Monitise Regulatory News (MONI)

13 Mar 2008 14:43

Monitise PLC13 March 2008 MONITISE NAMED "AIM NEW BUSINESS OF THE YEAR" BY GROWING BUSINESS MAGAZINE LONDON, UK - March 13, 2008 - Monitise plc (LSE: MONI.L), the specialist inmobile banking and payments technology, today announced that it has won GrowingBusiness Magazine's prestigious "AIM new business of the year" award at the FastGrowth Business Awards last night. The Fast Growth Business Awards (FGBA) celebrate the very best of the UK's mostambitious businesses and are organised by Growing Business Magazine, the UK'sleading magazine for entrepreneurs. It is a showcase for the UK's most cuttingedge businesses. According to the FGBA judging panel - a 20 strong group madeup of industry experts, leading business journalists, and respectedentrepreneurs - "the potential of Monitise's technology is huge and couldtranscend many others and really transform an entire sector". Monitise has developed the world's first mobile banking ecosystems, which allowscustomers of multiple banks and multiple mobile operators to perform banking andpayment transactions directly from their mobile handset. In the UK, Monitise'splatform MONILINK has signed up tier one banks and operators such as The RoyalBank of Scotland, HSBC, NatWest, Vodafone, Orange, O2, and T-Mobile. Monitisehas recently, expanded its technology to the United Stated through its jointventure with Metavante Corporation, one of the primary payment processors acrossthe United States. The company is currently working with international partnersto deliver similar safe, secure mobile banking services in territoriesworldwide. Commenting on Monitise being awarded "AIM new business of the year", AlastairLukies, CEO of Monitise said: "We are thrilled to have received this prestigious award. We have spent 5 yearsengineering and developing a fully inclusive ecosystem and secure platform forthe inevitable convergence between the mobile phone and financial services. Weare very pleased that a UK based, home grown technology is being deployed andrecognised on a global scale. We still have someway to go to achieve ourambitions and it is therefore hugely rewarding and invigorating to be recognisedby such a prestigious panel of judges. Entrepreneurialism and early stage business endeavours are sometimes notconsidered for their true worth and I therefore applaud the work of GrowingBusiness Magazine and these awards for addressing that issue." The judging panel of FGBA added: "There is no doubt a clear thought process has gone into the building of thisbusiness: from its corporate venturing with Morse plc in order to be takenseriously by the major banks, right through to its de-merger and the timing ofits flotation on AIM to maximise fundraising." Contacts: Monitise Group Tel: 020 7868 5200Duncan McIntyre, ChairmanAlastair Lukies, CEOBen Evetts, Head of Communications Financial Dynamics Tel: 020 7831 3113Harriet KeenHaya ChelhotErwan Gouraud About Monitise plc Monitise plc (MONI.L) is a specialist in mobile banking and payments technology.It has developed the world's first mobile banking ecosystems, which allowcustomers of multiple banks and mobile operators to perform banking and paymenttransactions directly from their mobile handset. With live services in the UK and the USA, where it has delivered the MONILINKand Monitise networks in partnership with VocaLink and Metavante Corporationrespectively, the company is currently working with international partners todeliver similar safe, secure mobile banking services in territories worldwide. Monitise was recognised as a 'Technology Pioneer' by the World Economic Forum in2006; 'Mobile Innovation of the Year' by The Banker Magazine in 2007 and;awarded the Innovation in Messaging award 2007 by the Mobile MessagingAssociation. www.monitisegroup.com This information is provided by RNS The company news service from the London Stock Exchange