revenue of $6.2million up 62%

26th November 2013
ASX RELEASE
Mobile Embrace July to October FY2014 Trading Update
Highlights (Unaudited)
? July to October FY2014 revenue of $6.2million up 62% from $3.9million in the previous corresponding 4 months of FY2013
? m-Payments business unit up 82% from previous corresponding 4 months of FY2013
? m-Marketing /m-Advertising business unit up 39% from previous corresponding 4 months FY2014
Mobile Embrace Limited today announced July to October FY2014 unaudited revenue of $6.2million representing a year on year increase of 62% over the previous corresponding four months of FY2013.
The Company’s unaudited July to October FY2014 revenue shows the m-payments business revenues are up 82% on the previous corresponding four months of FY2013 and its m-marketing /m-advertising business unit is 39% up on the previous corresponding four months of FY2013.
Cash at bank as at Oct 30 2013 is $1.1 million with receivables of $3 million and creditors of $0.73 million.