Further re Final Results
30 März 2007 - 9:03AM
UK Regulatory
RNS Number:0383U
GMO Limited
30 March 2007
Press Release 30 March 2007
GMO Limited
("GMO" or the "Group")
Amended Announcement on Unaudited Final Results
GMO Limited (AiM:GMO), a leading provider of proprietary wireless value-added
services ("WVAS") currently focused on China, wishes to announce that as part of
the completion of a final audit for the financial period ended 31st December
2006, the profit for the period was reduced by USD59,000 to an audited profit
for the period of USD608,000. The reduction in profit of USD59,000 arises due
to a charge made in respect of share options granted to directors. This is a
non-cash item and has no effect on the cashflow of the Group.
-Ends-
For further information:
GMO Limited
Eugene Goh, Chief Executive Officer Tel: + (0)7786 787 005
eugene@gmoglobal.com www.gmoglobal.com
Corporate Synergy Plc
John Wakefield / Mike Coe, Corporate Finance Tel: +44 (0) 117 933 0020
Jwakefield@corporatesynergy.co.uk www.corporatesynergy.co.uk
Media enquiries:
Abchurch
Chris Lane/ Georgina Bonham Tel: +44 (0) 20 7398 7700
georgina.bonham@abchurch-group.com www.abchurch-group.com
Notes to Editors
GMO Limited is a leading provider of wireless value-added services in China.
GMO's technology enables mobile phone users to receive and transmit text, images
and other forms of digital data or voice content via their mobile handsets.
Examples include interactive voting, gaming, mobile entertainment, information
and transaction based services.
GMO's proprietary technology platform, the SonTouche Platform ("STP"),
facilitates the transfer of content received from mobile content providers into
a format capable of being delivered to the customer's mobile handset. This data
transfer occurs regardless of network type, operation standards or format of
content and enables cross network services and applications.
GMO is currently focussed solely on China, having identified China as the
world's largest market for Wireless Vale Added Services (WVAS) to mobile phone
users . Through a joint venture agreement with HX Beijing ("HXB"), GMO engages
in the research and development, and provision, of WVAS in China. HXB has in
place contractual commercial relationships with each of the four mobile
operators in the majority of the 31 provinces in China.
Since joining AIM in September 2006, GMO has expanded further into interactive
media entertainment through the acquisition of an interest in 20 per cent of
Wisdom Choice Investments Ltd. ("Wisdom Choice"). Wisdom Choice is the
exclusive service and technology provider of ColorComm Software Technology Group
("ColorComm"), a market leader in WVAS and an interactive media company in
China.
GMO, headquartered in Beijing, was formed in November 2005 by three companies
that are currently listed on MESDAQ, the securities market operated by Bursa
Malaysia: Green Packet Berhad, mTouche Technology Berhad and OSK International
Ventures Berhad, a leading venture capitalist.
GMO Limited listed on the AIM market of the London Stock Exchange on 6 September
2006 under the symbol GMO.L.
For further information on GMO Limited, please go to www.gmoglobal.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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