Mobile Streams (MOS ) has announced the launch of its next generation Streams content platform which will feature significant product upgrades as well as an additional price point.
The mobile content and data intelligence firm described the launch as ‘a significant update’ to the Streams product portfolio which it said is representative of ‘a major milestone’ for the business with its creation having been informed by user and customer feedback.
The company said this latest platform delivers a transformed user interface, increased functionality and a higher price point of £150 per month for additional functionality.
With this recent launch MOS said it is delivering on its ‘aggressive development roadmap’ which proposed introducing additional functionally and price points throughout the year.
It explained to investors that this will provide it with ‘an enhanced ability’ to offer customer upgrades and deliver additional revenue generating opportunities for the business.
Commenting on this latest launch, Nigel Burton, Non-Executive Director of Mobiles Streams, said: “These significant product upgrades and additional price point gives us a great platform from which to continue to expand and grow the Streams business. Continued upgrades are expected to support further growth in customer numbers and revenues."
View from Vox
In particular, the company anticipates launching the Streams Data service in other key global markets during the year after recently launching the platform into the Chinese market, one of the largest e-commerce markets in the world, worth an estimated 1.5trn dollars annually.
Meanwhile, the company recently informed investors earlier this year that it has sufficient funds to cover the Company's working capital requirements for the foreseeable future.
Shares in Mobile Streams have increased by nearly 4% in value over the past two weeks. The stock was trading 7.14% lower this morning at 0.26p following the announcement.
Reasons to MOS
Mobile Streams is a mobile content and data intelligence company which operates globally through its subsidiaries in North America, Latin America, Europe and Asia Pacific.
The Board believes that the Streams data offering is the largest opportunity for the group to deliver growth in shareholder value via newly developed products and services. The main focus for the current year will be growing and developing the product and sales pipeline.
“The traditional content delivery side of the business still brings in ongoing revenue and therefore will be continued, however the majority of investment going forwards will be in growing the new data insight and intelligence business,” explained Chairman, Burton.
In March 2021, the company officially moved into the Chinese market with the launch of the Chinese language version of Streams, the first international language version of the service.
At the time, this move marked the first time MOS had launched an additional language version of the Streams platform. As outlined back in January this year, the Group said it anticipates launching the Streams Data service in other key global markets during the year.
Last month, MOS announced its entry into the Dutch market under a new partnership with Quanta Media Group which will see both parties utilise the Streams content platform to launch Quanta’s first three, direct to consumer, mobile content sites in The Netherlands.
Specifically, these sites will be 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. According to Quanta, starting October 2021, the Dutch i-Gaming lead generation market is estimated to be worth in excess of €200m per annum.
In particular, MOS outlined the Netherlands launch represents “a major milestone” in the MOS/QMG partnership and opens up opportunities for additional revenue for the group.
In addition, MOS highlighted to investors back in April 2021 that it continues to work with Quanta Media Group to identify opportunities to deliver new revenue sources for the Mobile Streams legacy business as well as assessing other opportunities for collaboration.
Follow News & Updates from Mobile Streams here: