Business
App Store Update & Notice of Results
App Store Update & Notice of Results.
About this update from Bango Plc
[{"type":"text","content":"\n \nRNS Number : 9500H Bango PLC 07 June 2011 \n \n\n7 June 2011 \nEmbargoed until 07:00\n \nBANGO PLC\n(\"Bango\" or \"the Company\")\n \nBango App Store Update & Notice of Results\nBango now processing BlackBerry App store payments in multiple markets and multiple currencies\nBango plc (AIM:BGO.L), the mobile web payments and analytics company, confirms that following the rollout of additional operator billing capabilities in the USA, Canada, the UK and mainland Europe, the Company is now processing payments in US Dollars, Canadian Dollars, Pounds Sterling and Euros for sales of BlackBerry smartphone applications. \nThe app store, called BlackBerry App World, is available to users of BlackBerry smartphones in multiple markets across North America, Europe, Asia and Latin America. Most recently BlackBerry users on Vodafone UK and T-Mobile USA networks have started making payments for apps on their phone bills through Bango.\nBango provides the technology that enables these BlackBerry users to charge mobile application purchases to their operator phone bills. In addition, Bango is the merchant of record for operator-billed app sales, processing and settling revenue to each app developer selling through the app store. \nThe market for smartphones - sophisticated mobile phones that can download and run a range of applications, entertainment, books, videos and productivity tools - is expected to reach 1.7 billion devices by 2014, according to research from Analysys Mason. \nRevenue from mobile app sales is expected to grow at 62% CAGR through to 2012, reaching over $17 billion (Chetan Sharma Consulting). Analyst estimates place the value of mobile apps by 2014 ranging from $32bn up to $50bn. \nRay Anderson, CEO, commented: \n \n\"The relationship with BlackBerry is an important one for us and we are pleased with the progress made to date. The BlackBerry App Store is available in over 100 countries and we remain fully committed to developing this significant market opportunity.\" \nBango intends to announce results for the year ended 31 March 2011 on 14 June 2011.\nContact Details: \n \n\n\n\n\nBango plc \n\n\nThreadneedle Communications\n\n\nCenkos Securities plc\n\n\n\n\nTel. +44 1223 472777 \nwww.bango.com\n\n\nTel. +44 (0) 207 653 9850\n\n\nTel. +44 (0)207 397 8900\n \n\n\n\n\nRay An...