Mysquar Regulatory News (MYSQ)

MySQUAR Limited / Index: AIM / TIDM: MYSQ / Sector: Technology

22 July 2015

MySQUAR Limited ("MySQUAR" or the "Company")

User Acquisition update

MySQUAR, the Myanmar-language social media and entertainment platform whose principal activity is to design, develop and commercialise Myanmar-focused internet-based mobile applications, is pleased to announce an update in its user acquisition numbers which continue to grow strongly with total user numbers as at 17 July 2015 surpassing the important milestone of 1,000,000. This represents an increase of approximately 29 % on total users as at 31 May 2015 being 774,636 total users as stated in the Company's AIM Admission Document and an increase of approximately 10% in total users since 30 June, as announced on 8 July 2015. 

Commenting on the growth in user numbers CEO Eric Schaer said,

"This is a very significant milestone in the Company's progress. The rate of user acquisition has developed ahead of the Company's expectations as Myanmar's population continues to embrace smartphones and the internet at a prodigious rate. Passing the one million mark is important in how MySQUAR's services are viewed, not only by our users but also by potential commercial partners and we look forward to providing further updates in respect of both user numbers and commercial developments in due course"

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