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(MES.L) Messaging International PLC Buy/Sell

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Date/Time	Headline	Source
1
02-11-09	Messaging Intl Plc - TeleMessage Recognised at Technology Fast 50	RNS
RNS Number : 7336B Messaging International Plc 02 November 2009 Messaging International Plc / Market: AIM / Epic: MES / Sector: Technology 2 November 2009 Messaging International Plc ('the Company') TeleMessage Recognised at Deloitte Israel Technology Fast 50 Awards Messaging International Plc, the AIM traded company and provider of converged messaging products and services, is pleased to announce that its 100% owned subsidiary, TeleMessage Ltd ('TeleMessage'), has been ranked 13th of the 50 fastest growing technology companies at the Deloitte Israel Technology Fast 50 Awards 2009 ('Fast 50 Awards'). This is the third consecutive year that TeleMessage has been recognised for its commitment to innovation and technology by the highly esteemed programme which has become a benchmark of success for technology companies. The Deloitte Technology Fast 50 Award programme is an objective ranking of Israel's fastest growing technology companies, which recognises their contribution and ongoing commitment to the industry. To establish the ranking, Deloitte reviewed fiscal year revenues over five years (2004-2008), calculated the revenue growth percentage over the period and compared the growth of technology companies. Messaging International CEO Guy Levit said, "To be included in Deloitte's programme for a third year is a significant achievement for TeleMessage as we continue to demonstrate our ability to maintain our growth in a highly competitive market. To receive recognition for our contribution to the technological sector acts as testament to the success of our messaging services and products which have been well received by major international mobile operators over the last 12 months." Tal Chen, director in charge of the Deloitte Brightman Almagor Zohar Technology Fast 50 Programme, said, "Being one of the 50 fastest growing technology companies in Israel is an impressive accomplishment. We commend TeleMessage for making the Deloitte Technology Fast 50 with a phenomenal 693% growth rate over five years". * ENDS * * For further information visit www.telemessage.com or contact: `Guy Levit Messaging International Plc Tel: + 972 3 9225252` `Mark Percy Seymour Pierce Limited Tel: +44 (0) 20 7107 8000` Isabel Crossley St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177 Notes to Editors About Messaging International Plc Messaging International Plc joined AIM in August 2005 with the objective of becoming a leading provider in the rapidly growing multimedia messaging market. Its 100% owned subsidiary, TeleMessage Ltd (www.telemessage.com), provides converged messaging products and services for carriers and enterprises that deliver Text, Voice, Video and Multimedia messages to and from any communication device. Send, receive, and manage SMS, MMS, Voice, Fax and E-mail messages from the Internet, E-Mail clients, Fixed or Mobile phones and APIs. The Company has a number of contracts with major blue chip companies including Sprint Nextel, one of the largest wireless providers in the US, Rogers Wireless, the largest wireless provider in Canada, and AIS, the largest carrier in Thailand. This information is provided by RNS The company news service from the London Stock Exchange END NRACKDKPFBDDADK More
30-09-09	Messaging Intl Plc - Interim Results	RNS
This news article is displayed preformatted as it may contain results tables RNS Number : 9052Z Messaging International Plc 30 September 2009 Messaging International Plc / Market: AIM / Epic: MES / Sector: Technology 30 September 2009 Messaging International Plc ('Messaging International' or 'the Company') Interim Results Messaging International Plc, the AIM traded company and provider of converged messaging products and services, announces its results for the six months ended 30 June 2009. Highlights * Steady trading with new partnerships agreed and existing alliances strengthened * Good pipeline of new business opportunities * Pre-tax loss of �173,224 (2008: loss �199,028) on turnover of �1,122,326 (2008: �727,697) * Progress expanding into new geographic territories including Russia, Western Europe and South America * Ongoing research and development - new services include a 'celebrity voices feature' for Text-to-Landline customers Chairman's Statement Trading during the first half of 2009 has been steady, having agreed new partnerships, strengthened existing alliances and generated a strong pipeline of new business opportunities. Our existing relationships with major international mobile operators, including the likes of Sprint Nextel, Rogers Wireless, Telus and Bell Canada, also continue to bear fruit as they adopt new add-ons to existing products and expand into new territories. Financial Results The results for the six months ended 30 June 2009 show a pre-tax loss of �173,224 (2008: loss �199,028) on turnover of �1,122,326, which is a 54.2 per cent. increase on last year (2008: �727,697). The Company's cash position as at 30 June 2009 was �297,669 (2008: �210,383). The board does not recommend the payment of an interim dividend. Operations Review Our blue-chip client base is undoubtedly impressive, however it is always difficult to gauge how much