Last checked at 4 Feb 2022 07:00
4 February 2022
Mobile Streams plc
("MOS" or "the Company")
Mobile Streams to launch new India services with Vodafone India
Directorate change
India
Mobile Streams plc is delighted to announce it will be launching new services in India in partnership with Vodafone India (Vi) during the first quarter of 2022.
The Company intends to launch gaming, esports and Metaverse services via its own App to Vodafone India's over 273 million customers. The service will be delivered via an App on the Google App Store in India and will enable customers to pay directly from their Vodafone bill via their Google wallet. Initial games will be available by the end of first quarter subject to approval from the Google play store.
The Company is also in advanced discussions with the Jio mobile network in India regarding new service launches and will update the market on those in due cause. This announcement means the Company has now reinvigorated and re-launched in all the main territories of the legacy business inherited from previous management, and we look forward to announcing further continued expansion in due course.
Directorate change
The Company announces that Nigel Burton, Non-Executive Director of the Company, has stepped down from the Board with immediate effect due to other business commitments, but will remain fully committed to the Company as a part-time paid adviser.
Nigel Burton retiring Non-Executive Director, said:
"We are very pleased to announce the launch of our new services in India. To be able to market our offering to Vodafone India's over 273 million customers is a massive opportunity for the business. It also completes the turnaround of the legacy business we took over and I am delighted to have been able to accomplish this. In July 2021 we strengthened the Board, with our Chairman Bob Moore bringing a wealth of legal and commercial experience to the Company, and Rama Uthayanan our Finance Director bringing UK financial experience to the Company. Following a six month overlap I am now stepping down from the Board but will still be deeply involved in the development of the Company at every level. I look forward to continuing to serve the business in my new role, maintaining my close working relationship with Mark and the rest of the team, and delivering more success for the Company."
Bob Moore, Non-Executive Chairman, said:
"I'd like to thank Nigel on behalf of the Company and all shareholders for leading Mobile Streams since November 2019. Since then, the balance sheet has been transformed, the Company is well funded with current cash balances of £1.3m, the share price has increased by over 200%, and new revenue streams have been introduced, including through building on the existing Telco relationships in all the remaining territories of the legacy business. We look forward to growing the business in the current year and beyond."
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. Enterprise clients include The Economist and Quanta Media Group.
For further information, please contact:
Mobile Streams plc
Mark Epstein, CEO
Nigel Burton +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