ForgetMeNot Africa Limited Update (6500Z)
18 Gennaio 2011 - 11:30AM
UK Regulatory
TIDMLZM
RNS Number : 6500Z
LonZim PLC
18 January 2011
18 January 2011
LONZIM PLC
("LonZim" or the "Company")
LonZim subsidiary ForgetMeNot Africa Limited purchases exclusive
perpetual licence for mobile messaging technology for Africa
LonZim Plc (AIM:LZM) is pleased to announce that the Company's
51% owned subsidiary in the telecoms sector, ForgetMeNot Africa
Limited ('FMNA'), has exercised its option to take the exclusive,
perpetual licence for FMNA's unified messaging system, Message
Optimiser and other applications for Africa.
Since LonZim's initial trial investment in FMNA in early 2009,
FMNA has delivered significant progress in the deployment of its
products such as mobile email, online chat and Facebook solutions,
signing up five African mobile network operators.
FMNA has established a network footprint across Kenya, Nigeria,
Lesotho and Republic of the Congo, making access to mobile email
and online chat available to 42 million Africans. FMNA now has
agreements with Econet Telecom Lesotho, Econet Telecom Zimbabwe,
Glo Mobile in Nigeria, Safaricom and yu in Kenya and Warid in
Republic of Congo.
Message Optimiser is deployed in mobile networks to enable
access to low-cost internet messaging on first generation,
SMS-enabled mobile phones. LonZim has paid ForgetMeNot Software
(Hong Kong) US$1m for the perpetual licence. ForgetMeNot (Hong
Kong) retains its 49% minority shareholding in FMNA.
David Lenigas, Executive Chairman of LonZim, said:
"FMNA has made astounding progress in a short time and in just
eighteen months has signed up access to networks with over 42
million subscribers in Africa. The purchasing of the perpetual
licence establishes a solid foundation for the further expansion of
the FMN product range across Africa."
Jeremy George, Chief Operating Officer for ForgetMeNot Africa,
said:
"Internet access across Africa remains very low compared to the
rest of the world, but the fast growth rate of mobile phone
ownership means that mobile access may be the only way the vast
majority of Africans ever access the internet, so the market
potential for Message Optimiser is huge. LonZim's securing the
perpetual licence to Message Optimiser lends further mettle to
FMNA's objective of bridging the digital divide by turning the
millions of basic handsets on the continent into virtual messaging
smart phones that can access email and other FMN applications."
For further information contact:
LonZim Plc +44 (0)20 7016 5106
David Lenigas, Executive Chairman +44 (0)20 7016 5106
Geoffrey White, Chief Executive
Officer +44 (0)20 7016 5106
David Armstrong, Finance Director +44 (0)20 7016 5106
Emma Priestley, Executive Director +44 (0)20 7016 5106
WH Ireland Ltd: NOMAD and Broker
James Joyce +44 (0) 207 220 1666
Pelham Bell Pottinger
Charles Vivian +44 (0) 20 7861 3126
+44 (0) 7977 297 903
James MacFarlane +44 (0) 20 7861 3864
+44 (0) 7841 672 831
About ForgetMeNot Africa
ForgetMeNot Africa Limited is a "software as a service" (SaaS)
company specialising in unified messaging that supports seamless
interoperability between SMS, email and Instant Messaging clients
for telecommunications operators. The core product is Message
Optimiser which allows telecom operators to immediately provide
cost-effective comprehensive unified messaging services to all of
their customers without any upgrades to the device or any need for
downloading new applications onto the device. This opens up a range
of previously inaccessible services to many of their customers
including 2-way email and 2-way instant messaging communication
capability. For more information visit www.fmnafrica.com.
About ForgetMeNot Software
ForgetMeNot Software Limited is a "software as a service" (SaaS)
company specialising in Unified Messaging that supports seamless
interoperability between SMS, Email and Instant Messaging clients
for telecommunications operators. The core product is Message
Optimiser which allows telecom operators to immediately provide
cost effective comprehensive unified messaging services to all of
their customers without any upgrades to the device or any need for
downloading new applications onto the device. This opens up a range
of previously inaccessible services to many of their customers
including 2-way email and 2-way instant messaging communication
capability, mobile banking, mobile educational services, commercial
market alerts such as commodities pricing and Government
notifications for emergencies, without the need for a PC or
internet connection. ForgetMeNot Software Limited, based in Hong
Kong with operations in Middle East, Los Angeles and London. For
more information visit www.fmnsoft.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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