Sports Stars Media plc Trading Update (6341Z)
10 Fevereiro 2014 - 5:00AM
UK Regulatory
TIDMSPSM
RNS Number : 6341Z
Sports Stars Media plc
10 February 2014
10 February 2014
Sports Stars Media Plc
("SSM", "the Group", or the "Company")
Strategy and trading update and appointment of Joint Broker
Sports Stars Media Plc, the sports animation and media company,
provides the following trading update in respect of the financial
year ended 31 December 2013. SSM expects to publish its preliminary
results for the year ended 31 December 2013 on 21 April 2014.
Group revenue for the year was negligible, which largely
reflects a slower than anticipated initial take-up of The Mourinho
product range. As a result, and as previously highlighted, the
Group expects to make a loss for the year.
The Group continues to develop its product and service range,
and a major part of this development strategy is the role-out of
the The Game by Ronaldo, which the Company launched in November
2013. The Group is pleased to announce that the initial take-up of
The Game has exceeded management expectations, with anticipated
player and team registrations rapidly approaching 100,000 and
25,000 respectively. The Game now has players registered from over
180 countries after only three months of launch.
The Group is ready to launch a number of new marketing
initiatives in order to capitalise on the opportunities available
to it. These initiatives would require additional funds and the
Group is reviewing funding options for this and its ongoing working
capital requirements.
The Company is also pleased to announce that it has appointed
Peterhouse Corporate Finance Limited as Joint Broker with immediate
effect.
Commenting, Ruben Dias, Co-CEO, said:
"2013 has proved to be a challenging but productive year for the
Company. We still await the expected revenue follow-through
following the highly publicised launch of The Mourinho product
range in May 2013. Our focus is now on the licensing and
merchandise opportunities and football related products that can be
derived from the created content.
"We are delighted to report the extremely encouraging market
reaction to our recent launch of The Game by Ronaldo. Based on the
demand since this launch, we increasingly see this area of our
business as being of major significance for the Group.
"Finally, the Group is pleased to welcome Peterhouse Corporate
Finance Limited as Joint Broker to SSM. This move reflects our
commitment to communication with shareholders as we move forward
with growth and development plans."
For further information, please contact:
www.sportsstarsmedia.com
Ruben Dias, Co-CEO +1 604 902 2214
Carlos Amaro, Co-CEO + 971 506762328
Lindsay Mair, Sanlam Securities UK +44 20 7628 2200
Catherine Miles, Sanlam Securities UK
Jon Levinson Peterhouse Corporate Finance +44 20 7469 0930
Duncan Vasey, Peterhouse Corporate Finance
Josh Royston, Newgate Threadneedle +44 20 7653 9850
Heather Armstrong, Newgate Threadneedle
The information contained within this update is produced to the
best of the knowledge of the directors and has not been reviewed by
the Company's auditors.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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