27 May 2015
BANGO PLC
("Bango")
AGM Trading Update & Momentum in Latin America
Bango (AIM: BGO), the mobile payment company, issues the following trading statement which is being released to coincide with its Annual General Meeting which will be held today at 14.00 BST at 5 Westbrook Centre, Cambridge, CB4 1YG.
In March 2015, Bango forecast that end-user spend transacted through its platform would grow by at least 100% to over £65m ($101m) annualized run rate by December 2015. Bango is pleased to report that end user spend is growing in line with this expectation, at an accelerating rate of growth.
In addition, Bango also disclosed a healthy pipeline of 30 activations which were already scheduled for launch in 2015 and which were expected to contribute further to end user spend growth. Bango is pleased to report that 15 of these activations are now live, and expects further activations to convert in the first half of 2015.
Among those activations now live, Bango has launched four new carrier billing markets in Latin America during the month of May 2015. These, together with other new activations this year, demonstrate a positive trajectory for growth in end user spend transacted through the Bango platform in 2015 and beyond.
For further information please contact:
Bango PLC |
FTI Consulting |
Cenkos Securities PLC |
Tel. +44 1223 472 777 |
Tel. +44 203 727 1000 |
Tel. +44 131 220 6939 |
Ray Anderson, CEO |
Matt Dixon |
Nick Tulloch |
Gerry Tucker, CFO |
Chris Lane |
Neil McDonald |
Richard Leyland, VP Marketing |
Rob Mindell |
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About Bango
The Bango mobile payment platform is vital to the global growth in digital content sales. The giants of mobile choose the Bango Payment Platform to provide a delightful and immediate payment experience that maximizes sales of digital content.
With over 140 markets activated by Bango partners, the Bango Payment Platform is established as the global standard for app stores to offer carrier billing. As the next billion consumers pick up their first smartphone, Bango technology will be there to unlock the universe of apps, video, games and other content that bring those smartphones to life. Global leaders plugging into Bango include Amazon (NASDAQ: AMZN), BlackBerry (NASDAQ: BBRY), Facebook (NASDAQ: FB), Google (NASDAQ: GOOG), Samsung (005930: Korea SE), Microsoft (NASDAQ: MSFT) and Mozilla. Visit: bango.com
