CDOG Cdialogues

In the year to date, the majority of revenues continued to be generated from Zain Iraq and Zain Kuwait. However, Zain Kuwait has become a significantly larger contributor and currently accounts for around 50 per cent. of daily revenues and, in addition, a new campaign launched in May 2014 with another MNO in the Middle East is making good progress.

Looking ahead, the Group has identified a pipeline of potential new contracts, a number of which are currently undergoing preparations for launch in the coming months.

GROWTH PROSPECTS

-- CDialogues' software platform allows marketing messages to be tailored dynamically according to how subscribers respond over the course of a marketing campaign.

-- Its proprietary software platform combined with its strong relationships provides a robust commercial model which has been thoroughly proven over the last 24 months.

-- In most of the Middle East and North African economies, mobile phone usage and penetration is growing rapidly.

-- The global mobile industry continues to grow, with the number of global mobile connections forecast to grow from 6.9 billion in 2014 to 8.1 billion in 2018 and annual mobile service revenue forecast to grow from US$968 billion in 2014 to US$1.1 trillion in 2018.

-- The mobile messaging market's worth is forecast to reach US$310 billion by the end of 2016 and SMS traffic is expected to reach 8.3 trillion messages in 2015. The Board believes that the market environment, particularly in emerging markets, offers significant potential for the Group's growth prospects in the coming years.

THE BOARD

Mark Horrocks, aged 52 - Non-Executive Chairman

Mark began his career in the City in 1983 as a financial analyst at Guardian Royal Exchange Group plc and went on to manage the UK equity portfolios of the main pension and life funds, which had assets of over GBP2 billion, until leaving in 1997 to pursue his own interests in the small company marketplace. In 1999, he co-founded and launched the small company investment trust Intrinsic Value plc and is currently a partner in Intrinsic Capital LLP. He has also served on the boards of numerous quoted small companies and is currently a non-executive director of AIM-quoted Immedia Group plc, a company which provides bespoke audio digital networks and music strategies. Mark gained a Bachelor of Arts degree from Manchester Polytechnic in Business Studies.

Palaiologos (Pale) Spanos, aged 37 - Chief Executive Officer

Pale is a co-founder of CDialogues. He has extensive experience in TMT companies in the USA and Europe. He previously served as Chief Operations Officer of InternetQ (prior to its flotation on AIM), with responsibility for its international operations and mobile marketing promotions business, where he contributed substantially to its growth. He previously held several management positions with Upstream SA in Greece, DirecTV, Intel Inc. and Accenture in the USA. He has a track record working in diversified environments with intense operations, utilizing innovation to accelerate business growth. Pale holds a Bachelor degree in Electrical & Computer Engineering from the National Technical University of Athens and a M.Sc. from the University of California, Los Angeles.

Georgios (George) Karakovounis, aged 43 - Vice Chairman & Chief Financial Officer

George is a co-founder of CDialogues. He has more than 10 years of experience in the telecommunications sector holding key financial positions in various listed companies. In 2001, George joined Forthnet SA a leading telecom and satellite subscription TV operator in Greece, initially as Accounting Director and then as group CFO having a key role in the 2006 IPO on the Athens Stock Exchange, which raised EUR120 million. In 2008, George joined InternetQ assuming the position of CFO and contributed to its growth. He held this position until shortly prior to its AIM flotation in December 2010. He has a proven track record working in complex environments, developing and executing strategies that support business growth. George qualified as a certified accountant in Greece in 1995 and also holds a M.Sc. in Finance from the University of Leicester and a CSI qualification in Investment Management in the UK.

Jeffrey (Jeff) Gordon, aged 58 - Independent Non-Executive Director

Jeff Gordon has more than 36 years' experience in the IT and communications sectors and has a track record in holding executive leadership roles with large corporate entities in the telecoms sector, as well as various executive and non-executive roles with venture backed businesses. Jeff's previous experience includes heading up Motorola's EMEA infrastructure business in which he was responsible for US$1.6 billion in annual revenues and leading 1400 employees. Prior to Motorola he chaired the Unisys European Management Board. Jeff was previously chairman of Axiom Systems, a leading provider of service delivery solutions to the telecommunications industry and Celltick, a leading provider of mobile content discovery and marketing solutions. Jeff has been CEO of OpenCloud Ltd., a creator of software products for telecoms networks, since 2008 and is also non-executive Chairman of T-Tech Ltd., a UK based provider of IT outsourcing solutions to the SME market.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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