RNS Number : 5359F
17 June 2012
eServGlobal Limited (eServGlobal or the "Company")
eServGlobal to announce half year results on 29 June 2012
New license extensions signed with top-tier operators
Paris: 18 June 2012
eServGlobal, a leading provider of Mobile Money and Value-Added Services, will announce its interim financial results for the six month period ended 30 April 2012 on Friday, 29 June 2012.
Results will be publicly available on the morning of Friday, 29 June on eServGlobal's website at www.eservglobal.com, on the Australian Securities Exchange, and on the London Stock Exchange AIM.
eServGlobal also takes this opportunity to announce that it has increased the number of subscribers using its PayMobile recharge and mobile money services on the Indian subcontinent through the expansion of a mobile recharge license agreement with a Tier 1 mobile operator. The extension covers recharge services for over 50 million subscribers across the Indian subcontinent.
The operator, who forms a part of a large multinational group, first adopted eServGlobal technology in 2002 and this license extension is an indication of the companies' continuing strong relationship and the highly scalable nature of eServGlobal's PayMobile platform.
eServGlobal technology was selected for this project due to the stability and reliability of its best in breed solution and its ability to smoothly integrate with the operator's existing Intelligent Network system. eServGlobal's solution met the requirements for voucher management features, providing a high degree of flexibility with multiple operator interfaces and superior security and encryption features.
The Company is also pleased to announce that it has extended its PayMobile recharge licensing with a North African mobile operator who is a long-term customer of the Company. eServGlobal has been providing recharge capabilities to this operator for more than six years, having extended their solution several times to support their continued growth and innovation. Following a system upgrade in 2011, the operator recorded increased recharge revenues of approximately 30% driven by the performance of eServGlobal's PayMobile platform. This latest extension, which increases subscriber coverage by 25%, demonstrates a desire to invest in eServGlobal technology as a core component in their network and is an indication of the ongoing strength of the relationship.
eServGlobal specializes in Mobile Money solutions and Value-Added Services (VAS), to help Mobile Service Providers increase their revenue and gain and maintain customer ownership. eServGlobal invests heavily in product development, using carrier-grade, next-generation technology and aligning with the requirements of more than 80 customers in over 55 countries.
For more than 28 years mobile, fixed, Internet and telecom providers have used eServGlobal solutions to lead and innovate in their local markets, leveraging their core assets and their trusted agent and subscriber relationships.
With 14 offices globally, eServGlobal provides full "end-to-end" and "any account to any account" Mobile Money Services and International Remittance Services. eServGlobal's HomeSend solution is the only mobile-centric international remittance hub to gain endorsement from the GSM Association.
eServGlobal's Value-Added Services in promotions, loyalty and messaging enable service providers to engage with their subscribers in a personalized and dynamic manner.
To reduce time-to market and to meet the needs of operators and banks, eServGlobal provides multiple licensing alternatives as well as SaaS-based products and services.
eServGlobal is listed on the Australian Securities Exchange (ESV) and the London Stock Exchange AIM (ESG). More information at: www.eservglobal.com
For further information, please contact:
Alison Cheek, Communications Manager
T: +33 (0) 1 4612 7746
Cenkos Securities plc
Ivonne Cantú/Stephen Keys (Nomad)
T: +44 (0) 20 7397 8980
Caroline Evans‐Jones/Josh Royston/Hilary Millar
T: +44 (0) 20 7653 9850
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