Contracts win

RNS Number : 3393Y

Velti PLC

21 December 2010

 



For Immediate Release	December 21, 2010

Velti accelerates global growth with major operator wins

Multi-million dollar engagements across the world

December 21, 2010: Dublin, Ireland and San Francisco, California - Velti (AIM:VEL), a leading global provider of mobile marketing and advertising technology, announced today that it has won significant contracts with several of the world's largest mobile telecommunications operators.

Customer wins include: top global operators T-Mobile, Vodafone, MTS, O2 Orange, Qatar Telecom (Qtel), Zain, Orascom Group's Mobilink & Djezzy Etisalat, Mobinil, and Globalcom (Glo).

The wins represent a mix of new business from operators Velti has worked with in the past as well as new customers. Velti expects the combined contract wins to contribute approximately $10 million in revenue in the fourth quarter of 2010.

The mobile marketing campaigns are individually designed to stimulate, strengthen and effectively monetize each operator's relationship with their mobile subscribers by creating an interactive, loyal and stable audience.

To deliver these campaigns, Velti is leveraging Velti mGage™ - its carrier grade Software-as-a-Service (SaaS)-based mobile marketing platform. The flexibility and robust nature of mGage enables operators to offer strongly differentiated, totally customized programs in highly competitive markets. In the first six months of 2010, more than 525 brands, ad agencies, mobile operators and media companies used the mGage platform to conduct over 1,200 campaigns. 13 of the 20 largest mobile operators worldwide have now worked with Velti, which has the ability to reach 2.5 billion consumers in over 30 countries.

Alex Moukas, CEO of Velti said, "Our global reach, proven technology and 10-year track record of delivering successful programs makes Velti the technology partner of choice for many of the world's most powerful and innovative mobile operators and brands. They trust our technology to protect and enhance the value of their customer relationships and deliver engaging and profitable mobile marketing initiatives in a timely and efficient manner. Large-scale mobile marketing and loyalty campaigns can deliver participation rates of over 30% with numerous interactions per consumer, resulting in a high level of active consumer engagement with the brand every day.

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Forward-Looking Information

This press release contains forward-looking statements including, but not limited to, statements about the aggregate revenue expected from the combined contract wins of approximately $10 million in the fourth quarter of 2010.  Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and there are important factors that could cause our actual results to differ materially from those in the forward looking statements. These risks include, without limitation, that the campaigns run for each such customers may not achieve the expected performance, causing Velti to incur additional costs or to fail to generate the revenue anticipated on each such contract.  The forward-looking statements included in this press release are made only as of the date of this press release; Velti does not undertake any obligation to publicly revise or update any such forward-looking statement to reflect events or circumstances that may arise after the statement was made. Investors are cautioned not to place undue reliance on forward-looking statements.

About Velti

Velti is a leading global technology provider of mobile marketing and advertising solutions that enable brands, advertising agencies, mobile operators and media to implement highly targeted, interactive and measurable campaigns by communicating with and engaging consumers via their mobile devices. Our technology platform, called Velti mGage, allows customers to use mobile and traditional media to reach targeted consumers, engage the consumer through the mobile internet and applications, convert them into customers and continue to actively manage the relationship through the mobile channel. Velti is a publicly-held corporation based in Jersey which trades on the London Stock Exchange's AIM under the symbol VEL. For more information, visit www.velti.com. 

For further information, please contact:

Bankside Consultants Simon Bloomfield [e-mail] [phone] The Blueshirt Group Mike Bishop [e-mail] [phone] RBC Capital Markets (NOMAD and Broker) Joshua Critchley Matthew Coakes Daniel Conti [phone]

Velti plc Alex Moukas Chief Executive Officer [phone] Wilson Cheung Chief Financial Officer [phone] Dakota Sullivan VP Global Marketing [e-mail] [phone]

 

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