Trading Statement

11 Jan 2007 07:01

Mobile Streams plc11 January 2007 Mobile Streams Plc - Trading Statement Mobile Streams Plc ("Mobile Streams" or "the Company") is pleased to provide anupdate to shareholders ahead of the release of its maiden full year results,which will be announced on 20 March 2007. Highlights include: - Revenues expected to be ahead of market estimates after strong growth in the second half- Result before tax expected to be in line with market estimates- Strong performance in all regions, particularly Latin America and North America, where revenues have approximately doubled- Profitability achieved at the EBITDA level every month since August 2006- Cash balance at 31 December 2006 of not less than £3.5 million. The majority of Mobile Streams' top line growth in the year came frompartnerships with mobile network operators. Additionally, 2006 saw the firstrevenues from platform sales of Vuesia, a proprietary platform which simplifiesthe complexities of mobile content. The three acquisitions that Mobile Streams made in 2006 are already wellintegrated, and have performed in line with management expectations. Followingthese acquisitions, Mobile Streams has a physical presence in 10 countries,giving the Company reach into every major geographical region worldwide. Eachof these businesses operates according to a global strategy with localimplementation, underpinned by a single global technical platform, Vuesia. Mobile Streams continues to benefit from its strategic relationship with LibertyMedia, and relationships have already been developed with a number of Libertyaffiliates. As the mobile media market evolves, Mobile Streams is seeing additional newopportunities in areas such as made for mobile content and consumer marketing.Given the successful investments made in 2006, Mobile Streams is well positionedto benefit from these opportunities and management looks with confidence to 2007and beyond. Enquiries: Mobile Streams Victoria Tayler, Global Marketing Communications Manager Tel: +44 207 1934766victoriat@mobilestreams.com Roger Parry, ChairmanSimon Buckingham, Chief Executive OfficerSimonb@mobilestreams.comJitesh Sodha, Chief Financial Officer Tel: 0207 395 2002jiteshs@mobilestreams.com About Mobile Streams Mobile Streams is a leading global provider of music, comedy and entertainmentcontent to mobile phones. The company's distribution platform, "Vuesia," is usedby some of the world's largest media groups and mobile phone networks includingVodafone and 3 in the UK, America Movil, Movistar and TIM in Latin America, Fidoand Rogers in Canada and Dobson in the US. "Vuesia" is Mobile Streams' full service enterprise mobile media managementsolution. "Vuesia" facilitates content ingestion, management, delivery, billingand reporting. Mobile Streams has subsidiaries in Germany, the US, Argentina, Brazil, Mexico,Chile, Colombia, Sydney and Singapore and has approximately 100 employees. For more information please go to www.mobilestreams.com This information is provided by RNS The company news service from the London Stock Exchange