Signs Second Major App Store

RNS Number : 0363J

Bango PLC

24 June 2011

 



24 June 2011

Embargoed until 07:00

BANGO PLC

("Bango" or "the Company")

Signs Second Major App Store

Bango (AIM: BGO), the mobile payments and analytics company, announces today that it has signed an agreement with Opera Software to provide mobile payments for the Opera App Store.

Under the agreement Bango will provide mobile payments worldwide for the Opera Mobile App Store, which can be accessed from phones that run the Opera Mini and Opera mobile browsers, as well as any other mobile browser. Today the browsers run on more than 100 million devices worldwide; and can be run on over 3000 different mobile phone models, including most major mobile operating systems. The Opera Mobile App Store is designed to provide apps configured for the user's individual device.

The store currently delivers 1 million app downloads a day through an easy to run, browser-based interface. Bango is providing charge-to-mobile bill and other payment methods, such as credit card billing. The Bango mobile payment feature is expected to go live and generate revenues in calendar Q3 of 2011, the second quarter of Bango's financial year.

Ray Anderson, CEO, commented: "Bango is delighted to now provide carrier billing for the Opera Mobile App Store; our second major app store. Bango is continuing to develop a number of other significant app store opportunities and our progress gives us confidence that we are well placed to accelerate growth in future periods."

Contact Details:

Bango plc	Threadneedle Communications	Cenkos Securities plc
Tel. [phone] www.bango.com	Tel. [phone]	Tel. [phone]
Ray Anderson, CEO	Caroline Evans-Jones	Ken Fleming
Peter Saxton, CFO	Fiona Conroy	Beth McKiernan

About Bango

Bango (AIM: BGO) provides technology that enables commerce on the mobile web.

Bango enables businesses of all sizes to collect payment for music, games, applications, videos and services sold to internet connected mobile phone users.  Bango is able to charge payments to mobile phone bills or use other billing methods such as credit card based on intelligence about the consumer. Bango also provides an analytics service that provides accurate information about visitors and the effectiveness of marketing activities for mobile web sites.

Visit www.bango.com.

About Opera Software ASA

Opera Software ASA has redefined Web browsing for PCs, mobile phones and other networked devices. Opera's cross- platform Web browser technology is renowned for its small size, performance and standards-compliance, while giving users a faster, safer and more dynamic online experience. Opera Software is headquartered in Oslo, Norway, with offices around the world. The company is listed on the Oslo Stock Exchange under the ticker symbol OPERA.

Learn more about Opera at www.opera.com/company.

 

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