Steady flow of contracts: 4th African mobile e mail deal in just 3 months
Recent profit taking leaves shares at bottom of our short term valuation range
Revenues up 7x from last year
Balance sheet strengthened by earlier fund raise
Strong sales momentum underpins shares' long term attractions
1H09 revenues up 6x to £1.2m
Management confident of meeting full year expectations
Low cost messaging handset collaboration progressing
Good sales momentum with distribution partners
Strong cash position
Major collaboration with a Korean Original Device Manufacturer and a major mobile device distributor
A low-cost messaging device and service for emerging markets
Supporting fund raise significantly strengthens the balance sheet
Upside for Synchronica likely to be significant from 2010 onwards
Leading provider of mobile email products and services.
Focus on consumer and prosumer segment, particularly in emerging markets.
Growing momentum in signing customers and distributors.
2009 set to be landmark year as the company begins to demonstrate its long term potential.