborate with the client to launch a diagnostic test alongside a new cancer drug. This also involves the creation of a quality assurance standard over 30 laboratories across ten countries to ensure consistent interpretation of test results. Chief Executive Peter Keeling says: "We are very pleased to be supporting the commercialisation of this new oncology drug for our client. This drug has the potential to help many cancer patients when on the market and the work done now will mean more patients having access to this drug, earlier. Through the use of the DXRX platform, we anticipate the study to be completed swiftly, utilising our growing online lab network."
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Uru Metals Ltd - exploration and development firm - Says Zeb Nickel Corp is due to begin drilling at the Zebediela Project in South Africa. The 3,600 metre diamond exploration drill programme will target higher grade nickel sulphide mineralisation recently discovered in the footwall of the historical estimate, the company says. Expects the drilling will allow Zeb Nickel to estimate the level of infill drilling required to classify the historical resource as a current mineral resource. Chief executive of URU Metals, John Zorbas, adds: "We see the next steps as identifying the extent of the higher-grade mineralisation, classifying the historical resource as current, and then updating the [preliminary economic assessment] which could ultimately translate into better project economics with reduced project capital requirements with a higher life of mine head grade, assisted by [platinum group element] by-products."
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AdEPT Technology Group PLC - London-based information technology provider - Says its substantial strategic acquisition, Datrix Ltd, is integrating well. The acquisition has maintained the company's high customer retention and contract renewal rate, the company notes. Datrix has won several large projects wins, the company adds. The team at cloud-based networking firm Datrix also successfully migrated its core systems to the group's internal systems, ONE AdEPT in August, ahead of schedule, AdEPT notes. Chief Executive Phil Race says: "The Datrix acquisition is a game changer for us, and we are really enthused by its swift integration and even more so by the opportunities we are seeing following its addition to the Group. We already have sales engagements with both new and existing clients, which is extremely encouraging."
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By Scarlett Butler; scarlettbutler@alliancenews.com
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