Last checked at 30 Dec 2022 07:30
30 December 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 12 months the contract and partnership with IGS (International Gaming Systems) as originally announced on 13 January and extended on 30 June 2022 has been extended again for an additional 6 months starting in January 2023.
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. Details of the amount received gross and net under the original arrangement for the period to 30 June 2022 are included in the Final Results for that period.
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.
Mark Epstein, CEO Mobile Streams, said:
"It has been great to work with the IGS team over the last year and we are delighted to extend the contract for a further 6 months."
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 Mobile Streams
Mobile Streams delivers world class gaming content to a global audience, through its LiveScores and mobilegaming.com platforms, our long-standing carrier relationships in countries including India, Argentina and Mexico, and partnership with IGS (International Gaming Systems). Our Streams data insight, intelligence and visualisation services and marketing optimisation tools support the content business, as well as serving enterprise level bespoke clients and the Streams SaaS ("Software as a Service") self-service platform. Our strategy is to deliver next-generation content including gaming, Esports and related NFTs to a global audience.
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