Zamano Regulatory News (ZMNO)

Zamano PLC

22 December 2014

zamano plc

Interim Management Statement

Zamano (AIM: ZMNO | ESM: ZAZ), the mobile payments and marketing company, today announces that it is now an approved direct carrier billing partner with Vodafone Ireland and has successfully connected to Vodafone Ireland for Direct Operator Billing / Carrier Billing. Zamano will now develop the required platform infrastructure to allow merchants to sell goods directly to Vodafone Ireland customers and process payments via direct carrier billing provided by zamano. Vodafone Ireland represents approximately 43% of the mobile market in Ireland and zamano is in ongoing discussions with other network operators. Zamano sees the development of our Direct Carrier Billing offering as a natural evolution to our business model.

In addition, Zamano's core business which is based on bulk SMS and SMS payments continues to perform well in a very competitive and highly regulated market resulting in ongoing growth in both revenues and profitability compared with prior year. Zamano continues to look for opportunities to buy businesses on sensible valuations that are synergistic with our core assets and skills. 

Ross Conlon, CEO of Zamano plc, commented "Getting direct connections to Mobile Networks Operators' carrier billing systems is a key objective for the group. We are currently negotiating with other operators and look forward to getting other connections fully established in the near future. We believe that user experience will win out with respect to payments on Smartphones. Our strategy will be to build an Application Programming Interface (API) around our platform to enable our customers to access simple mobile payment systems.

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 For further information, please contact:

zamano plc

Ross Conlon, Chief Executive Officer

Tel: + 353 1 554 7259

Michael Connolly, Chief Financial Officer

Tel: +353 1 554 7261

Investec Corporate Finance

Shane Lawlor/Conor Murtagh

Tel: + 353 1 4210000

Cenkos Securities

Alan Stewart/Derrick Lee

Tel: + 44 (0) 131 220 6939

Media Enquires:

MCOMM Communications Consultants

Richard Moore

Tel: +353 1 661 9428

Mob: +353 87 241 4751