Inteliqo Ltd Performance Update

 
TIDMIQO 
 
25 August 2023 
 
Inteliqo Limited 
 
("Inteliqo", the "Company") 
 
Performance Update 
 
Inteliqo (AQSE: IQO), a start-up technology company that provides sales, 
marketing and distribution services to technology product owners under long-term 
distribution agreements is pleased to provide an update on Inteliqo's recent 
operational and financial performance. 
 
On August 8th, 2023, it was announced that Inteliqo successfully acquired the 
Exclusive Sales and Marketing rights to the Langaroo App globally for the next 
20 years. This milestone includes the authority to sub-license a diverse array 
of services, encompassing promotion, marketing, offers for sale, and sales 
operations. 
 
Our revenue model centres on subscription sales and territory license 
agreements. Through these avenues, Inteliqo captures a portion of the generated 
revenue, outlined in a Revenue Share Agreement. This strategic approach to 
income generation aims to align our success with the overall growth of the 
Langaroo App. 
 
Strong Quarters and Financial Performance 
 
For the first quarter of the Company's financial year (April to June 23), 
Inteliqo generated income of over $400,000 and profit before tax of over 
$250,000 from the Langaroo App and this income and profit signifies a pivotal 
point in our journey, as we transition from vision to tangible financial 
success. 
 
The horizon appears promising as we prepare to launch the Langaroo App on the 
Google Play and Apple App Store later this month. This strategic move positions 
us for wider market exposure and user adoption, auguring well for increased 
revenues in the upcoming quarters. 
 
Information about the Langaroo App (https://langaroo.co) 
 
We are delighted to share an overview of the Langaroo App's capabilities, 
highlighting its potential value proposition. 
 
Langaroo is a gateway to effortless global communication. Through app stores, 
users worldwide gain access to a platform that enables seamless conversations 
across languages. Imagine the power of connecting with individuals from diverse 
backgrounds, regardless of the languages they speak. With over 130 languages 
supported, Langaroo empowers users to break through communication barriers, 
fostering connections and understanding on a global scale. 
 
At its core, Langaroo Chat encompasses a comprehensive suite of features that 
align with modern messaging platforms with the added benefit of built-in 
translation in over 130 languages. The features include: 
 
  · Seamless Multilingual Chats: Connect with contacts around the world in their 
preferred languages. 
  · Enhanced Group Conversations: Engage in multilingual group chats, fostering 
collaboration among diverse teams and communities. 
  · Effortless Content Sharing: Share multimedia files, locations, and documents 
effortlessly, enhancing cross-border collaboration. 
 
In addition to the core features of Langaroo Chat, Langaroo also offers: 
 
  · Real-Time Translation: Experience natural text and audio conversations that 
are instantly translated. 
  · Image Scan Translation: With Langaroo, language doesn't hinder sharing 
information. Instantly translate photos and documents, enabling swift and 
effective sharing. 
  · Multimedia Translation: Watch YouTube videos in your preferred language, 
making language barriers a thing of the past. 
 
Langaroo empowers social users to navigate foreign environments effortlessly. 
Engage in multilingual chats and form social groups. For professionals, Langaroo 
serves as a valuable tool for international business, enabling users to navigate 
the complexities of the global market landscape, connect confidently with 
partners, and seize new opportunities. 
 
This announcement may contain "forward-looking" statements and information 
relating to the Company. These statements are based on the belief of Company 
management, as well as assumptions made by and information currently available 
to Company management. The Company does not undertake to update forward-looking 
statements or forward-looking information, except as required by law. 
 
The directors of Inteliqo Limited accept responsibility for this announcement. 
 
For more information, please contact: 
 
Inteliqo Limited                          [e-mail] 
 
Joseph Hill 
First Sentinel Corporate Finance Limited  [phone] 
 
Brian Stockbridge 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

(END) Dow Jones Newswires

August 25, 2023 03:05 ET (07:05 GMT)