Seamless Distribution AB is today traded on Nasdaq OMX First North. The Board
of Directors has decided that Seamless shall apply for listing on the larger
and more international Nasdaq OMX Stockholm. The objective is that the
transition to the new stock exchange shall be executed by mid 2011.
Seamless has been demonstrating strong growth for years, on an average the
turnover has grown 40 percent during the last three years. In the January to
September 2010 period again a growth of over 40 percent was reported.
”This list transfer implies a number of advantages for us, foremost the mark of
credibility which enables more institutions to invest in our company. It also
makes it easier for us to do interesting acquisitions with our share as
currency” says Rohit Bhatia, CEO of Seamless. “Our experience of five years on
First North marketplace makes us confident in our work to comply with the
stricter listing demands of Nasdaq OMX Stockholm. Our target is to have our
share available for trade on the new stock exchange around mid 2011.”
Seamless provides solutions for Mobile Monetary transactions with services
extending from Financial Transactions (Mobile Money) to prepaid e-Top Up and
has deployed solutions used by more than 40 mobile operators in 22 countries,
across three continents. The industry recognized platform ERS 360˚ that hosts
the solution Mollet™ for Mobile Money, is extending its footprint to more and
more countries. Seamless is active in the markets in Africa and Asia where
mobile penetration is in its fastest growth. The Seamless ERS 360˚ is part of
an infrastructure that enables ever more people to have a mobile phone,
efficient prepaid e-Top Up. With Mollet™ these operators have the possibility
to also offer all these subscribers the ability to use their mobile for
payments, either as a wallet in the mobile or as a direct access to a bank
account.
For more information, please contact:
Rohit Bhatia, CEO: mobile +4670 622 9201
Daniel Nyholm, CFO: mobile +4670 996 8333
Joakim Nordblom, Communications Manager: mobile +4670 541 3000,
joakim.nordblom@seamless.se
Certified Advisor: Evli Bank Plc Stockholm, +468 407 8000
www.seamless.se
