XLMedia PLC Business update and acquisition (1262O)
26 Maio 2015 - 3:01AM
UK Regulatory
TIDMXLM
RNS Number : 1262O
XLMedia PLC
26 May 2015
For immediate release 26 May 2015
XLMedia PLC
("XLMedia" or "the Group" or "the Company")
Business update and acquisition;
The Group continues to trade in line with expectations
XLMedia (AIM: XLM), a leading provider of digital performance
marketing services, is pleased to provide an update on its progress
to deliver mobile content across its publishing and media
divisions, including the acquisition of UK focused mobile targeted
websites.
The Company continues to invest in both mobile technologies and
practices for its publishing and media divisions. As a result our
publishing content continues to experience significant increases in
traffic from mobile users. Recent changes within the online and
mobile search ecosystem have reconfirmed our strong position in the
market place, further establishing our standing with customers.
XLMedia continues to provide its users with quality content that
can be accessed through any device in multiple languages.
The Company also continues to develop its publishing network and
recently concluded a small bolt-on acquisition of UK focused,
mobile targeted websites. XLMedia continues to look for
opportunities to expand its network as well as to develop existing
and new assets.
As mobile advertising becomes a dominant factor in the
advertising segment, XLMedia will continue to develop its in-house
systems to support tracking, optimisation and advertising to mobile
users. Social networks are a significant factor that drives mobile
activity, and currently the majority of the Company's social gaming
media activity is with mobile users.
XLMedia expects to issue a trading update for the six months
ended June 30, 2015 in July 2015.
Ory Weihs, Chief Executive Officer of XLMedia, commented:
"Mobile users are now becoming a significant portion of our
target audience which is why we are developing new features and
capabilities to deliver a seamless mobile experience across our
websites and ads in order to drive enhanced experience to our
users. We see this process as a key strategic driver for the
business and as a result have allotted a significant part of our
budget to further develop our in-house systems in the mobile
arena.
"As a result, we continue to evaluate prospective acquisition
targets in order to add new technologies and skills that will
complement the existing suite of user engagement and advertising
tools. We have made an excellent start to 2015 and continue to
trade in line with expectations. The Board believes that the
outlook for 2015 remains positive with growth set to continue."
For further information, contact:
XLMedia plc Ory Weihs www.xlmedia.com Tel: 020 8817 5283
Vigo Communications Jeremy Garcia Tel: 020 7016 9570
/ Fiona Henson www.vigocomms.com
Cenkos Securities plc (Nomad Tel: 020 7397 8900
and Joint Broker) Ivonne Cantu
/ Callum Davidson www.cenkos.com
Liberum (Joint Broker) Neil Tel: 020 3100 2000
Patel www.liberum.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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