MyScreen Mobile Secures $5 Million to Launch Its Mobile Advertising Technology in Turkey, Middle East and Other Markets
December 22 2009 - 7:00AM
Marketwired
Attention assignment editors, mobile phone reporters, technology
reporters, marketing and advertising reporters, and investment,
financial and business reporters:
MyScreen Mobile Inc. (MyScreen) (PINK SHEETS: MYSL)(FRANKFURT:
WICI), a global provider of interactive mobile advertising
services, today announced it has secured $5 million from Global
Financial Enterprises LLC (GFE) to launch its products in Turkey,
the Middle East and other markets beginning in the first quarter of
2010. MyScreen's patent-pending technology platform delivers
full-screen advertisements to the mobile phones of opt-in
subscribers and provides them with rewards such as free services,
special offers and discounts.
The investment follows MyScreen's successful August 2009 product
trial in Turkey with Turkcell, the country's largest mobile network
operator.
"MyScreen's successful trial with Turkcell confirms it provides
the best platform for consumers to interact with their favorite
brands and for advertisers to deliver highly targeted ads to
subscribers," said Yilmaz Kalkavan, a GFE member/owner.
Added Sam Halim, a GFE managing member/owner: "We are delighted
to establish financial and business partnerships with MyScreen and
support its roll-out in Turkey, the Middle East and other
geographies."
Seraf Akin, another GFE member/owner, said that GFE is confident
in its investment. "MyScreen has great potential in these markets
and offers a unique advertising platform," Akin said.
Maurizio Angelone, CEO of MyScreen, said the company shares
GFE's enthusiasm with the partnership. "Global Financial
Enterprises is an ideal investment partner for MyScreen based on
its financial and intellectual capital," Angelone said. "Its
intimate knowledge of the Turkish market will be invaluable for our
success there. We look forward to expanding our partnership in
other regions."
Angelone said MyScreen differs from the other mobile advertising
vehicles currently available, as MyScreen's ads are:
- Full-screen, visually engaging graphics that convey the
advertisers' brand image
- Delivered in a non-shared advertising environment that
provides brand exclusivity. MyScreen ads are delivered at the end
of every call, creating much better visibility than SMS texts and
banner ads. Banner ads are only visible to consumers while they
browse the Internet.
- Designed to enable consumers to respond directly to the ads
with MyScreen's proprietary "ad value hot keys" functionality.
MyScreen ads have generated click thru rates (CTR's) that exceeded
20 percent. MyScreen greatly outperforms Internet CTR's, which are
widely known to average less than 1 percent. According to the
latest industry data, the average CTR is only .1 percent.
- Individually targeted to match each subscriber's self-created
demographic and psychographic profiles, making the ads highly
relevant to their unique interests and lifestyles
- Incentive-based, with subscribers accumulating reward points
for every ad they view on their phones. Points are redeemed in the
form of free and bonus telecom services. Exclusive
"made-for-MyScreen" offers, such as free trial products or special
promotional pricing, are provided by participating advertisers
Moreover, MyScreen's mobile advertising solution is designed to
integrate seamlessly without interrupting users' regular call
behaviors. Subscribers choose the type of content and ads they
receive from categories such as sports, entertainment, lifestyle
and health. Advertisers can use MyScreen's unique "ad value hot
keys" to raise brand awareness, launch products and services,
promote special offers, generate traffic to retail locations,
improve customer loyalty and drive sales. MyScreen currently has a
potential 182 million mobile subscribers under contract worldwide
and expects that number to jump to almost 500 million during the
next 12 months.
About Global Financial Enterprises LLC
Global Financial Enterprises LLC (GFE) is owned and managed by
Yilmaz Kalkavan, the Akin family and Sam Halim. The company is
capitalized privately and looks for strategic investments in
cutting-edge technology and healthcare sectors. The company and its
owners have strong strategic alliances as well as capital resources
in Turkey, the Middle East, and Europe.
About MyScreen
MyScreen (PINK SHEETS: MYSL)(FRANKFURT: WICI) is a
first-of-a-kind mobile advertising technology platform that
provides advertisers with a new channel for reaching consumers. Its
unique patent-pending technology delivers full-screen,
incentive-based ads directly to the mobile phones of opt-in
subscribers. The visually engaging ads target subscribers based on
their demographic and psychographic profiles and provide them with
rewards such as free services, special offers and discounts. As
mobile innovators, MyScreen has forged extensive advertiser and
operator relationships and functions as an industry advocate.
Through its mobile marketing consultancy, the MyScreen Agency, the
company collaborates with traditional ad agencies and brand
advertisers to optimize their mobile advertising programs. For more
information, visit www.MyScreen.com.
Contacts: MEDIA CONTACTS: Roar Media Jeannie Salameh (727)
644-5010 jeannie@roarmedia.com Roar Media Jolie Balido (305)
586-0419 jolie@roarmedia.com www.RoarMedia.com
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