Last checked at 18 May 2010 16:32
18 May 2010
Mobile Steams plc
('Mobile Streams' or the 'Company')
Annual General Meeting Announcement
Mobile Streams plc, ('Mobile Streams' or 'the Company'), the global mobile content retailer, today held its Annual General Meeting and all resolutions were duly passed. The Chairman, Roger Parry, makes the following statement:
"Since the start of 2010, Mobile Streams has made further progress in expanding its distribution network, increasing its content library and rapidly growing its mobile internet retailing business through its Ringtones.com™ brand.
We continue to invest in growing the business in a number of areas. In particular we are developing products designed to meet the needs of smartphone applications ("apps") customers, developers and distributors. This will include an app community and commerce web site, www.appitalism.com™, to be launched in the coming months. We also continue to invest in mobile internet subscriber acquisition, particularly in Latin America where the subscriber base now exceeds 180,000. These investments are funded by a combination of operational cash flows and available cash resources.
The Board continues to be excited about the developmental and growth prospects of the business and looks forward to updating its shareholders with progress in due course."
Enquires:
Mobile Streams +44 (0)1442 560029
Simon Buckingham, Chief Executive Officer
Ian Brewer, Chief Financial Officer
PR Contact +41 (0)79 4301915
Victoria Tayler, Global Communications Manager
Nominated Adviser
Grant Thornton Corporate Finance +44 (0)20 7383 5100
Philip Secrett
Broker
Singer Capital Markets Limited +44 (0)20 3205 7500
Jeff Keating
Notes to Editors
About Mobile Streams
Mobile Streams retails and distributes mobile content globally through the mobile internet via its www.Ringtones.com and www.MobileGaming.com superstores; mobile application stores including Apple iTunes and Google Android and mobile operator portals and storefronts.
Mobile Streams operates subsidiaries in North America, Europe, Latin America, Australia and Asia.
For more information, please visit www.mobilestreams.com. Follow Mobile Streams on Facebook (http://www.facebook.com/MobileStreams and Twitter (http://twitter.com/MobileStreams).