Ann: GENERAL: SNK: Snakk announces record quarter

• Release Date: 25/03/13 11:01
• Summary: GENERAL: SNK: Snakk announces record quarter, Share Purchase Plan update
• Price Sensitive: No
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SNK
25/03/2013 09:01
GENERAL

REL: 0901 HRS Snakk Media Limited

GENERAL: SNK: Snakk announces record quarter, Share Purchase Plan update

SNK - Market information

25 March 2013

Snakk announces record quarter, Share Purchase Plan update
New capital-raising initiative follows a record quarter of 210% growth

AUCKLAND, New Zealand, 25 March 2013 - Snakk Media (NZAX: SNK), the new
screen company that tripled its share price on its stock exchange debut
earlier this month, is announcing record-breaking revenues for the October to
December 2012 quarter, with unaudited revenues increasing 210% year-on-year
from $NZ686,000 to $NZ1.439 million. Revenue for the entire year to March
2012 was $NZ1.99m.

"Snakk is continuing to prove itself as a future-focussed, high-growth
company; one that is that is generating tremendous revenue opportunities from
the new screens and channels that brands are using to connect with
consumers," says Chairman and co-founder Derek Handley. "In less than two
short years, Snakk has achieved significant financial growth with revenue
increasing almost 350% in our last financial year. The third quarter results
we've announced today show we are continuing our upward growth trajectory."

Snakk makes money every time an ad uses its networks to appear on a tablet or
smartphone. Revenue comes from both the advertiser paying to use the ad space
and the publishers serving the ad in this space to its audiences.
The company is also confirming it will announce the opening date, terms and
issue price of its Share Purchase Plan (SPP) in April, subject to NZX
approval. The offer will be available exclusively and for a limited time to
investors holding Snakk shares prior to the morning the offer opens.

Funds raised from the SPP will go toward expanding the company into new
regions, growing the sales team, adding new technology platforms, and
exploring strategic investment opportunities.

"The SPP is an exciting time for Snakk investors as it gives them an easy and
convenient way to buy larger chunks of a fast-growing company at an
attractive price," says Mr Handley.

In Australia, where Snakk currently operates, smartphone penetration is the
second highest in the world at 42.1%, ahead of the US at 36.6% , and mobile
advertising revenue is predicted to experience compound growth of 46%
annually, reaching $177M by 2017.
Snakk listed on the NZAX on 6 March, and was the first company to list on the
New Zealand stock exchange this year.

Visit the Snakk investor relations website at www.snk.co.nz for more
information.

ENDS

For more information, please contact:
Julie Landry, Snakk Media, 021 895 098

About Snakk Media
Snakk enables brands to reach their consumers on smartphones and tablets,
delivering engaging ads across a network of mobile websites, applications,
and games in a way that is highly targeted, measurable and scalable. The
company's expertise and portfolio of technology aggregates a publisher's
supply of ad space and matches it with an advertiser's demand. Snakk is
deeply committed to building a purpose-driven business that balances
commercial outcomes with a higher social purpose. Investor website:
www.snk.co.nz
End CA:00234490 For:SNK    Type:GENERAL    Time:2013-03-25 09:01:27