Mobilityone Regulatory News (MBO)

10 Sep 2007 08:00

MobilityOne Limited10 September 2007 MobilityOne Limited ('MobilityOne' or 'the Company') Agreement to expand ticketing services MobilityOne Limited ("MobilityOne") is pleased to announce that its wholly-ownedsubsidiary, MobilityOne Sdn Bhd ("MobilityOne Malaysia") has signed an agreementwith Strategic Benchmark Sdn Bhd ("SBSB"), whereby MobilityOne Malaysia willprovide services in relation to payment solutions for a range of products andservices distributed by SBSB, such as ticketing for specific events. This agreement with SBSB will enable MobilityOne Malaysia to broaden its rangeof products and services offered through its technology platform and to gainaccess to more markets to broaden its source of revenue. Under the terms of thecontract, MobilityOne will earn an agreed commission per transaction using itspayment solution platform. Hussian @ Rizal Bin A. Rahaman, Chief Executive Officer of MobilityOne,commented:"The collaboration with another established products and services provider inMalaysia will allow us to further expand and diversify our range of products andservices available on our platform. This is our additional e-ticketing productin addition to our existing F1 e-tickets and buses e-tickets. The agreement isin line with our strategy of adding to the portfolio of products available usingour services which, in turn, we believe will continue to increase the usage ofour payment infrastructure throughout Malaysia and in any future geographicalmarkets." ends For further information, please contact: MobilityOne 020 7936 9605Hussian @ Rizal Bin A. Rahaman, CEOSeah Boon Chin HB Corporate 020 7510 8600Luke CairnsRachel KaneJim McGeever Threadneedle Communications 020 7936 9605Graham HerringJosh Royton About MobilityOne MobilityOne is the holding company of an established group of companies("Group") based in Malaysia in the business of providing e-commerceinfrastructure payment solutions and platforms through their proprietarytechnology solutions, which are marketed under the brands MoCS(TM) and ABOSSE(TM). The Group has developed an end-to-end e-commerce solution which connects variousservice providers across several industries such as banking, telecommunicationand transportation through multiple distribution devices such as EDC terminals,short messaging services, Automated Teller Machine, and Internet banking. The group's technology platform is flexible, scalable and has been designed tofacilitate cash, debit card and credit card transactions (according to thedevice) from multiple devices while controlling and monitoring the distributionof different products and services. For more information, please refer to our website athttp://www.mobilityone.com.my About SBSB SBSB is a ticketing solutions provider which has a focus in the express busindustry, theatre ticketing and other seating specific events. This information is provided by RNS The company news service from the London Stock Exchange