22 May 2014 17:00
For immediate release | 22 May 2014 |
MoPowered Group plc
("MoPowered")
Completion of audit
MoPowered is pleased to announce that further to the announcement on 13 May 2014, the audit of the final results for Mopowered Limited for the year ended 31 December 2013 has been completed (the "Financial Statements"). The results and information set out in the announcement on 13 May 2014 remain unchanged.
The Financial Statements are available on the Company's website: https://www.mopowered.co.uk/ and will be shortly available via Companies House.
For further information, please contact:
MoPowered Group plc Dominic Keen, CEO Ben Carswell, CFO | investors@mopowerd.co.uk Tel: +44 20 3242 0515 |
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N+1 Singer Shaun Dobson Gillian Martin | Tel: +44 20 7496 3000 |
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Buchanan Charles Ryland Sophie McNulty Clare Akhurst | Tel: +44 20 7466 5000 |
About MoPowered Group plc
MoPowered is a 'Software-as-a-Service' ('SaaS') platform, launched in March 2012, which works with businesses of all sizes, to automate websites and enable mobile commerce. Key distribution partnerships with PayPal, WorldPay and MasterCard enable the Group to access the majority of UK merchants.
The software platform allows automated development of mobile sites rather than custom deployment with the corresponding time and cost advantages. The commercial model is predominantly based on long-term contracted, recurrent revenues.
MoPowered is operating right at the centre of one of the most fundamental shifts in consumer consumption in the history of commerce. Now that the vast majority of shoppers in the UK have powerful, well-networked smartphones with them at all times of day, they are choosing to take advantage of the convenience and immediacy of the m-commerce medium to buy goods and services. Having developed a SaaS platform to allow online retailers to transform efficiently their websites into a format that is suitable for small touchscreen devices, MoPowered is helping ever increasing numbers of businesses to become mobile friendly and is well positioned to become a leading enablement platform for m-commerce.
Online merchants have a number of options for serving their mobile shoppers. The MoPowered offering is providing an increasingly compelling method for these merchants to profit from m-commerce by extending their reach and growing their revenues. MoPowered's pay-per-use fee model and simple configuration requirements make their propositions substantially different from alternatives that require much heavier upfront investments and have a higher impact on customer resources.