GLMB.. $`0.12 Upgrades Services.. Global MobileTech Begins Stress Tests for Its Cliq2Talk Multimedia Communication Tool...
When Launched, Cliq2Talk Will be Available Free to Internet Users Globally
SPOKANE, Wash., Feb. 26, 2013 (GLOBE NEWSWIRE) -- Global MobileTech, Inc. (OTCBB:GLMB), a leading Web and mobile communications service provider in Asia, today announced the launch of the first of two stress tests for its multimedia communications portal, http://cliq2talk.com.
Cliq2Talk is Global MobileTech's WebRTC enabled solution for real-time multimedia communication. The pioneering Internet-based interactive solution has combined all the ways a user would want to engage with family, friends, play online games or shopping in a single application.
The first stress test involving selected participants from Global MobileTech's mobile VoIP users will run from February 26 to March 15, 2013 to ascertain Cliq2Talk's usability. The second test with the participation of mobile VoIP users from Global MobileTech's private label partners will be conducted from March 15 to March 31, 2013 to determine how well the servers will cope on being swarmed with heavy traffic.
Available initially for desktop users, Cliq2Talk brings together the most advance multimedia features that include the ability to:
record video calls and send the recorded video to the receiver with preset view time and auto deletion functions,
connect with friends from Facebook and Twitter,
screen share when presenting Powerpoint slides,
capture screen shots and text chat in real-time as video calls are underway,
play online multimedia games with friends; and
shop at e-commerce sites of Cliq2Talk's partners.
"The stress tests are important milestones for us as we enter the final stages in the commercial launch of Cliq2Talk," said Aris Bernawi, Chairman and CEO of Global MobileTech. "Our goal is to create the best multimedia communication experience to our users and building on everything we have learned from the licensing of our current mobile VoIP applications."
"Our desktop Cliq2Talk is a precursor to the release of iOS and Android versions for mobile devices during Q4, 2013," continued Bernawi, "We are expecting Cliq2Talk to be a game changer for Global MobileTech that will elevate the Company from a regional to a global player in the multimedia communication industry."
Cliq2Talk will be localized and the commercial version will be launched in multiple languages. The commercial launch and region-specific details such as supported languages will be announced at a later date. Cliq2Talk will be made available at no cost to millions of Internet users globally.
GLMB.. $0.14.. Global MobileTech Announces Second Quarter Fiscal 2013 Financial Results... ===================================================
SPOKANE, Wash., Feb. 6, 2013 (GLOBE NEWSWIRE) -- Global MobileTech, Inc. (OTCBB:GLMB), a leading mobile communications service and content provider in Asia, today announced its results for the second quarter fiscal 2013.
Financial highlights for Q2, 2013 compared to Q2, 2012 include the following:
Revenue: $4.50M vs $4.38M ($0.12M or 3% increase)
Gross profit: $1.36M vs $1.29M ($0.07M or 6% increase)
Gross profit margin: 30.0% vs 29.4% (80 basis point increase)
Operating income: $412,000 vs $427,000 ($15,000 or 3.6% decrease)
Net income: $381,000 vs $375,000 ($6,000 or 1.5% increase)
Diluted EPS: $0.05/share vs $0.07/share ($0.02 decrease)
Diluted weighted average number of common shares outstanding: 7,688,803 vs 5,042,586 (52.5% increase)
"We had a great second quarter across our company, with the mobile VoIP communications and advertising segment accelerating our revenue and income," said Mohd Aris Bernawi, the Company's Chairman and Chief Executive Officer.
"Mobile and e-commerce continues to be a game changer for us. We are consistently demonstrating our capabilities to help our customers to compete in a rapidly evolving, e-commerce environment with our second generation mobile communication technology." Bernawi continued, "Looking ahead into the third quarter, our goal is to grow at faster than market growth rates while making selective investments in e-commerce and human resource development."
Form 8-K for GLOBAL MOBILETECH, INC.
Change in Directors or Principal Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Director
On September 26, 2012, Matthew Riedel resigned as an independent Director of the Company effective September 26, 2012. Mr. Riedel had served as a Director since December 1, 2010. His resignation was not due to any disagreement with the Company.
GLMB.. $0.2388.. Global MobileTech Announces Entry Into North American Markets.............
SPOKANE, Wash., July 18, 2012 /PRNewswire/ -- Global MobileTech, Inc. (OTCQB: GLMB), www.globalmobiletech.com today announced its plan to launch its MaxCents e-Shopping portal using its proprietary MobiCAST platform in North America during the first quarter of 2013. MaxCents is a unique ad-funded location based portal that has combined advertising with a loyalty program that facilitates the conversion of reward points earned by MaxCents community members into cash for donation to charitable/religious organizations classified under Section 501(c)(3) of the Internal Revenue Code.
MaxCents is targeted at suppliers in a broad spectrum that range from small retailers to chain stores/supermarkets and brand owners seeking to sell their discounted products and services to MaxCents members. Membership is open to everyone, 18 years and above, in particular, taxpayers who have missed the opportunity to obtain tax deductions for their donations to charitable/religious organizations.
