Company Update and Appendix 4E
Perth, Sep 1, 2015 AEST (ABN Newswire) - Yonder & Beyond Group Ltd (
ASX:YNB) is pleased to provide an update to its operations for the first half of 2015. Our portfolio of businesses focus on mobile and technology has performed strongly, with three launches of products and most companies now heading firmly into revenue and customer acquisition over the second half of 2015.
Y&B has focused on the development of each business in the portfolio whilst also pursuing synergies that exist between them. As a result, there are medium-term plans to integrate Boppl and Gophr, MeU and Boppl, MeU and Wondr, and Playmeet and Wondr. These integrations are in addition to the current existing partnerships between Prism Digital, Boppl, Gophr and Wondr, which are being worked on with the expectation of realising these technical partnerships in the second half of 2015.
The following is an update of each of the businesses in the Y&B portfolio.
MeU Mobile - Customer Acquisition
MeU Mobile a new mobile virtual network operator (MVNO) and Australia's First Social Mobile Network(TM) successfully launched in the last week of June. MeU Mobile offers Australians simple, transparent and competitive month-to-month plans utilising the Telstra Wholesale Network.
MeU will be Australia's first Social Mobile Network(TM) and uses a bespoke and innovative socially connected platform. This platform connects members both socially and with MeU's customer centric service representatives in a cheaper, faster and more intuitive way. Although it has just launched, MeU is focused on customer acquisition through efficient and innovative marketing strategies.
MeU Mobile received impressive press coverage in The Australian, IT Wire, Business Spectator and Ausdroid upon its launch, which has supported brand recognition as MeU pushes for customer acquisition growth.
Prism Digital - Record Revenue
June marked the end of Prism Digital's most successful quarter to date, with the team on their way to achieving their largest annual revenue. The fast-growing digital recruitment agency is based in London and is experiencing excellent revenue growth over the last several quarters. Prism Digital is a niche recruitment agency, focusing on the fast-growing startup sector in London and has benefitted from its innovative approach to recruitment in the digital space.
Prism Digital continues to develop relationships with top talent and influential IT and technology companies, as well as understanding the needs of businesses. A major part of this has been the incredibly popular "London DevOps" meetups, co-organised by Prism. The June event attracted over 500 developers to the Facebook London offices, where representatives of Google and Facebook presented with Prism.
Due to the popularity of "London DevOps", Prism Digital is co-organising a conference aimed at Windows Server platforms called "WinOps". Prism is currently attracting Microsoft executives and other industry influencers to attend and lead talks at this event. Standing amongst such key industry players demonstrates the credibility of Prism Digital and leads to the ability to secure long-term key accounts. Current Prism Digital clients include leading technology companies such as, Salesforce, Rackspace, Ogilvy and NTT.
Boppl - Over 1,700 London Venues Loaded
Boppl(TM), the mobile ordering and payment application, now allows its users to access menus of more than 1,700 venues in London. Boppl users can discover tastes and experiences in their local area through the application by simply ordering and paying for food and drink via their smartphone.
Boppl has announced reseller agreements in Italy and has live venues in Brisbane, Perth, London, Los Angeles, Verbier and Lyon. Boppl has continued its partnerships with point of sale (POS) systems to allow seamless integration with venues existing systems. As of 30th June 2015, Boppl's technology partnerships provide access to over 200,000 venues globally.
MySQUAR - Successfully listed on AIM on July 15th
MySQUAR's mission is to inspire creativity, entertainment and a better standard of living in Myanmar by offering world class consumer technology solutions that connect Myanmar people with each other and with businesses. Myanmar is one of the world's fastest growing telecom and technology markets in the world with large infrastructure investments having paved the way for continued growth in the coming years.
MySQUAR listed on London Stock Exchange's Alternative Investment Market ("AIM"), with a market capitalization at listing of AUD$37m. The successful listing comes of the back of MySQUAR's significant growth within the Myanmar telecoms market. Its MyChat application was recently ranked 5th in Google Play's top free applications store, with over 680,000 accounts on the instant messaging application. By the end of the year, the company expects the figure to have increased to 1.5 million users.