exact turnover each client will generate. Our relationship with Sprint Nextel ('Sprint'), for example, is very strong, with considerable revenue generated from this affiliation. Due to the popularity of our Text-to-Landline service with Sprint customers, we have launched various additional applications and features exclusively for these users such as the 'Record Your Name' personalisation feature and most recently, a celebrity voices feature whereby personalised messages can be delivered using top voice impersonators of Hollywood stars, which have proved very popular. We have made good progress branching out into new geographic territories and signing up additional corporate entities and telecom operators. Early in the year we launched our Text-to-Landline service with Uralsviazinform, considered as one of the four leading mobile operators in Russia. We also signed up various new enterprise customers including Zim, one of the largest global shipping companies, Ramada Hotels and a number of Israeli high schools. Our pipeline of new opportunities is strong. During the period we answered many requests for proposals in Europe and hope to convert several of these into new contracts having received positive feedback. We also conducted several trials with major Western European and South American operators, which we are particularly pleased about as they give us direct access into two of the largest mobile markets, where until now, we have only had a limited presence. We are constantly evolving and looking for new revenue streams to meet demand. Our research and development division therefore forms a major part of the business as we look to build and sustain competitive advantages. Importantly, to help us in this respect, in June 2009 the Company was approved for a further research project of approximately $250,000 from the Israeli Office of the Chief Scientist to mainly enhance our video streaming and download solutions. Prospects With more than half of the world now using mobile phones, mobile messaging is growing at a staggering rate and our Company is at the forefront of the industry. Importantly, we are increasingly being recognised by global mobile operators as a company which can deliver innovative, cost effective solutions to satisfy the needs of their customers. Looking forward, we are confident that this trend will carry on and that the numbers of users will continue to rise throughout the remainder of the year and beyond. H Furman Chairman 29 September 2009 For further information visit www.telemessage.com or contact: Guy Levit Messaging International Plc Tel: + 972 3 9225252 Mark Percy Seymour Pierce Limited Tel: +44 (0) 20 7107 8000 Catherine Leftley Seymour Pierce Limited Tel: +44 (0) 20 7107 8000 Susie Callear St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177 Consolidated income statement for the six months ended 30 June 2009 Unaudited Unaudited Audited Notes six months six months year ended ended ended 31 December 30 June 2009 30 June 2008 2008 � � � Revenues 2 1,122,326 727,697 1,742,632 Cost of revenue (581,425) (361,980) (822,712) Gross profit 540,901 365,717 919,920 Operating expenses Research and development (182,266) (204,180) (293,333) Sales and marketing (296,251) (132,992) (542,283) Administrative and general (216,124) (227,573) (418,210) costs Total operating expenses (694,641) (564,745) (1,253,826) Operating loss (153,740) (199,028) (333,906) Finance income - - 69 Finance cost (19,484) - (33,430) Loss before taxation (173,224) (199,028) (367,267) Taxation 3 - - - Loss for the financial period (173,224) (199,028) (367,267) Loss per share Basic and diluted loss per (0.07)p (0.08)p (0.15)p share 4 Consolidated statement of comprehensive income for the six months ended 30 June 2009 Unaudited Unaudited Audited Notes six months six months year ended ended ended 31 December 30 June 2009 30 June 2008 2008 � � � Exchange difference on 39,609 (378) 74,438 translation of foreign operations Foreign exchange difference - - 669,645 arising from restating the carrying value of goodwill associated with foreign operations (173,224) (199,028) (367,267) Loss for the period/year Total recognised income and (133,615) (199,406) 376,816 expense for the period/year Consolidated Statement of financial position as at 30 June 2009 Unaudited Unaudited Audited Notes as at as at as at 30 June 30 June 31 December 2009 2008 2008 � � � Non current assets Goodwill 3,906,262 3,236,617 3,906,262 Tangible assets 48,313 27,210 52,744 Other investments 118,927 107,500 135,330 4,073,502 3,371,327 4,094,336 Current assets Cash and cash equivalents 297,669 210,383 300,653 Trade and other receivables 484,791 428,617 576,907 782,460 639,000 877,560 Total assets 4,855,962 4,010,327 4,971,896 Current liabilities Trade and other payables (288,235) (307,088) (382,856) Borrowings (165,830) - (109,282) (454,065) (307,088) (492,138) Non current liabilities Borrowings (96,879) (42,174) Provisions (145,772) (121,000) (165,879) (242,651) (121,000) (208,053) Total liabilities (696,716) (428,088)) (700,191) Net assets 4,159,246 3,582,239 4,271,705 Share capital 1,176,900 1,176,900 1,176,900 Share premium account 4,266,227 4,266,227 4,266,227 Revenue reserves (2,033,194) (1,826,131) (1,881,126) Foreign exchange reserves 749,313 (34,757) 709,704 Shareholders' equity 5 4,159,246 3,582,239 4,271,705 Consolidated cash flow statement for the six months ended 30 June 2009 