Press Releases
AGM STATEMENT
September 07, 2006. Adamind Ltd, a leading global supplier
of media handling software in the mobile messaging, content and convergence
services markets, announces that at today’s annual general meeting,
Shailendra Jain, chief executive, will make the following statement:
“As announced in our trading updates in June and August, the current
year has been very challenging. Despite Adamind’s leading edge solutions
and large customer base, revenue growth has stalled in the short term
due to a market slowdown. Consequently, 2006 full year revenues will be
at a similar level or slightly above last year’s result.
Nevertheless, we believe that demand for MMS and mobile content consumption
will continue to expand over the long term and the market opportunity
facing Adamind remains large. Media adaptation plays, and will continue
to play, a critical role in enabling MMS and other content services to
be experienced by end-users across any network, device or delivery platform
- be it MMS, email, mobile television or content streaming.
Given Adamind’s long term growth prospects, balance sheet and quality multimedia
technology products and solutions,
the Board continues to look to the future with optimism. Our pipeline
of deals remains encouraging, which gives us confidence that Adamind
will return to revenue growth from next year.”
Enquiries:
| Adamind |
|
| Shailendra Jain, CEO |
+44 20 7929 8989 on the day and thereafter |
|
+1 650 353 3032 |
| Corfin Communications |
|
| Harry Chathli, Neil Thapar |
+44 20 7929 8989 |
About Adamind
Adamind (LSE: ADA) is a provider of software that enables
mobile multimedia content and converged communications services.
The company addresses the interoperability challenge that exists
between different mobile devices to receive and process media rich
content. The Adamind Spire™ platform
provides media adaptation and enhancement software enabling service
operators to successfully deploy messaging, content and next
generation convergence services; generate new revenue streams; and
drive key new value-added-services (VAS) enablers such as advertising,
branding, DRM and anti-abuse support. With over 100 deployments
in some of the world's major mobile operator networks and content
providers such as Universal Mobile Music, Adamind is strategically
poised to enable the promise of the Mobile Lifestyle revolution.
Adamind has strategic relationships with major infrastructure vendors
and system integrators including Ericsson, HP, IBM, Accenture, LogicaCMG,
Motorola, Openwave, Critical Path and CBOSS. www.adamind.com
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