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6 Jul 2017 07:00
6 July 2017
MySQUAR Limited ("MySQUAR" or the "Company")
New Product Launch
MySQUAR, the Myanmar-language social media, entertainment and payments platform whose principal activity is to design, develop and commercialise Myanmar-focused internet-based mobile applications, is excited to announce the release of a news aggregator called Mingalarbar Morning (www.mingalarbarmorning.com), which is designed to be used with both desktop and mobile devices.
MySQUAR recognised there is a lack of comprehensive local language news sources in Myanmar and has built its own news portal to close this gap. Mingalarbar Morning is one of the first news aggregators in Myanmar offering more diversified and dynamic articles through a curated selection of hard (headline news, politics, business and international news) and soft (arts, entertainment, lifestyle and sports) news from quality sources in Myanmar language.
The site is a complement to existing news sites as it diversifies the type of news that readers would receive as their favorite news site may not cover certain topics or have less depth and gives readers the opportunity to search and discover news. The site is expected to be monetised through third party advertising in due course.
Eric Schaer, CEO of MySQUAR, said: "The news sector in Myanmar is in its infancy with high growth potential and as such we are excited to be one of the first mobile-friendly news aggregators in the market. The news site allows the Company to diversify and broaden its user base, adding not only an additional sales channel whereby the Company can cross-sell its apps and games, but also an additional monetisation opportunity. In addition, the Company sees further opportunities to integrate some of the existing products with www.mingalarbarmorning.com such as including news in MyChat or expanding Fastsell into a classifieds section of the site."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
For further information:
MySQUAR Limited |
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Eric Schaer (Chief Executive) | Tel: +65 6818 6089 | |||
Pham Dang Hung (CFO) |
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SP Angel Corporate Finance LLP |
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Nominated Adviser | Tel: +44 (0) 203 470 0470 | |||
Stuart Gledhill/Soltan Tagiev
Beaufort Securities Limited Broker Jon Belliss/Elliot Hance
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Tel: +44 (0) 207 382 8300
Tel: +44 (0) 781 677 0758 damien@mccrystal.info
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