Dublin, 6 August 2014: zamano plc (AIM:ZMNO, ESM:ZAZ), a leading European provider of interactive applications and services to mobile devices, today issued an Interim Management Statement in conjunction with its Annual General Meeting (“AGM”) which is taking place at 11.00am at the Conrad Hotel, Earlsfort Terrace, Dublin 2.
Business Update
At the time of its 2013 full year results announcement on 6 March 2014, zamano announced that it had performed solidly in 2013, delivering growth in EBITDA, operating, pre and post-tax profit, despite a challenging operating environment impacting on revenue. This performance was achieved through strong focus on revenue diversification, cost control and cash generation and, in the circumstances, was a significant accomplishment for the business.
zamano has maintained each of these disciplines and is pleased to announce that it recorded a material increase in revenues during the first half of 2014 compared to the second half of 2013. This is mostly as a result of increased UK sales as well as achieving sales levels in Australia significantly ahead of H2 2013 due to the successful development of a strategic campaign with new mobile advertising partners. In Ireland, Messagehero, our new messaging product targeted at the SME and Enterprise market, continues to be refined in accordance with market demands.
zamano is working closely with the UK regulator, Mobile Network Operators, Industry bodies and other Aggregators which culminated in the development and publication of the AIME (Association for Interactive Media and Entertainment) affiliate marketing Code of Practice, released 20 June 2014.
As previously announced, Ross Conlon was appointed Chief Executive Officer during January 2014 with responsibility for the continued strategic development of zamano including positioning zamano to capitalise on the buoyant overall market environment for web and mobile commerce products and services.
In this regard, the Group is now focused on identifying acquisition, investment and joint venture opportunities in the UK and Ireland in order to accelerate the development of the business. The Group has focused on opportunities in mobile media, payments, messaging and related products during the period ended 30 June 2014 and is actively pursuing a number of such opportunities, any one of which, if concluded, will diversify zamano’s product base.
Finally, as the new strategic direction and focus of the business takes shape, zamano is intending to increase its level of investor relations engagement. This process commenced with the roll-out of the Company’s new website (www.zamano.com) which provides an overview of zamano’s current capabilities.
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