REG - Mobile Streams plc - Mobile Streams signs agreement with Bitso

Mobile StreamsAnnouncement

07/06/2023 15:00

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RNS Number : 9943B  Mobile Streams plc  07 June 2023

7 June 2023

 

Mobile Streams plc

("MOS" or "the Company")

 

Mobile Streams signs exclusive partnership agreement with Bitso

 

Mobile Streams plc, the AIM quoted mobile content and data intelligence
company, is pleased to announce it has signed an exclusive commercial
partnership with Bitso, the leading financial services company powered by
crypto in Latin America.

Founded in 2014 Bitso, www.bitso.com, announced in 2023 it had surpassed seven
million customers globally and just the year before it reported that it
provided institutional services to 1,500 business clients. Bitso began its
expansion in the continent with the official launch of its operations in
Argentina in February 2020. In May 2021, the company started operations in
Brazil and in 2022 launched their operations in Colombia. Bitso's most recent
valuation was US$2.2 billion (With backers like Tiger Global, LatAm crypto
exchange Bitso raises $250M at a $2.2B valuation | TechCrunch
(https://techcrunch.com/2021/05/05/latam-crypto-exchange-bisto-raises-250m-from-tiger-coatue-at-a-2-2b-valuation/?guccounter=1&guce_referrer=aHR0cHM6Ly9lbi53aWtpcGVkaWEub3JnLw&guce_referrer_sig=AQAAAE_uw9SuGnB45UN_TyBya7VbaouEOs34e26hLrUzXGIoykxQz6SKNPBAVBAHUQqL4ek1PtAolETfjUH6ZLEBdp-hCxbbuOqXdQg6lWEqxw0Z-HDP5dVOgzY3LxWNRFZSoXm-cRIyXIiQJIutl6T_pgw0F4pdakW7xhGHGk7MmsGt)
).

MOS has signed a 1 year exclusive commercial partnership with Bitso for
sporting NFTs. Under the terms of the partnership, the Company will offer
Bitso the opportunity to promote all MOS NFT products from its licences and
create joint NFT collections. Bitso may advertise both MOS NFT products and
jointly created collections across all Bitso channels. Under the agreement
there are no costs to MOS and the Company will pay Bitso a modest revenue
share for any products sold.

Non-Fungible Tokens ("NFTs") are digital data stored in a blockchain, a form
of distributed ledger. The ownership of an NFT is recorded in the blockchain,
and can be transferred by the owner, allowing NFTs to be sold and traded. In
effect the Company's products are digital merchandise. An example would be a
sports trading card - NFTs produced under this contract are one-of-a-kind
trading cards. If you traded it for a different card, you'd have something
completely different.

 

Mark Epstein, CEO Mobile Streams plc, said:

"We are delighted to announce this commercial partnership with Bitso. We are
proud to be working with the largest Crypto company in LatAm. We feel their
market reach and tech combined with our sporting NFT licences and products
makes a very powerful combination and should add an important sales channel
for our products. Bitso has an incredibly talented team of people and it's a
pleasure to be working with them."

 

The information contained within this announcement is deemed by the Company to
constitute inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018. Upon the publication of
this announcement via the Regulatory Information Service, this inside
information is now considered to be in the public domain.

 

About Mobile Streams

Mobile Streams delivers world class content to a global audience, through its
NFTs, mobilegaming.com platforms, Livescores service, our long-standing
carrier relationships in countries including India, Argentina and Mexico, and
through our https://heroesnftclub.com/ site.

Our Streams data insight, intelligence and visualisation services and
marketing optimisation tools support the content business, as well as serving
enterprise level bespoke clients and the Streams SaaS ("Software as a
Service") self-service platform. Our strategy is to deliver next-generation
content including gaming, Esports and related NFTs to a global audience.

 

 

 

For further information, please contact:

 

Mobile Streams plc

Nigel Burton, Adviser

+44 77 8523 4447

www.mobilestreams.com (http://www.mobilestreams.com)

 

Beaumont Cornish (Nominated Adviser)

James Biddle and Roland Cornish

+44 (0) 20 7628 3396

 

Peterhouse Capital Limited (Broker)

Lucy Williams and Duncan Vasey

+44 (0) 20 7469 0930

 

 

 

 

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