Unaudited Unaudited Audited six months six months year ended ended ended 31 December 30 June 2009 30 June 2008 2008 � � � Cash flow from operating activities Loss before taxation (153,740) (199,028) (333,906) Adjustments for: Share based payments 21,156 (2,389) 11,887 Depreciation and amortisation 12,234 6,784 24,896 Amortised finance costs 19,201 - 4,790 Foreign currency translation 23,938 (378) 43,287 adjustments 76,529 4,017 84,860 (77,211) (195,011) (249,046) Operating cash flow before working capital movements Decrease/(increase) in 92,116 (48,007) (196,297) receivables (Decrease)/increase in (94,621) 106,568 182,336 payables (Decrease)/increase in - - (1,018) provisions (2,505) 58,561 (14,979) Cash outflow from operating (79,716) (136,450) (264,025) activities Investing activities Interest paid (19,484) - (5,234) Purchase of tangible assets (14,195) (8,947) (43,092) Investment - - 12,946 Net cash used in investing (33,679) (8,947) (35,380) activities Financing activities Net borrowings 110,411 - 244,278 Net cash from financing 110,411 - 244,278 activities Net decrease in cash and cash (2,984) (145,397) (55,127) equivalents Cash and cash equivalents at 300,653 355,780 355,780 the beginning of the period/year Cash and cash equivalents at 297,669 210,383 300,653 the end of the period/year Notes to the interim report For the six months ended 30 June 2009 1. Basis of preparation and consolidation The financial information contained in the interim results has been prepared in accordance with International Financial Reporting Standards ('IFRS') as adopted by the European Union. It has been prepared in accordance with IAS 34 - Interim Financial Reporting and does not include all of the information required for full annual financial statements. The financial information contained in these interim results for the six months ended 30th June 2009 and 30th June 2008 are un-audited. The comparative figures for the year ended 31st December 2008 do not constitute statutory financial statements of the group within the definition of S434 of the Companies Act 2006. Full audited accounts of the group in respect of that financial period prepared in accordance with IFRS, which we received an unqualified audit opinion have been delivered to Registrar of Companies. The interim results have been drawn up using accounting policies and presentation consistent with those disclosed and applied in the annual report and accounts for the year ended 31 December 2008 except for the adoption of the following new and amended reporting standards, which are effective for periods commencing on or after 1 January 2009: * IAS1 (revised) - "Presentation of Financial Statements" A new primary statement, "Consolidated Statement of Changes in Equity" is required containing information previously disclosed in the notes to the accounts. In addition, the Consolidated Statement of Recognised Income and Expense is replaced with the Consolidated Statement of Comprehensive Income, which may be shown separately or combined with the Income Statement. * IFRS8 - "Operating Segments" This standard replaces IAS14 - "Segment Reporting" which required operating segments to be analysed into Primary (business) and Secondary (geographical) segments. IFRS8 requires that operating segments should be aligned with those reviewed by the "Chief Operating Decision Maker" which is considered to be the Board of Directors. Various other amendments to standards and interpretations of standards are effective for periods commencing on or after 1 January 2009 as detailed in the 2008 Annual Report, none of which have any impact on reported results. The accounting policies used in the interim statement are consistent with those used in the financial statements for the year ended 31 December 2008 and are in accordance with International Financial Reporting Standards. The consolidated income statement and balance sheet include the financial statements of the Company and its subsidiary undertakings up to 30 June 2009. 2. Turnover Unaudited Unaudited Audited six months six months year ended ended ended 31 December 30 June 2009 30 June 2008 2008 � � � North America 980,939 528,410 1,246,099 Rest of the World 141,387 199,287 496,533 1,122,326 727,697 1,742,632 3 No provision has been made for taxation as the group has losses available to carry forward against future trading profits. No deferred tax asset has been recognised in accordance with International Accounting Standard 12. 4. Basic and diluted loss per share The calculation of the loss per ordinary share is based on the loss after taxation for the six month period to 30 June 2008 of �173,224 (2008: �199,028) and 235,380,000 ordinary shares being the weighted verage number of shares in the period. (2008: 235,380,000). 5. Movement to shareholders' equity Unaudited Unaudited Audited six months six months Year ended ended ended 31 December 2008 30 June 2009 30 June 2008 � � � Loss for the period (173,224) (199,028) (367,267) Foreign Exchange reserves 39,609 (378) 744,083 movements Equity settled share based 21,156 (2,389) 110,855 payments (112,469) (201,795) 487,671 Equity at the beginning of the 4,271,705 3,784,034 3,784,034 period Equity at the end of the 4,159,246 3,582,239 4,271,705 period This information is provided by RNS The company news service from the London Stock Exchange END IR SEWFWUSUSESU More

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