24 Mobile Advertising Solutions - now a step closer to an IPO
21May2010
After a long period of successful business - with increased revenue and good profit margins - the company plans to commercialize to the new level.
21 May 2010 - The Group's offer to broaden the stock ownership has generated strong interest among Swedish and international investors despite the recent turmoil in the stock markets. The approved prospect containing all details about the offer can be found at www.emissionsportalen.se and www.aktieinvest.se.
In the past ten years, 24MAS gradually expanded its services from offering traditional data storage and IT solutions to the development of technical media platforms that allows for just about any distributed content to be wrapped with ads.
24MAS offers mobile advertising business solutions to mobile operators worldwide. The service offerings include everything from packages for mobile advertising to data storage and management. The company also works with traditional media companies by offering a mobile distribution channel for advertising messages via advertising-funded applications and content services. The strength of this system is in the flexibility. Whether the content be games, digital comics, interactive information, applications, animations, video or etc, the system will wrap ads around any of that content.
In the business area of Solutions the group offers professional services for customer specific needs and challenges. Tailored solutions are created, based on specific requirements such as accessibility, safety and cost. The company has broad expertise and market insight required to create application portals, to achieve optimum data protection and ensure interaction between various storage functions. A telling example is having been a nominated by Sweden's leading business magazine as one of the fastest growing companies.
Within the area of Hosting the business model and focus is to provide service management and system monitoring services. That porfolio of solutions covers everything from data storage and protection to management of customer information with large amounts of data and applications. Mission critical systems are made easily accessible to users while they are stored and distributed under strict safety standards - all as clients' specifications and needs.
Tero Turunen, CEO of 24MAS, said: "We are very proud of the development of 24MAS in recent years. Today we exhibiting strong growth, and are amongst the most profitable and fastest growing players in our business - Mobile Advertising, IT solutions and Hosting. We are pleased that the company now is one step closer to an IPO."
Deep industry knowledge has helped us develop competitive advertising solutions, and contributed to building up a positive business result since its startup. Continuous growth and a good profit margin means there is no need for borrowed funds to expand into new markets. With an experienced management team, well-accepted products in mobile advertising and applications, and advanced technology, 24MAS is fully ready to expand in South East Asia and Latin America - regions where the company’s products match to market needs.
For more information about the company, please contact:
Tero Turunen
CEO 24 Mobile Advertising Solutions
or
Leif Fågelstedt
Member of the Board 24 Mobile Advertising
Both can be reached by mail at first name.last name @ 24mas.com
24MAS Group is headquartered in Stockholm, Sweden, and are also represented by development and / or sales offices in Singapore, Kuala Lumpur, London and Helsinki.
About 24 Mobile Advertising Solutions AB
24MAS offers mobile operators and providers of mobile services and applications a distribution channel in primarily Europe and Southeast Asia. By offering a number of solutions in the key areas of music, sports and games, volumes are created for both media revenues and direct revenues for mobile operators. The consumer gets a better access to services and applications without having to rely on the latest mobile phone models.