By becoming members of MaxCents community, taxpayers will be able to earn reward points each time they purchase goods and services from MaxCents. The points earned can be converted to cash for donation to charitable organizations of the member's choice. Such donations that may be as small as a fraction of one cent could accumulate into a substantial sum through multiple transactions during the year. MobiCAST will aggregate and itemize the donations in meeting with the IRS guidelines for tax deduction eligibility.
Our recurring revenue streams will comprise of fees from suppliers, online/mobile banner ads and ad campaigns on behalf of our customers.
"While Asia continues to be the largest market in terms of active subscriptions, North America is an important step in enhancing the organic growth of the Company and long-term interest to move to a senior exchange," stated Aris Bernawi, Chairman and CEO of GLMB. "With the successful execution of our business strategy in Asia, we believe that this is the right time to enter the North American market using our MobiCAST platform."
"MaxCents will be implemented in several phases commencing with markets in the West Coast during the first quarter of 2013 followed by the East Coast and Midwest in subsequent phases," added Bernawi. "GLMB is inviting suppliers of household and office supplies, apparels, shoes, indoor and outdoor sports equipment to register as a preferred merchant in its suppliers' database. Interested parties should contact the Company at firstname.lastname@example.org."
ABOUT GLOBAL MOBILETECH, INC.
Global MobileTech (www.globalmobiletech.com) provides a proprietary technology platform used to deliver e-Shopping and mobile/online advertising to users participating in a rewards program. Users have several redemption options to utilize their reward points that include making free long distance and international calls, sending text messages, and converting the reward points earned into cash for donation to charitable organizations. Global MobileTech provides its patented technology to private label partners and operates the MobiCAST platform and MobiREWARDS program. Its principal user base is located in Asia. In addition, Global MobileTech operates an alternative energy segment providing biomass energy consulting services in South East Asia.
GLOBAL MOBILETECH FORECASTS INCREASED PROFITS FOR 2012
Increase in Net Earnings of 21-34 Percent
SPOKANE, WASHINGTON, May 30, 2012 -- Global MobileTech, Inc. (OTCBB: GLMB)(www.globalmobiletech.com), today issued its year-end earnings forecast to investors calling for an increase in net income of 21 percent, as the Company continues to focus on the more profitable segments of the mobile marketing industry in Asia.
With approximately 850,000 members in its location-based advertising networks, Global MobileTech is a leading provider of permission-based mobile marketing services in Southeast Asia, Hong Kong and China. Global MobileTech presently serves approximately 12.5 million ads to its community based members monthly.
The Company forecast revenues of $15 - $16 million for the year ending on June 30, 2012, with earnings per share of $0.34 - $0.38 per share. Net income is expected to increase from $1.488 million to between $1.8 and $2.0 million.
“I am very pleased with the success that we experienced over the past year in implementing a comprehensive plan to become a more focused, and more profitable company,” said Mohd Aris Bernawi, the Company’s Chief Executive Officer. “Our decision to focus on our core strengths and the areas of the business has improved the Company’s earnings and value to shareholders.”
Global MobileTech recently reported that its shareholder equity, a basic measure of the value of worth of an enterprise, had doubled to $6.64 million in the first nine months of fiscal 2012 compared to $3.15 million for the fiscal year ended June 30, 2011. The Company also reported that its gross profit margin for its mobile VoIP (Voice over Internet Protocol) communications and mobile advertising segment had improved sharply from 14 percent to 40 percent for the first nine months of its fiscal year, in comparison with the same period in 2011.
“We expect the trend of high-margin, premium work to continue through 2012 and into next year,” added Bernawi.
Global MobileTech’s patented technology platform combines mobile advertising and mobile communications services and powers mobile communities. The Company’s principal business is to license its patented technology and to provide technical and administrative support to channel partners and private label partners.
The Company’s technology is used to create mobile communities of members who participate in permission-based advertising networks and, in return, receive credits toward free local and international cellular telephone calls and text messaging. The Company has integrated its ability to serve mobile advertising and ability to seamlessly provide communications services through third party cellular and VoIP operators.
While Global MobileTech has focused its efforts as a provider of technology and support services to channel partners and resellers, the Company recently announced the launch of its MaxCents shopping portal to be implemented this year in West Malaysia. MaxCents will help the Company to further monetize its mobile VoIP communications and mobile marketing platform.
ABOUT GLOBAL MOBILETECH, INC.
Global MobileTech (www.globalmobiletech.com) provides a proprietary technology platform used to deliver mobile advertising to users participating in a rewards program. The rewards program allows users to earn rewards points that may be used for free long distance and international calls and other incentives in return for their participation in the program. Global MobileTech provides its patented technology to channel and private label partners and operates the MobiCAST and MobiREWARDS programs. Its principal user base is located in Malaysia and Hong Kong. In addition, Global MobileTech operates an alternative energy segment providing biomass energy consulting services in South East Asia.