Last checked at 5 Apr 2011 07:00
Mobile Streams plc
Mobile Internet Subscriber Base passes 750,000 Customer Milestone
London - (AIM: MOS), 5 April 2011 - The global mobile content retailer, Mobile Streams, announces today that it has currently an active subscriber base of more than 750,000 customers for its mobile internet subscription services. This equates to a 500% increase on this time last year when subscriber numbers reached 150,000. As the Company mentioned in its Interim Results last month, Mobile Internet revenues increased by over 400% in 2010 and this growth was largely due to the popularity of its Mobile Internet services in Latin America.
"My team and I have spent years establishing and cultivating our relationships with network operators in Latin America which, coupled with our strong local content portfolio, has meant we have been successful in developing innovative and popular Mobile Internet services to attract mobile users. We look forward to building on our phenomenal growth in 2011," commented Pedro Rosillo, Executive Vice President of Latin America at Mobile Streams.
The success of the subscription services is testament to Mobile Streams' understanding of the Mobile Internet market in Latin America as well as the culture to ensure that the content channels created attract and retain mobile users. At present the services offer a variety of content and information options to subscribers including music, games, apps, news, sports, fashion, horoscopes and celebrities. These services are available regionally through dedicated mobile internet sites such as http://www.mobileWAP.com and http://www.appitalism.com and also via the popular short code "2323" in Argentina.
Also commenting on the landmark subscriber numbers, Simon Buckingham, CEO of Mobile Streams said: "The Latin America team has achieved amazing success and growth with the Mobile Internet services in just a year since their active launch. We are continuing to see these services grow in 2011 building on these successful foundations with new services and new markets being added steadily. Since some of our key mobile operator agreements include volume-related increases in our revenue share payments as we reach revenue milestones, our bottom line results have also benefited from the growth we have been seeing in subscribers and revenues."
Enquires:
Mobile Streams +1 917 751 9942
Simon Buckingham, Chief Executive Officer
Gabriel Margent, Group CFO
Victoria Tayler, Public Relations Manager +41 79 4301915
Nominated Adviser
Grant Thornton UK LLP +44 (0)20 7383 5100
Philip Secrett
Broker
Singer Capital Markets Limited +44 (0)20 3205 7500
Jeff Keating