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Mobile Streams plc announced on 25 March 2025 that ChallengerX Plc and its subsidiary NYCE will commence consultancy projects. These projects involve optimising Mobile Streams' Livescores sites, advising on Mobilegaming.com growth, and Mobile Streams is also considering NYCE advising on betting conversion rates for its Estadio business. This follows Mobile Streams' 20 March 2025 agreement to acquire an additional 12.50% in Capital Media Sports, adding to its existing 10% stake, with a call option for a further 67.50% that would bring the total holding to 90% if exercised.
| Date | 25 Mar 2025 |
| Time | 13:00:00 |
| Category | Miscellaneous |
| ID | 0636C |
1.00pm 25th March 2025
Mobile Streams plc
("MOS" or "the Company")
ChallengerX to commence first projects for MOS
Mobile Streams Plc, the Company, is delighted to announce that it has identified the first projects ChallengerX Plc (CXS) (Investors - ChallengerX) and its subsidiary NYCE (www.nyceint.com) will work on under the agreement between MOS and CXS to provide consultancy services. There work will commence on our portfolio of Livescores sites and advising on optimising the growth of Mobilegaming.com initially looking at affiliation services. ChallengerX will be assessing the sites to ensure revenue is maximised.
MOS are also looking at the possibly of NYCE advising on maximising betting conversion rates in its Mexican investment sports media business Estadio ( www.estadiodeportes.mx ). Ensuring industry leading levels of conversion is a key focus of the Company as "Bet" is launching to the public imminently.
This is a major focus for MOS, considering the RNS dated 20th March 2025 that stated MOS has agreed to purchase an additional 12.50%, in additional to the 10% it already owns, with a call option to acquire a further 67.50%. If called, would bring the Company's total holding in Capital Media Sports to 90%.
Mark Epstein CEO of Mobile Streams said:
"We are very happy to have identified key projects where CXS can utilise their knowledge and understanding of the betting landscape to help MOS drive forward quickly and efficiently. MOS is growing fast going from strength to strength and we look forward to CXS helping us maximise that growth.
Farzad Peyman, CEO of ChallengerX said:
"It's great to be working with such a talented team at MOS. We cannot wait to get started and help them maximise the significant opportunities in front of them."
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
About Reach announcements
This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.
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.