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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mobestar | LSE:MOBS | London | Ordinary Share | GB00B12B4Q16 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.375 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Mobestar Mobestar Holdings Plc ("Mobestar" or the "Company") Trading Statement Mobestar, the AIM listed specialist provider of mobile community applications (MOBS.LN) issues the following trading update. As detailed in the statement released by the Company on 10 July 2008 the Company has experienced a period of growth. The Company has continued to accelerate its contract rollout with new customers throughout 2008, however the installation and subsequent uptake of services (and therefore revenues associated with these contracts) has been slower that expected which has resulted in the Company experiencing working capital constraints. As a result, in the short term, the Company is seeking to raise further funds by the issue of new ordinary shares in the Company.. The Company is in discussions with a number of parties and will make a further announcement in due course. Update The Company has passed a major milestone with the release of "mSpace", an upgrade to its flagship product "mDate", which has been extensively modified to ensure that its usage can scale to multiples of millions of users worldwide without any degradation in performance. The rollout of the "mSpace" in the US, Europe and Asia Pacific continues with new installations and upgrades to existing sites. Contact For further information please contact: Mobestar Holdings plc Peter Richards, Chief Executive Officer Tel: 08454 900 565 Nominated Adviser Dowgate Capital Advisers Limited Liam Murray Tel: 020 7492 4777
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