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On March 10, 2025, Mobile Streams plc announced it has agreed to form a strategic partnership with ChallengerX Plc. Mobile Streams plc also made an investment of £25,000 into ChallengerX Plc, thereby acquiring a 0.86% interest in the company.
| Date | 10 Mar 2025 |
| Time | 11:00:00 |
| Category | Miscellaneous |
| ID | 0187A |
10th March 2025
Mobile Streams plc
("MOS" or "the Company")
ChallengerX Investment and Partnership
Mobile Streams Plc, the Company, is delighted to announce that it has agreed to form a strategic partnership with ChallengerX Plc ("CXS"), an AQSE traded company focused on B2B products and services within the betting and gaming industries where MOS will look to work closely with CXS on a number of key areas within the betting and gaming industry. The Company has also made a small investment of £25,000 into CXS through a subscription in its recent fundraising thereby acquiring an 0.86% interest in the company.
CXS (Investors - ChallengerX) is an executive sales advisory and technology firm that specialises in accelerating growth for products and services and will be assisting MOS on its projects such as its investment in 'Bet' in Mexico and mobilegaming.com. They have a particular focus on emerging markets and have an operationally experienced management team that covers game studios and content, sports data as well as key areas of risk management, affiliates, licensing, KYC, payments and security and compliance software. We see these as key areas for MOS as our platforms and associate companies grow quickly and seamlessly this year and beyond. They are especially relevant for the upcoming launch of 'Bet' to the retail audience.
Mark Epstein CEO of Mobile Streams said:
"We are delighted to partner with CXS as we move forward in launching 'Bet' imminently in the Mexican market and significantly expand mobilegaing.com and grow the business further in the LATAM region."
Farzad Peyman, CEO of ChallengerX said:
"We are delighted to have agreed to form a strategic partnership with Mobile Streams Plc to help with their growth strategy. They are one of the fastest growing companies in the sector and have an enormously exciting future ahead of them. It's great to be working with them and we look forward to a very successful future together."
For further information, please contact:
Mobile Streams plc
John Barker, Chairman
+44 7711 920 865
www.mobilestreams.com
Beaumont Cornish (Nominated Adviser)
James Biddle and Roland Cornish
+44 (0) 20 7628 3396
Peterhouse Capital Limited (Broker)
Lucy Williams, Duncan Vasey and Eran Zucker
+44 (0) 20 7469 0930
Beaumont Cornish Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in relation to the matters referred herein. Beaumont Cornish Limited is acting exclusively for the Company and for no one else in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of this announcement or any matter referred to in it.