Bango Regulatory News (BGO)

12 Jul 2006 07:00

Bango PLC12 July 2006 BANGO PLC ("Bango" or the "Company") AGM Statement Bango will today be holding its Annual General Meeting in London, at which RayAnderson, CEO of Bango will make the following statement in relation to theperformance of the business: "Trading in the first few months of the year has progressed well with Bangobucking the trend hitting other businesses in the mobile content sector. Enduser spend in the UK for the first quarter of this financial year was over 50%higher than for the same quarter last year. End user spend in the rest of theworld this quarter was over five times higher than the same quarter last year. "The demand from consumers for a more transparent means of payment for mobilecontent is driving the uptake of our services by content providers who wish tooffer the 'browse-and-buy' model and pay per download as opposed to subscriptionservices. "We continue to gain momentum as more leading brands such as World WrestlingEntertainment, a global entertainment brand, and Capcom and CodeMasters, twoleading games publishers, sign up to using the Bango Service. "Our market leading technology, robust platform, geographic spread andpartnerships with industry leaders such as PayPal and mBlox means that webelieve Bango is uniquely well positioned to benefit from the continued growthin the mobile internet." For further information, please contact: Bango plc Tel:+44 (0)1223 472 777Ray Anderson, CEO / Peter Saxton, CFO ICIS Tel: +44 (0)207 651 8688Tom Moriarty / Caroline Evans-Jones Panmure Gordon & Co Tel: +44 (0)207 459 3600Aubrey Powell / Stuart Gledhill About BangoBango (AIM: BGO) has developed and deployed an open, global infrastructureplatform that enables content providers to market, sell and deliver theirproducts and services directly to mobile phone users on all mobile networksusing the mobile Internet. This "direct-to-consumer" approach operates alongsidethe mobile operator's mobile portal. Leading mobile operators including CingularWireless, Vodafone, Orange, Telefonica and O2 work with Bango to accelerate thegrowth of their "direct-to-consumer" business. The Bango platform has given mobile phone subscribers around the world greateraccess to third-party content. Leading content providers and brands are nowadopting the Bango Service to sell their mobile content directly to phone userson any network using the mobile internet. They have their own mobile sites,outside of the operator's portals, and integrate with Bango's browse-and-buytechnology to sell content to phone users world-wide. Bango technology enablescontent discovery and identification so providers can customize the userexperience and payment. For further information, go to www.bango.com. This information is provided by RNS The company news service from the London Stock Exchange