Ann: QUARTER: SNK: Snakk's 2014 Q1 revenues grow 67% YOY

• Release Date: 27/08/14 08:30
• Summary: QUARTER: SNK: Snakk's 2014 Q1 revenues grow 67% YOY
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					SNK
27/08/2014 08:30
QUARTER

REL: 0830 HRS Snakk Media Limited

QUARTER: SNK: Snakk's 2014 Q1 revenues grow 67% YOY

SNK - UPDATE

27 August 2014

Snakk's 2014 Q1 revenues grow 67% YOY

AUCKLAND, New Zealand, 25 August 2014 - Snakk Media Limited (NZAX: SNK) is
today announcing first quarter unaudited revenues of $2,007,052 from April to
June 2014, representing a 67% increase from the previous year's corresponding
quarter. The year-on-year increase for the first quarter is 95% when the
impact of exchange rate fluctuation is taken into account.

Snakk Group CEO Mark Ryan says trading continues to be strong in the New
Zealand and Australian markets: "Our Q1 revenue growth has stayed on par with
our recent annual results. We exceeded our internal targets and have expanded
the sales team across four of our offices to cope with strong market demand.

"We also established a fantastic group executive team who are making a
positive difference in all areas of the business. The company is maturing
fast and we're winning market share - it's very exciting."

Highlights from the first quarter include:

o Establishing a presence in Asia, with the opening of a   Singapore office
and the appointment of Michael Gooch to lead Snakk's Southeast Asian
operations;
o Adding new sales talent to the New Zealand, Sydney, Melbourne and Brisbane
offices;
o Expanding the Group Executive leadership team to include two new roles: an
Ad Operations Technology Manager and a Group Technology Manager;
o Making two strategic investments in smart screen technology companies that
Snakk will launch in local and Asian markets later this year. The investments
in Moasis Global and Plyfe includes the exclusive rights to offer these
technologies in selected APAC regions.

Snakk engages Hall Capital for ASX guidance

To accelerate the company's growth and potential ASX listing plans, Snakk has
engaged Hall Capital, a well-known Australian firm offering business strategy
and corporate advisory, including capital raising, merger and acquisition,
and IPO services. Hall Capital specialise in the media and technology sectors
and will develop the requisite capital strategy to ensure success if an
eventual ASX listing is to occur.

Hall will also work with Snakk to assess future strategic investments which
may include potential mergers or acquisitions in Australia and Asia. Recent
Hall clients have included media company Thomson Reuters and Vocus
Communications, a telecommunications company it helped list on the ASX, which
has since gone on to acquire several businesses in Australia and New Zealand.

"Snakk is now in a position to closely consider the next steps we must take
to expand successfully into Asia," says Mr Ryan. "That could involve listing
on the ASX, raising more capital, acquiring companies or continuing to grow
fast organically. The appointment of Hall is represents the beginning of our
next phase of significant growth."

Snakk will provide an update on the company's capital strategy and ASX
listing plans at its Annual General Meeting for shareholders next month (16
September). The board and management team will also take the opportunity to
outline's Snakk's strategic growth agenda as well as showcase some of its
recent award-winning work.

ENDS

Media:
Julie Landry, 021 895 098, [email protected]

Investors:
Malcolm Lindeque, Company Secretary, 021 464 392, [email protected],
www.snk.co.nz, www.twitter.com/snakkmedia

About Snakk Media Limited:
NZAX-listed Snakk Media helps brands find and reach consumers using apps,
games and social media on their smartphones, tablets and other smart screens.
The company generates revenue every time it successfully targets and delivers
an ad across its networks of mobile websites, apps and games. The ads are
targeted to ensure the right audiences see them at the right time and place.

Snakk is one of the first publicly listed companies in the world that has met
the rigorous social and environmental performance standards required to
become a certified B Corporation.
End CA:00254438 For:SNK    Type:QUARTER    Time:2014-08-27 08:30:17