Last checked at 30 Jun 2022 07:00
30 June 2022
Mobile Streams plc
("MOS" or "the Company")
Mobile Streams extends contract with IGS
Mobile Streams plc, the AIM quoted mobile content and data intelligence company, is delighted to announce that after building a great partnership working together for the last 6 month and meeting the revenue targets in that period, the contract and partnership with IGS (International Gaming Systems) announced on 13 January 2022 has been extended for an additional 6 months starting in July.
The revenue share contract will see the two companies continue to undertake various joint projects in the areas of Esports, gaming and digital merchandise. Under the terms of the contract, IGS has committed to deliver minimum revenue to MOS of US$900,000 over the six month term a portion of which will be paid to IGS.
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 and amateur Esports competitions and content streaming.
Anders Holmstedt, IGS CEO, said:
"I am delighted to announce the continuation of 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 have big plans to build new products and develop exciting opportunities together."
Mark Epstein, CEO Mobile Streams, said:
"It has been a pleasure to work with IGS and we are very pleased to extend this great partnership. The MOS and IGS teams are working extremely well together, and we look forward to building an even closer partnership in the future. We look forwarding to delivering many great things."
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