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MiMedia on Track to be Default Media Gallery and Consumer Cloud Platform on Millions of Smartphones Shipped in 2025
MiMedia on Track to be Default Media Gallery and Consumer Cloud Platform on Millions of Smartphon...
About this update from Mimedia Holdings Inc
[{"type":"text","content":"\n\n\n\n MiMedia on Track to be Default Media Gallery and Consumer Cloud Platform on Millions of Smartphones Shipped in 2025\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n Confirmed Delivery of First 2 million, MiMedia Integrated Smartphones Currently Underway in US Marketplace\n \n\n\n\n NEW YORK\n \n\n ,\n \n\n Jan. 28, 2025\n \n\n /CNW/ -\n \n MiMedia Holdings Ltd.\n \n (TSXV: MIM) (OTCQB: MIMDF) (FSE: KH3) (\"\n \n MiMedia\n \n \",\n \n \"Company\"\n \n ) has confirmed with its partners that shipments have begun and are on schedule to meet or surpass initial targets.  Importantly, the first 2 million smartphone devices set to be delivered into the US in 2025 are also on track. These devices are all manufactured with the MiMedia cloud platform integrated as the smartphones' default media gallery application, immediately creating both mobile advertising and cloud storage subscription revenues for MiMedia and its partners.\n \n\n\n\n\n\n\n\n\n MiMedia CEO,\n \n Chris Giordano\n \n , commented \"We have confirmed with our partners that smartphones are now being shipped and sold and that initial stated targets of smartphone devices into the US marketplace in 2025 are set to be met or exceeded. Every smartphone will ship with MiMedia as the default media gallery application, creating strong and predictable user engagement metrics.  From the moment these phones get turned-on, they will begin generating recurring, high margin revenues for MiMedia and our partners from both mobile advertising and cloud storage subscriptions.\"\n \n\n Mr. Giordano continued, \"We are also currently seeing mobile advertising CPMs in the US in the\n \n $12\n \n -\n \n $18\n \n range. From those metrics, we expect to achieve going forward ARPU (Average Revenue Per User) rates north of\n \n $10\n \n per device from just mobile advertising, with storage subscription revenue as incremental contribution.  This recurring, high margin revenue will grow non-linearly as more smartphones come online from each of ou...