MySQUAR Limited New Product Launch (1660K)
06 July 2017 - 4:00PM
UK Regulatory
TIDMMYSQ
RNS Number : 1660K
MySQUAR Limited
06 July 2017
6 July 2017
MySQUAR Limited ("MySQUAR" or the "Company")
New Product Launch
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 excited to announce the release of a news
aggregator called Mingalarbar Morning (www.mingalarbarmorning.com),
which is designed to be used with both desktop and mobile
devices.
MySQUAR recognised there is a lack of comprehensive local
language news sources in Myanmar and has built its own news portal
to close this gap. Mingalarbar Morning is one of the first news
aggregators in Myanmar offering more diversified and dynamic
articles through a curated selection of hard (headline news,
politics, business and international news) and soft (arts,
entertainment, lifestyle and sports) news from quality sources in
Myanmar language.
The site is a complement to existing news sites as it
diversifies the type of news that readers would receive as their
favorite news site may not cover certain topics or have less depth
and gives readers the opportunity to search and discover news. The
site is expected to be monetised through third party advertising in
due course.
Eric Schaer, CEO of MySQUAR, said: "The news sector in Myanmar
is in its infancy with high growth potential and as such we are
excited to be one of the first mobile-friendly news aggregators in
the market. The news site allows the Company to diversify and
broaden its user base, adding not only an additional sales channel
whereby the Company can cross-sell its apps and games, but also an
additional monetisation opportunity. In addition, the Company sees
further opportunities to integrate some of the existing products
with www.mingalarbarmorning.com such as including news in MyChat or
expanding Fastsell into a classifieds section of the site."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
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/Soltan
Tagiev
Beaufort Securities Limited Tel: +44 (0) 207
Broker 382 8300
Jon Belliss/Elliot Hance
Public Relations
Damien McCrystal Tel: +44 (0) 781
677 0758
damien@mccrystal.info
This information is provided by RNS
The company news service from the London Stock Exchange
END
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