International expansion and contractsMay 10, 2010
FOR IMMEDIATE RELEASE
10 May 2010
CONTINUES INTERNATIONAL MOBILE EXPANSION;
NEW ORDER WINS IN SE EUROPE AND AFRICA
Globo plc (“Globo” or “the Group”; LSE-AIM: GBO), the international IT, mobile solutions and S.a.a.S group, is delighted to announce the continuing development of its international mobile business with a new order for CitronGO! from a Mobile Network Operator (“MNO”) in South East Europe and contract for a large SMS Campaign in Africa).
Globo has received an order, from a MNO in South East Europe, to provide the CitronGO! messaging and social networking service to be rolled out by the end of the first half of 2010. The service is based on the CitronGO! SaaS offering under which Globo will receive a fixed service fee per month per active user. The technical implementation is already in progress and is expected to be finalised by the end of May 2010.
Globo has also won a contract to provide a technology solution to enable one of the leading MNOs in Africa to conduct a large scale SMS Campaign over a period of 3 months. The campaign is expected to generate revenues of approximately €1 million for the Group within the first half of the Group’s financial year.
These business wins follow the first contract for CitronGO!, announced in January 2010, with a major operator in South East Asia with more than 85 million subscribers. Since then Globo launched GO!Social, a social networking product for the youth market, at the GSMA in Barcelona in February as well as signing an MOU with a Latin American operator.
In support of its international expansion plans, the Group is recruiting internationally experienced professionals in the mobile sector, who are working with regional teams to develop relationships with MNOs in Latin America, North America, South East Europe, the Middle East, India, China and South East Asia. In addition, in March 2010 the Group established a regional office in Singapore to monitor and expand the Group’s operations in the South East Asia region, focusing on the development of CitronGO! and other mobile services.
Costis Papadimitrakopoulos, CEO, commented:
“We are delighted that through CitronGO! and other products Globo’s expansion into the international mobile applications market is gaining real momentum. Our focus on establishing relationships with MNOs wishing to enrich the mobile experience of their customers is now paying off. The contracts we have won in Africa and South East Europe is the result of a concerted international business development effort targeting 81 MNOs in 66 countries representing 1.2 billion subscribers – or close to a quarter of global mobilesubscribers.
“The latest contracts for CitronGO! will increase Globo’s international subscriber base, which is developing in SE Asia, as well as generating recurring revenues from our SaaS offering. The large scale SMS campaign contract is a result of the Group’s combined technological and mobile industry expertise, expanding geographical footprint and excellent MNO relationships.
“We are excited about the opportunities in the international mobile market and look forward to reporting further developments.”
Note to editors:
CitronGO! is an open, ‘cloud’ mobile communications platform solution which enables users to interact with multiple services including e-mail, Instant Messaging, contacts, calendar and social networking at any time, any place and using any connected device.
CitronGO! has been developed from Globo’s existing e-business, communications and S.a.a.S proprietary technologies. The key features include:
o all applications integrated onto a single screen;
o synchronisation of data over the air (OTA) to provide:
· push email, contacts, calendars supporting all major providers;
· instant messaging (supporting the major I.M. providers);
· file and folders web storage ‘cloud; and
· social networking accounts (supporting the major social networks)
+30 210-646-6008 +30 210-646-6008
Costis Papadimitrakopoulos, CEO
Dimitris Gryparis, Finance Director
NCB Stockbrokers Limited (Nomad)
+44 20-7071-5200 +44 20-7071-5200
Christopher Caldwell or Barclay Clibborn
Astaire Securities Plc (Joint Broker)
+44 20-7448-4454 +44 20-7448-4454
Daniel Stewart & Company Plc (Joint Broker)
+44 20-7776-6550 +44 20-7776-6550
+44 20-7367-8888 +44 20-7367-8888
Steve Liebmann, Simon Bloomfield or Andy Harris
GLOBO plc was admitted to AIM in December 2007. Founded in 1997, Globo has established itself as one of the market leaders in the ICT market, offering a wide range of products and services to the corporate, public and consumer market. It provides mobile, e-business and telecom software products and related services to the private and governmental and mobile sectors. The Group expands internationally based on its mobile communications strategy. For further information please go to www.globoplc.com.