Trading Statement
Messaging International Plc
23 October 2006
Messaging International Plc / Market: AIM / Epic: MES / Sector: Technology
23 October 2006
Messaging International Plc ('Messaging International' or 'the Company')
Trading Update
Messaging International plc, the AIM traded provider of innovative messaging
services, is pleased to provide an update on its recent trading performance. The
Company has completed a number of deals and is in active discussions with global
telecom operators and enterprises with the intention of securing additional
sales and licensing agreements to increase the market uptake of Messaging
Internationals product portfolio. Highlights include:
• An agreement was signed to supply the Company's Text to Landline
solution to Californian based telecoms operator, Boost Mobile(R). The
service will enable Boost customers to send text messages, which are then
converted to automated voice messages and delivered to any landline phone in
the USA and Canada. The recipient can then send a voice or selected text
message reply, which the original sender can retrieve through a text message
alert. Boost Mobile customers will pay standard text message rates per
outgoing message, and Messaging International will receive a percentage of
the revenues generated. Boost is a lifestyle-based telecommunications brand
focused on offering premium Pay-As-You-Go wireless phones and services to
the youth market. It is among the fastest growing wireless services in the
U.S. and has more than 3.6 million customers.
• Two new solutions have been launched - PC to Multi-Media Services and PC
to Text (MMS/SMS). New contracts for the services have already been signed
with leading mobile operators in Israel (circa 2 million users) and Thailand
(circa 20 million users) and there has been considerable interest from
various other large telecom operators, which have requested proposals.
• A partnership agreement has been signed with Syniverse Technologies
(NYSE:SVR), a leading provider of mission-critical technology services to
wireless telecommunications companies worldwide. This strategic agreement
includes the appointment of Syniverse as a non-exclusive worldwide marketing
representative to promote the Company's products.
• A number of Tier 1 and Tier 2 North American operators are currently
piloting the Company's proprietary Text to Landline solution, which converts
text messages sent to a landline phone into automated voice messages. These
are in addition to Sprint PCS, Nextel, Virgin Mobile and another Tier 1
operator, all of which launched this product in 2006. The Company has seen a
steady monthly rise in the number of messages flowing through the platform -
in January 2006 the Company processed 1.4 million messages and in August
2006 the number had risen to 2.2 million.
• Licensing deals continue to expand with Isracard, the largest credit
card provider in Israel and with Bank Leumi, the second largest bank in
Israel, to enhance their messaging platforms.
• Relationships have been established with various world leading messaging
vendors, highlighting the growing awareness in the market for the Company's
products.
• Additionally, Messaging International is actively looking at
opportunities to further develop the business and enhance its product
offering to current and potential new customers through complementary
acquisitions.
With the benefit of the net proceeds received on its IPO, the Company enjoyed a
period of growth during 2005 and 2006. The Company is now examining a range of
suitable fundraising options available given its current stage of development.
In the interim, the Company has obtained a banking credit facility of $250k,
which was guaranteed by its Chairman.
Messaging International CEO, Guy Levit, said: 'We are committed to building our
international presence and continue to make strong progress in advancing
agreements with major global wireless operators and enterprises. Despite the
long sales cycle to telecom carriers and their slow service launching process,
we draw confidence from the growing recurring revenues derived from our healthy
customer base, the healthy pipeline of new business prospects and the growing
awareness and demand for PC to SMS/MMS services, the Company's core products. .'
* * ENDS * *
Contacts:
Guy Levit Messaging International Plc Tel: + 972 3 9225252
Isabel Crossley St Brides Media & Finance Ltd Tel: +44 (0) 20 7242 4477
Notes
Messaging International Plc
Messaging International Plc joined AIM in August 2005 with the objective of
becoming a leading provider in the rapidly growing multimedia messaging market.
Its 100% owned subsidiary, TeleMessage Ltd (www.telemessage.com), provides
cross-platform media messaging management systems and applications. These are
designed to enable PC, browser, mobile phone and wireline telephone users to
send, receive and manage voice messages, email, text (SMS), IM and MMS across
various media platforms. It supports multiple languages, text to speech
conversion, e-mail notification, unlimited SMS length, and direct reply to SMS
capabilities, all illustrating the uniqueness of the service. The Company has a
number of contracts with major blue chip companies including Rogers Wireless,
the largest wireless provider in Canada.
This information is provided by RNS
The company news service from the London Stock Exchange
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