CDialogues PLC Statement Regarding the Greek Economy (5063R)
29 June 2015 - 8:54PM
UK Regulatory
TIDMCDOG
RNS Number : 5063R
CDialogues PLC
29 June 2015
CDialogues plc
("CDialogues", the "Company" or the "Group")
Statement Regarding the Greek Economy
CDialogues plc (AIM: CDOG), the provider of mobile marketing
solutions to Mobile Network Operators ("MNOs"), wishes to provide
an update clarifying the Group's position in respect of financial
and economic developments in Greece.
As indicated in the Company's Annual Report and Accounts for the
year ended 31 December 2014, the Board of CDialogues has opted to
maintain the vast majority of the Company's cash balances within
banks based in the United Kingdom.
CDialogues confirms that over 95% of the Company's cash balances
are currently deposited within banks in the UK, with only 1% held
in Greek banks. The Board does not expect that the most recent set
of banking restrictions imposed by the Greek government will cause
disruption to the daily operations of CDialogues SA, the Company's
wholly owned Greek subsidiary. The Group does not derive any
revenues from the Greek market.
The Board will continue to monitor the ongoing political and
economic position in Greece.
Enquiries:
CDialogues Plc Tel: +30 2106 300 930
-------------------- ----------------------------------------------
George Karakovounis
-------------------- ----------------------------------------------
Pale Spanos
-------------------- ----------------------------------------------
Allenby Capital Tel: 0203 328 5656
Limited
-------------------- ----------------------------------------------
David Hart
-------------------- ----------------------------------------------
Alex Brearley
-------------------- ----------------------------------------------
Walbrook PR Ltd Tel: 020 7933 8780/ cdialogues@walbrookpr.com
-------------------- ----------------------------------------------
Paul Cornelius Mob: 07866 384 707
-------------------- ----------------------------------------------
Nick Rome Mob: 07748 325 236
-------------------- ----------------------------------------------
About CDialogues
CDialogues provides mobile marketing solutions enabling MNOs to
retain and acquire market share, increase average revenue per user
(ARPU) and reducing subscriber churn.
The Company's products and services deliver fully managed
solutions, utilizing advanced Data analytics techniques combined
with Linguistic engineering marketing, to build awareness and
multiply sales and opt-ins of promotional offerings and other
mobile content being offered by the MNOs.
The solutions designed by the Company, are tailored and served
with the appropriate Linguistic format, to each individual mobile
network subscriber typology and geography it operates in, using its
proprietary software and scalable infrastructure.
The majority of CDialogues' revenues are derived from a
recurring subscription-based revenue model, which has been
pioneered by the Company. As a result, the Company benefits from
incremental cash flow growth from each new campaign customer and
mobile network subscriber.
The Company's near-term focus is on growing both its customer
base and expanding its geographic footprint in selected markets in
the Middle East, Africa and Southeast Asia, where mobile device
penetration and mobile network usage is growing rapidly.
CDialogues has been profitable and cash flow positive since
commercial operations began in early 2012.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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