23 Mar 2015 07:00
Touchstone Gold Limited ("Touchstone" or the "Company")
GOS Systems signs new MVNO agreement to address expanding secure communications service
London, 23 March 2015 - Touchstone (AIM: TGL), the AIM listed investment company, provides an update on GOS Systems ("GOS"), a UK security technology group recently acquired in accordance with Touchstone's investment policy.
GOS has entered into a Mobile Virtual Network Operator (MVNO) agreement with a British telecommunications services provider. The MVNO agreement strengthens the GOS's capabilities in the provision of secure communications. In particular, the MVNO status enables GOS to integrate its mobile services more cost effectively and extends the growth of GOS' secure voice and covert communication management systems. Customers will benefit from a seamless, resilient and secure communications system supported and billed by GOS.
Jamie Ridealgh, Chief Executive Officer of GOS, said:
"We are delighted to enter into a new MNVO agreement. The arrangements further advance our strategy of growing GOS' product offering to existing and new customers as we focus on expanding our global customer footprint and increasing recurring revenue. We are well positioned to benefit from a sizeable and growing number of customers already choosing GOS, and we see firm opportunities in both the near and medium term to further accelerate our growth."
Franz Forrester, COO of Touchstone commented:
"Following the acquisition of GOS Systems, the nature and quality of investment opportunities that we are seeing has increased very markedly, particularly in the area of cyber security. We are pleased with the progress made by GOS Systems but also wish to inform our shareholders that we continue to review new investment opportunities."
About GOS Systems
· GOS Systems is a UK security group providing a range of leading-edge tactical and strategic intelligence gathering and secure communication solutions for law enforcement, homeland security and government agencies around the world.
· GOS' intelligence gathering solutions provide real-time monitoring of cellular, voice, SMS, and IMSI and IMEI metadata.
· GOS' safe communications solution offers secure mobile telephony services to ensure privacy and security for customers.
For further information please contact:
Touchstone Gold Limited Trevor Wells |
| Tel: +44 203 301 9337 |
finnCap Ltd Ed Frisby / Simon Hicks
|
| Tel: +44 20 7220 0500 |
Peterhouse Corporate Finance Limited | Tel: +44 20 7469 0936 | |
Lucy Williams |