90 percent growth in revenue from Q1 2009 demonstrates strength and global leadership in digital content sales
NEW YORK, New York – MobilityWire® – June 7, 2010
Even as industry analysts continue to report declining revenues from mobile content such as ringtones, Flycell, Inc., (www.flycell.com) a leading mobile and online entertainment content company, today announced the company continues its streak of high double-digit growth, achieving more than 90 percent growth in Q1 2010 over Q1 2009. Should this trend continue, Flycell is on a path to exceed revenue for 2009, its most successful year to-date.
Flycell’s parent company, Acotel Group (MIL: ACO), reported Flycell earned approximately $39.8 million in the first quarter of 2010 as compared to $20.9 million in revenue for Q1 2009. Flycell continues to be a profitable enterprise and a global leader in the mobile content space.
|2010 Flycell Revenue ($Millions)||$39.8||$39.8 YTD*|
|2009 Flycell Revenue ($Millions)||$20.9||$146.3|
|Percentage increase 2010 over 2009||90.4%|
*Represents financial data from January 1 to March 31, 2010, the first quarter of the fiscal year.
“We are beginning our sixth year in business by aggressively expanding in multiple directions,” said Alberto Montesi, CEO of Flycell. “In the first three months of 2010 Flycell launched Gamorama, a casual gaming website, and took our mobile entertainment portal and content to consumers in Argentina. Since then we have launched service in South Africa and partnered with DB4 to bring exclusive sports and entertainment content to our subscribers in Brazil via an innovative text messaging service. Throughout 2010 Flycell will continue to find creative ways to maximize the entertainment possibilities on mobile phones around the world, even as we look to expand into new forms of online entertainment and new geographic markets.”
Q1 2010 Highlights:
- Flycell launches Gamorama, a new casual games portal featuring the best in casual games for people of all ages, played online at www.Gamorama.com.
- Argentina becomes the ninth country in which Flycell opens its mobile content portal, available at www.flycell.com.ar, featuring the largest catalog of Argentinean and globally popular ringtones, games, wallpapers and other mobile content.
Flycell, Inc. is a leading mobile and online media and entertainment destination. Flycell lets people from all walks of life personalize their phones with the mobile content that reflects their own unique tastes in entertainment, sports, games and more. The company partners with media companies and mobile network operators globally that utilize Flycell’s cutting edge multimedia applications and services. Headquartered in New York, N.Y. and launched in 2004, Flycell is a wholly-owned subsidiary of wireless services company Acotel Group (MIL: ACO).
For more information concerning Flycell visit: http://www.flycell.com/corporate.
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