Last checked at 13 Jan 2022 12:30
13 January 2022
Mobile Streams plc
("MOS" or "the Company")
Major contract win. Monthly revenue now over $120,000 per month
Mobile Streams plc, the AIM quoted mobile content and data intelligence company, is delighted to announce a major strategic partnership contract with International Gaming Systems ("IGS") which is expected to deliver significant revenue to the Company. As a result, the Company expects its monthly revenue across all services to exceed US$120,000 this month.
The revenue share contract with IGS will see IGS's gaming and entertainment services launched and made available globally via the MOS website mobilegaming.com and via MOS telco contracts when ready. These services will begin in Q1 this year with the initial launch of a FIFA Esports tournament involving a top Eurasian football league and a trading service for online gaming skins. These will precede the rollout of further Esports, gaming and content services that IGS will deliver via Mobilegaming.com. IGS will also actively look for other opportunities to grow revenues in partnership with the Company. Additionally, IGS will be using the Steams platform to accelerate and better target its marketing services. Under the terms of the contract, IGS has committed to deliver minimum revenue to MOS of US$720,000 over the first six months, a portion of which will be paid to IGS and MOS will fund modest start-up costs.
About IGS www.internationalgamingsystems.com
With origins in lottery games and services, IGS is an established, revenue generating business evolving into a transformative esports and gaming services provider that focuses on an esports experience beyond the core traditional professional esports, amateur esports competitions and content streaming.
Anders Holmstedt, IGS CEO said:
"I am delighted to announce this major strategic partnership with Mobile Streams. With our gaming and entertainment content and their delivery platform we have enormous scope to grow services and revenue. We can't wait to get going with the partnership, first with our Esports competition and Skins trading but then with much more to come."
Nigel Burton, Non-Executive Director, said:
"The IGS contract is a great start to the year. It shows how far we've come and it's a credit to the whole team that we can now attract strategic partnerships of this level. We look forward to continued growth in the months ahead."
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
About Streams Data
The Streams Data business provides data insight, intelligence and visualisation services and marketing optimisation tools. The enterprise level bespoke service achieved first revenues in June 2020, and the Streams SaaS ("Software as a Service") self-service platform generated initial customer revenues in October 2020.
For further information, please contact:
Mobile Streams plc
Nigel Burton, Non-Executive Director
+44 77 8523 4447
www.mobilestreams.com
Beaumont Cornish (Nominated Adviser)
James Biddle and Roland Cornish
+44 (0) 20 7628 3396
Peterhouse Capital Limited (Broker)
Lucy Williams and Duncan Vasey
+44 (0) 20 7469 0930