Messaging International Plc Trading Update (4238R)
March 08 2016 - 8:43AM
UK Regulatory
TIDMMES
RNS Number : 4238R
Messaging International Plc
08 March 2016
Messaging International Plc / Market: AIM / Epic: MES / Sector:
Technology
Messaging International Plc (the 'Company')
Trading update
Messaging International Plc (AIM:MES), a provider of converged
messaging products and services announces that one of its large
mobile customers has informed the Company that it will terminate
the Text to Landline Service provided by TeleMessage, the wholly
owned subsidiary of the Company, effective 22 March 2016. The
foregone revenues from this customer represent approximately
GBP230,000 in the Company's 2016 financial year, but due to direct
and other envisaged cost savings, will have a more moderate impact
on the bottom line.
Approved R&D project from the Office of the Chief
Scientist
TeleMessage is pleased to announce that the Office of the Chief
Scientist of Israel's Ministry of Economy has approved a
conditional grant for up to US$300,000 in respect of a year long
R&D project in which some innovative features will be added to
its secure mobile messaging applications.
General Trading
Whilst the Company has seen revenues and profitability of its
traditional messaging solutions decline, it is pleased with growth
in the number of customers of these traditional services (delivery
of SMS, MMS, Voice, Fax and Email solutions).
In addition, the Company has recently secured a number of
customers for its new Secure Mobile Messaging Solutions while also
answering a number of Request for Proposals. The Board continues to
believe that "Secure Mobile Messaging for Enterprises" is a very
large market and the business is positioned to benefit from
this.
* * ENDS * *
For further information visit www.telemessage.com or
contact:
Guy Levit Messaging International Plc Tel: + 972 3 9225252
David Foreman Cantor Fitzgerald Europe Tel: +44 (0) 20 7894
7000
Catherine Leftley Cantor Fitzgerald Europe Tel: +44 (0) 20 7894
7000
This information is provided by RNS
The company news service from the London Stock Exchange
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