GETM Getmobile

    RNS Number : 8487W
  Getmobile Europe PLC
  17 June 2008
   

    Premingo Website Commences Commercial Operation

    Further to the Premingo update contained in its final results announcement on 8 April 2008, getmobile europe plc ("getmobile") is
pleased to announce that its new Premingo website has successfully completed its beta testing phase and has now gone live with the initial
start up of commercial operations. 

    Premingo, which is operated by Premingo GmbH a 65% getmobile subsidiary, offers the largest range of consumer contracts currently
available in a single online market place in Germany.
      
    Consumers can use the www.premingo.de site to access contracts for services including electricity, gas, broadband, mobile phones, pay
TV, credit cards, insurance, bank accounts, memberships and magazines. These types of services are traditionally sold with substantial
commission payments payable to the selling agent. 

    The Premingo business model enables the consumer to buy a contract and receive a significant proportion of the traditional selling agent
commission back by choosing from a range of rewards from 14 different categories of goods including consumer electronics, watches, cameras,
books, computers and other goods. 

    www.premingo.de is structured as an online marketplace where the contract suppliers such as electricity suppliers, broadband providers,
mobile phone operators, credit card firms, insurance companies and others can post their offers themselves. The online marketplace makes all
the deals transparent to consumers who can then select the one that is most attractive to them and they can then choose the reward package
which they want.
    
For example, consumers opting for Vodafone's all-inclusive broadband package as currently advertised on GermanTV, with a flat-rate charge
for internet access and telephone calls plus free on-site broadband installation can select a Premingo reward to the value of approximately
EUR200. With this reward they could purchase items such as a Sony PlayStation Portable, a JVC camcorder or a mountain bike with a DVD of
"Harry Potter and the Goblet of Fire" thrown in. Any combination of rewards can be selected. 

    CEO Tim Schwenke commented "While the commencement of commercial operations by Premingo is at an early stage it represents the first
step in getmobile's policy of launching new products leveraging our core strengths in online marketing, purchasing and product bundling."

    For further information contact
    Tim Schwenke CEO
    getmobile europe plc
    +49 89 2420 9555
This information is provided by RNS
The company news service from the London Stock Exchange
 
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