Wondr - v2.0 in Development
Wondr is a media sharing application with an emphasis on user defined privacy and content ownership.
Wondr soft launched on the Apple Store in the June quarter in an expanded live testing. This milestone takes Wondr out of its development stage into continuous customer testing and iterative improvements.
Subsequent to the 30th June 2015, Wondr was featured at the PDC Perth Darts Masters and usage feedback was collected to inform the version 2.0 development. With this feedback, development continues full force for a Version 2.0, which brings a state of the art user experience on this functionality and added engagement features to the Wondr ecosystem as well as all the pivots as identified by recent feedback. Version 2.0 of Wondr is expected to be released in the App Store throughout the next quarter.
Wondr is seeking B2B partnerships with events management companies for the platform as well as technology partnerships with other photo management systems for its privacy technologies.
Gophr - Growing at c.10% Transactions a Week in the UK
Gophr is a courier application, which enables customers to book jobs directly with a courier and track the progress of a delivery. It has been created to improve the experience for customers and couriers alike, with customers able to review courier performance, all through their smartphone.
After successfully completing its live testing phase with 100 businesses in March, Gophr successfully launched to the public in May, allowing Londoners to order a courier on their smart phone, watch its delivery progress in real time and pay using their smart phone or, for businesses, as scheduled billing.
Gophr has continued to grow the number of deliveries from its expanded trial through public launch by c.10% a week in the period to 30th June 2015 while already achieving some very high penetration in its launch target markets.
At the same time, Gophr has been improving the design of its application and general customer experience based on feedback so far. With those improvements, Gophr will commence a larger marketing campaign and communication strategy over the next quarter. This is to coincide with the end of summer in the UK to maximize impact and generation of revenue.
Connexion Media - New Partnerships and Winner of the SMART 100 Awards
Connexion Media Limited (ASX:CXZ), an innovator in the connected car market, has two major products being distributed through car manufacturers. The two products are Flex, and miRoamer.
During Q2 2015, CXZ signed a partnership with SEAT as well as with a major US auto producer to integrate its products, and won Australian Anthill's AMRT 100 Innovation awards in recognition of the quality and innovation of its products.
Playmeet - Launched on Australian App store for Beta testing
During the period Yonder acquired an initial 10% stake in US-based social media application PlayMeet(TM).
PlayMeet(TM) is the most comprehensive social mobile application to ever be designed around music, and was created in collaboration with representatives of JMPM Properties and The Estate of Michael Jackson.
PlayMeet(TM) allows users to create and tune profiles based on their musical interests, then find and interact with other users with similar musical tastes. Users can connect with friends or someone new by searching geolocation, venue check-ins and local concert events. Once connections are made, the app enables various social communication scenarios including song, lyric and interest sharing, messaging, concert invites and even in-venue song dedications via digital juke boxes in over 60,000 locations powered by TouchTunes.
PlayMeet(TM) has built a proprietary messaging and technology framework and integrated best of breed technologies from Spotify, Bandsintown, LyricFind, Facebook, FourSquare and TouchTunes to create the preeminent social music application. PlayMeet(TM) will continue to build out a world class and constantly evolving music matching algorithm that will connect people and spark social communication through the language of music.
About Yonder & Beyond Group Ltd
Yonder & Beyond Group Ltd (Y&B) (ASX:YNB) is a portfolio of synergistic technology assets with a focus on mobile businesses. These include Gophr, Boppl, Prism Digital, PlayMeet and MeU Mobile. Yonder & Beyond's strategy is to identify and develop disruptive applications with high commercialisation and scalability potential.
Yonder & Beyond equip startups with vital capabilities beyond capital. Our philosophy is to invest in people, as well as invest in their business, so they can both grow and succeed. We are dedicated to contributing to the development of businesses through our resources, experience and relationships.
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