SEATTLE, Dec. 6, 2004 (PRIMEZONE) -- Qpass(r), the proven and preferred provider of mobile commerce software, announced today that Qpass customers collectively achieved more than $1 million of premium services revenue through Qpass' Prosperity Series(tm) software in a single day during Thanksgiving weekend.
"The 'million-dollar day' is another phenomenal milestone for our customers. We expect to see historic growth levels continue to accelerate in the coming months. In fact, we anticipate approaching the $1.5 million a day level before the end of this year thanks in part to expectations for strong sales of multimedia phones this holiday season," said Chase Franklin, Qpass CEO.
The average value of each transaction using Qpass software was $2.21, an increase of 13% in the past year. On a percentage basis, mobile gaming continues to show the strongest growth, increasing more than 690% in 2004, and constituting 21.8% of premium services revenue in the last 30 days. Ringtones continue to make the largest contribution to total revenues from downloadables, with dollar volumes increasing 260% so far this year, and constituting 58.83% of premium services revenue in the last 30 days. Premium messaging, icons, enterprise applications, and wallpapers are the other significant contributors to premium services revenue growth.
Qpass gives operators control over their mobile commerce business and enables them to offer any type of premium service across any type or generation of network using multiple payment methods. Mobile operators using Qpass' software are on track to exceed $200 million in aggregate revenue in 2004, with an average growth rate of more than 70% per quarter over the past year.
About Qpass
Qpass, headquartered in the U.S. and with offices in Europe, is the proven and preferred provider of mobile commerce software for leading mobile operators. Qpass customers collectively reach more than 70 million subscribers today. These operators, including Cingular Wireless, AT&T Wireless, Nextel, Alltel and Dobson, use Qpass' Prosperity Series(tm) software as an overlay to existing business systems. The software efficiently manages mobile commerce payment and settlement, content partner relationships, service bundle creation and customer care in mobile or Wi-Fi networks. Over the past 18 months alone, operators have achieved sales increases of more than 3,500% with Qpass software, driving premium data services business worth hundreds of millions of dollars per year. Today more than 175 content partners and aggregators are integrated with Qpass software, delivering over 10,000 applications to mobile users. For more information, visit www.qpass.com.