Company Update for Boppl, Gophr, MeU and Prism Digital
Perth, Nov 2, 2015 AEST (ABN Newswire) - Yonder & Beyond Group Ltd (
ASX:YNB) ("YNB" or the "Company"), a portfolio of synergistic technology assets with a focus on mobile businesses is pleased to provide an update in relation to its operations.
Quarterly Review
+ Monetisation for Boppl, Gophr, MeU and Prism Digital
+ Growth of all products and portfolio companies and the launch of new products
+ Strong synergies being identified and created amongst portfolio companies
+ Good press coverage on portfolio companies' achievements
+ Portfolio companies engaging in significant partnership agreements
Yonder & Beyond Ltd (YNB) has released its Apppendix 4C for the three month period to 30 September 2015.
The period was one of significant activity across portfolio companies, with all entering (or advancing) defined monetisation strategies. Significant operational and/or financial milestones have been hit, thanks in part to the strong hands on operational, financial and technical support from parent Yonder and Beyond Ltd.
Portfolio Company Growth
With the launch of all products within the YNB portfolio, each of the companies are experiencing growth and aggressively targeting expansion within their target markets. YNB has been actively involved in accelerating this growth through securing clients and partnerships, enhancing product development and management of personnel.
Social and Community Commitment
A highlight of the period was the way in which portfolio companies embraced and enhanced its social and community commitment.
Gophr has become the first accredited courier company with the Living Wage Foundation, meaning it is going to pay its full-time couriers more than the London Living Wage. This makes Gophr the first accredited courier company in the UK by the Living Wage Foundation. The move was widely applauded by the London courier and cycling community.
Following Gophr's lead, fellow portfolio company Prism Digital has also become accredited with Living Wage Foundation.
MeU mobile is establishing a partner and community affiliate scheme that will, once finalised, build a platform to cross promote products and offerings to the whole partnership network and in time allow for members to seamlessly apply value created from being a member to donations to chosen charity groups.
Prism Digital coordinated and hosted a conference in London on WinOps technologies. The conference was a success with 95% attendance and has allowed Prism to expand its network with major technologies corporations and potential candidates.
Other portfolio companies are actively pursuing activities and initiatives to support their own social commitment, details of which will be provided in due course.
Cash Receipts
Since 30 September 2015 the group has received in excess of $800,000 in Research and Development credits from the HMRC, and is expecting a further $200,000 in tax credits to be processed over the coming weeks.
Press Coverage
Boppl, Gophr and Prism Digital received good press and marketing coverage over the period, recognising their growth and achievements. The highlights are below.
+ An article on the new Boppl White Label application in Brisbane venue, Miss Bliss Kitchen
+ A press release from IWGB on Gophr becoming the first Living Wage courier company
+ A video on social media on the new Boppl White Label application in Brisbane venue, Pineapple Express. The video has received over 15000 views
+ Blog posts and articles about the WinOps Conference hosted by Prism Digital
Outlook
YNB continues to make positive progress with its portfolio companies and the parent group operations. With its recent achievements, YNB is looking to enhance the monetisation of its portfolio companies and seek strong valuation increases. Over time YNB will, as part of its strategy, look to monetise its investments (full or partial sell down, IPO, etc) so as to create a return to shareholders and allow YNB to expand its portfolio holding.
To view the full review, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-YNB-740926.pdf
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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