FLEXIROAM is set to end international roaming bill shock for travellers in Asia
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Flexiroam Limited is the fastest growing roaming service provider in Asia offering a full suite of roaming solutions to all segments of travelers. Flexiroam has helped over 300,000 travelers from Australia, Malaysia, Singapore, Indonesia, United Kingdom, United States & Canada to save more than A$23.3 million in roaming charges.
Flexiroam has service presence in 8 countries, retail outlets in 4 International Airports, and over 100 partnerships with key industry players such as Airlines, Travel Agencies, Travel Insurance providers to bring our services directly to the travelers.
In the next 2 years, with fresh funds in hand, Flexiroam is targeting to expand its business in Malaysia & Singapore, as well as open up new operations in Australia, China, Indonesia, India, Hong Kong and Thailand with a combined total of more than 187.1 million outbound travelers.
Having closed its prospectus and raised approximately A$9.5 million, the company is scheduled to debut on ASX under the stock code ASX:FRX on 16th June 2015.
INVESTMENT HIGHLIGHT
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✔4 years of track record - Operating in high growth market in Malaysia. Secured key partnerships to expand in the Asia region with major airlines and more than 100 travel agencies in the region.
✔Revenue Growth with Profitability - The company's revenue grew 50 times from A$65,000 to A$3.2 mil in the past 1000 days. Flexiroam recorded a profit of A$287,169 (9 months audited account – 1 Apr - 31 Dec 2014)
✔Emerging Market - Flexiroam targets high growth markets in Asia Pacific where outbound traveler growth rate is expanding (there was a total of approximately 99 million international outbound travelers from Malaysia, Singapore and Indonesia in 2013).
✔Seasoned Management Team - Jef Ong, the CEO has 15 years of experience in the telecommunications industry, the team previously developed telecommunications solutions for Telekom Malaysia, TimeDotCom and PacketOne.
✔Development Advantage - Flexiroam's in-house Research & Development team have developed end-to-end technologies which enable the company to compete with other players in the market. Flexiroam have also filed patents for the intellectual properties developed. FLEXIROAM have received grants and the MSC status from the Malaysian government to benefit up to 10 years of tax exemptions.
MARKET OPPORTUNITIES
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✔The telecommunications business is a multi-billion dollar industry.
✔Flexiroam service has an extensive coverage as they had secured wholesale partnerships to gain access to more than 580 mobile operators worldwide to distribute their unused capacity to retail travelers.
CORE PRODUCTS
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The company's core products include the Flexiroam Roaming Pass and the Flexiroam SIM cards, which allow travelers to use their local numbers with unrestricted voice & data access at their destination of choice.
- Roaming Pass – Digital roaming pass for travelers to make & receive unlimited calls for as low as A$3/day.
- SIM Cards – FLEXIROAM SIM is reusable in more than 100 over countries that offers travelers unlimited calls & data when they travel.
PRODUCT INNOVATIONS
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- Mobile App (beta launching 23 June 2015) - A mobile app that enables users to carry multiple international numbers from over 50 countries in one phone. Travelers can make and receive calls with their home number anywhere around the world whilst saving on roaming charges. The app works with all data networks (2G/3G/4G/WiFi)
- Roaming Device - A pocket-sized MiFi device in-built with 5000mAh powerbank. Travelers can subscribe to a roaming plan and pair multiple devices for data access.
- SIM Paste - An innovative sim sticker which overlays the traveler's existing SIM. This one time application automatically switches the traveler's phone to roam with FLEXIROAM network when they travel overseas.
(20min delay)