REG - Mobile Streams plc - Mobile Streams Indian launch & Directorate change

Mobile StreamsAnnouncement

04/02/2022 07:00

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RNS Number : 6715A  Mobile Streams plc  04 February 2022

4 February 2022

 

Mobile Streams plc

("MOS" or "the Company")

 

Mobile Streams to launch new India services with Vodafone India

Directorate change

 

India

Mobile Streams plc is delighted to announce it will be launching new services
in India in partnership with Vodafone India (Vi) during the first quarter of
2022.

 

The Company intends to launch gaming, esports and Metaverse services via its
own App to Vodafone India's over 273 million customers. The service will be
delivered via an App on the Google App Store in India and will enable
customers to pay directly from their Vodafone bill via their Google wallet.
Initial games will be available by the end of first quarter subject to
approval from the Google play store.

 

The Company is also in advanced discussions with the Jio mobile network in
India regarding new service launches and will update the market on those in
due cause. This announcement means the Company has now reinvigorated and
re-launched in all the main territories of the legacy business inherited from
previous management, and we look forward to announcing further continued
expansion in due course.

 

Directorate change

The Company announces that Nigel Burton, Non-Executive Director of the
Company, has stepped down from the Board with immediate effect due to other
business commitments, but will remain fully committed to the Company as a
part-time paid adviser.

 

Nigel Burton retiring Non-Executive Director, said:

"We are very pleased to announce the launch of our new services in India. To
be able to market our offering to Vodafone India's over 273 million customers
is a massive opportunity for the business. It also completes the turnaround of
the legacy business we took over and I am delighted to have been able to
accomplish this. In July 2021 we strengthened the Board, with our Chairman Bob
Moore bringing a wealth of legal and commercial experience to the Company, and
Rama Uthayanan our Finance Director bringing UK financial experience to the
Company. Following a six month overlap I am now stepping down from the Board
but will still be deeply involved in the development of the Company at every
level. I look forward to continuing to serve the business in my new role,
maintaining my close working relationship with Mark and the rest of the team,
and delivering more success for the Company."

 

Bob Moore, Non-Executive Chairman, said:

"I'd like to thank Nigel on behalf of the Company and all shareholders for
leading Mobile Streams since November 2019. Since then, the balance sheet has
been transformed, the Company is well funded with current cash balances of
£1.3m, the share price has increased by over 200%, and new revenue streams
have been introduced, including through building on the existing Telco
relationships in all the remaining territories of the legacy business. We look
forward to growing the business in the current year and beyond."

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic
Law by virtue of the European Union (Withdrawal) Act 2018. Upon the
publication of this announcement, this inside information is now considered to
be in the public domain.

About Streams Data

The Streams Data business provides data insight, intelligence and
visualisation services and marketing optimisation tools. The enterprise level
bespoke service achieved first revenues in June 2020, and the Streams SaaS
("Software as a Service") self-service platform generated initial customer
revenues in October 2020. Enterprise clients include The Economist and Quanta
Media Group.

 

For further information, please contact:

 

Mobile Streams plc

Mark Epstein, CEO

Nigel Burton +44 77 8523 4447

www.mobilestreams.com
(file:///C:/Users/Nigel/AppData/Local/Microsoft/Windows/INetCache/Content.Outlook/VGARX936/www.mobilestreams.com)

 

Beaumont Cornish (Nominated Adviser)

James Biddle and Roland Cornish

+44 (0) 20 7628 3396

Peterhouse Capital Limited (Broker)

Lucy Williams and Duncan Vasey

+44 (0) 20 7469 0930

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