Mobile Streams plc Update on partnership with, and funding to, Quanta (7519L)
15 September 2021 - 3:59PM
UK Regulatory
TIDMMOS
RNS Number : 7519L
Mobile Streams plc
15 September 2021
15 September 2021
Mobile Streams plc
("MOS" or "the Company")
Update on partnership with, and funding to, Quanta Media Group
Holdings
Mobile Streams plc, the AIM quoted mobile content and data
intelligence company, is extremely pleased to announce an update on
progress made by Quanta Media Group Holdings ("QMGH" or "Quanta")
and provision of further funding by MOS to Quanta.
On 31 March the Company announced that it was providing QMGH a
Convertible Loan Note of GBP250,0000 (the "Loan"), with a further
GBP250,000 to be made available subject to achieving various agreed
milestones, centred around its entrance to key markets.
These milestones included the launch of Quanta's first three
direct to consumer, mobile content sites targeted at customers
wishing to place sports bets and play online casino games in the
Dutch language in The Netherlands once the regulated Dutch i-Gaming
market opens on 1 October. As announced on 29 April, Quanta has
used both the Streams content platform and the previously announced
investment by MOS to launch these sites.
Six sites are now live, including https://CasinoMeesters.nl and
https://WedMeesters.nl although the content on these sites is
currently limited until it becomes legal to include specific
i-Gaming content, affiliate links and calls-to action on 1 October.
Quanta has also integrated its proprietary marketing technology
platform with these sites in preparation for the full launch and is
working with selected commercial iGaming partners in preparation
for the market opening.
The purpose of each of Quanta's Dutch language sites is to help
Dutch consumers make informed decisions about where and how to play
online casino games, find free bet offers from Dutch sportsbook
operators, and help potential sports bettors/punters make informed
choices about which legal and regulated companies they can safely
and reliably place their wagers with.
As a result of the excellent progress made by Quanta, the
Company has agreed to make the second GBP250,000 available to
Quanta, on the same terms as announced in March, in four tranches
from now until December, subject to achieving various agreed
milestones centred around technical and commercial progress in the
Dutch market. Quanta is an early stage business which for the
period 1 October 2020 to 31 August 2021 achieved a turnover of
GBP50,000 and a loss of GBP257,000. Net assets, including those of
two businesses acquired during the period, were GBP1.9m as at 31
August.
Ed Simons - Non-Executive Chairman QMGH, said:
"We are delighted with the progress made over the past five
months in launching the Quanta i-Gaming lead generation business
powered by the Streams platform in the Dutch market. We have a
substantial amount of content and key commercial iGaming partners
ready for the market opening on 1 October."
Nigel Burton, Non-Executive Director, said:
"We are very pleased with the progress made by Quanta in
preparation for their full entry into the Dutch market utilising
both the Streams content platform and the previously announced
investment by the Company. The additional convertible loan will
enable Quanta to develop its full service over the next three
few.
In addition, following the successful launch of our LiveScores
service in Mexico utilising the Quanta content and the Company's
delivery platform, and the launch in Argentina announced on 13
September, the Company is in advanced discussions about launching a
similar service in additional markets over the coming months.
Further announcements will be made as soon as appropriate."
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as
it forms part of UK Domestic Law by virtue of the European Union
(Withdrawal) Act 2018. Upon the publication of this announcement,
this inside information is now considered to be in the public
domain.
For further information, please contact:
Mobile Streams plc
Nigel Burton, Non-Executive Director
+44 77 8523 4447
www.mobilestreams.com
Beaumont Cornish (Nominated Adviser)
James Biddle and Roland Cornish
+44 (0) 20 7628 3396
Peterhouse Capital Limited (Broker)
Lucy Williams and Duncan Vasey
+ 44 (0) 20 7469 0930
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END
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