SNK
04/02/2014 11:47
S/HOLDER
REL: 1147 HRS Snakk Media Limited
S/HOLDER: SNK: SNK Shareholder Update - February 2014
SNK Shareholder Update - February 2014
Dear Shareholder,
You may have seen the recent notice on NZX and media stories reporting that
former Snakk shareholder SeaDragon (NZX:SEA) has completed the selldown of
all its shares, a process which began in August last year. This was done due
to a change in their focus from being an investment company to a dietary
supplements business. As of last week another previously significant
shareholder, Snakk Trustees Limited, also reduced its holdings to zero.
When a handful of shareholders consistently sell down their stock on the open
market in a small listed company like ours, this can disproportionately
affect the share price, so myself and the Board see this milestone as a
positive outcome for the business and for the Snakk share price.
As a result we have acquired a far greater spread of new investors, with the
vast majority of our shareholders understand the long-term view of investing
in a company that is operating in a high-growth market.
The Board is also very pleased to announce that December's revenue surpassed
the one million dollar mark, a fantastic milestone to cap off last year. As
noted in January, we plan to release our unaudited revenues for our third
financial quarter in early March 2014.
In 2013 Snakk saw strong revenue growth, and we also committed considerable
resources to developing our talent, technology, operations; as well as
considering strategic investments and new markets to enter. The recent
release of Facebook's Q4 results, which saw its revenues grow 63% and mobile
advertising accounting for 53% of total revenue, is further proof of the
incredibly fast-growing market Snakk is at the forefront of.
We have an exciting year ahead of us, and the team is working incredibly hard
to make it a success. As always, we thank you for your continued support.
Thanks,
Mark
Mark Ryan
Group CEO
Snakk Media
www.snk.co.nz
twitter.com/snakkir
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/snakkir
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:00246640 For:SNK Type:S/HOLDER Time:2014-02-04 11:47:25
