MySQUAR Limited Product Launch (8954S)

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RNS Number : 8954S

MySQUAR Limited

29 December 2016

MySQUAR Limited ("MySQUAR" or the "Company")

MySQUAR's update regarding releases of new game and VoIP application

MySQUAR, the Myanmar-language social media, entertainment and payments platform whose principal activity is to design, develop and commercialise Myanmar-focused internet-based mobile applications, is delighted to announce that the new game ChakraNinja has been fully launched and the VoIP application CallHome has been soft-launched in the last week of December 2016.

Gaming Business

ChakraNinja is based on Naruto, one of the most successful Japanese manga comic characters of all time. Naruto, an adolescent ninja, is already a highly popular character in Myanmar via TV, films and books. ChakraNinja will benefit from the existing user base of other games and of MyChat, the chat and social networking application of MySQUAR.

Forthcoming releases during Q1-2017 will include further new hardcore games now planned for release in February and March and a platform of multiple casual games targeted for release in mid January.

VoIP Service

The Company's VoIP application, which is branded as CallHome, offers both on-net calls (app to app) and off-net calls (app to mobile phones and landlines). The services will target the Myanmar market and also South East Asia countries, such as Thailand, Singapore, and Malaysia, where many Myanmar people live.

Eric Schaer, CEO of MySQUAR, said: "It will be exciting to watch as ChakraNinja leverages both the celebrity of the Naruto character and MySQUAR's existing user base. Its anticipated popularity will in turn increase the prospects for the new game launches in early 2017 and beyond. Our new CallHome VoIP app has the potential to become a major revenue earner. The service can dramatically reduce the cost of calls compared with traditional call methods, particularly for the millions of Myanmar people calling home from overseas. These new product launches are an excellent way to end this year and enter 2017 and underline our commitment to keep pushing towards rapid monetisation."

For further information:

 
MySQUAR Limited 
Eric Schaer (Chief Executive)  Tel: +65 6818 
                                6089 
Pham Dang Hung (CFO) 
 
SP Angel Corporate Finance 
 LLP 
Nominated Adviser              Tel: +44 (0) 203 
                                470 0470 
Stuart Gledhill/Laura 
 Harrison 
 
 Beaufort Securities Limited 
 Joint Broker                    Tel: +44 (0) 207 
 Jon Belliss/Elliot Hance        382 8300 
 
 Mirabaud Securities LLP 
 Joint Broker 
 Edward Haig-Thomas/Peter        Tel: +44 (0)20 
 Krens                           7878 3447 
 
  Public Relations               Tel: [phone] 
  Damien McCrystal               770 758 
                                 [e-mail] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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December 29, 2016 02:00 ET (07:00 GMT)