Backdoor Listing

ASX listing

• Backdoor listing through Q Limited to complete later this year

Opportunity to gain exposure to a company at the forefront of the dynamic smartphone sector

• A global multi-platform SMS, mobile app and cloud-based micro job Company
• Over 3.4 million Any Question Answered (AQA) messages in FY14
• Strong IP – Current products and brands include Bongo Thinks, Passion for Fashion, What would Jesus Do
• Global footprint with growth opportunities into new markets

Profitable financials with solid margins

• Proven profitable business model with solid margins
• Crowd Mobile Financials in FY14 were $9.7m revenue and $2.2m EBITDA (unaudited management accounts)

Experienced management team

• Business led by leading internet entrepreneur Domenic Carosa
• Globally experienced team driving growth

Rapidly growing market

• Targeting the growing app info and entertainment usage markets globally
• Huge growth forecast in smartphone usage – spend through smartphones expected to increase to $60bn ($26bn in 2012)

Q Limited (ASX: QXQ) has entered into a binding term sheet to acquire 100% of the shares in a number of companies making up the Crowd Mobile group valuing the microcap at approximately $12 million or $5.6x FY14 EBITDA. The Group is expected to re-list with an EV of circa $14.5 million (excluding cash) based on approximately 6.8x FY14 EBITDA multiple.

Crowd Mobile operates in the growing “SMS & App” market, providing services to users through their mobile phone and tablet devices. This is done through the use of a number of Crowd Mobiles’ cool products and brands such as Bongo Thinks, Passion for Fashion and What Would Jesus Do. In financial year 2014 Crowd Mobile had over 3.4 million questions answered.

The company’s vision is to become a global, mobile focused micro job platform (jobs that take less than 5 minutes), building a global cloud based micro job workforce. We are targeting the growing app info and entertainment usage markets globally.

Crowd Mobile has generated strong financials to date, the company is profitable and has demonstrated solid margins. In financial year 2014 Crowd Mobile generated $9.7 million in sales and $2.2 million in EBITDA (these numbers are unaudited management numbers).

There is significant market growth potential as smartphone spend is set to increase to $60 billion in 2017. Currently Crowd Mobile’s footprint is global with presence in Australia, New Zealand, United Kingdom, Ireland, Germany, Switzerland, Netherlands, Belgium, Austria, Italy and France. The company sees further growth opportunities to increase its footprint into North America, South America, Asia and Grater Europe.

0.013 of cent, plenty of blue sky's ahead for this one, likely 5 cents by Christmas, IMAO