LVWR 0.13 ----LiveWire Mobile Signs Contract Extension With Major Customer
Tuesday, June 23 2009 9:13 AM, EST Business Wire "US Press Releases "
LITTLETON, Mass. --(BUSINESS WIRE)-- LiveWire Mobile, Inc. (LVWR.PK), a leading provider of mobile managed personalization services, today announced that it has signed a significant contract extension with one of its major customers. Under the agreement, LiveWire Mobile will continue to provide the customer with fully managed services from its comprehensive mobile personalization suite.
"This extension represents significant monthly revenue that contributes to our goals of adjusted EBITDA profitability and positive cash flow from operations by the end of 2009," said Joel Hughes , LiveWire Mobile's Chairman and Chief Executive Officer. "We continue to focus on maintaining long-term relationships with our customers while positioning the company for the future by investing in our market-leading technology and personalization services."
About LiveWire Mobile
LiveWire Mobile, Inc. (LVWR.PK) is a leading provider of managed personalization services for mobile operators. LiveWire Mobile's integrated suite of music and video services includes ringback tones, ringtones and full track downloads, as well as dedicated content and service marketing. LiveWire Mobile makes mobile personalization services easier to use and helps operators drive service usage and adoption. For more information, please visit www.livewiremobile.com.
LiveWire Mobile is a registered trademark of LiveWire Mobile, Inc. Other trademarks are properties of their respective owners.
This Press Release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements about the Company's future profitability and cash flow, customer relationships and company position. These statements are based on management's expectations as of the date of this document and are subject to uncertainties and changes in circumstances. Actual results may differ materially from these expectations due to risks and uncertainties including, but not limited to, uncertainties with respect to our ability to achieve profitability and positive cash flow, our ability to expand and maintain our relationships with existing customers and attract new customers, our market position, our ability to position the company for the future, and other risks. These and other risks are detailed from time to time in our historical filings with the SEC , including our annual report on Form 10-K for the year ended December 31, 2008 and our quarterly report on Form 10-Q for the quarter ended March 31, 2009 . In addition, while management may elect to update forward-looking statements at some point in the future, management specifically disclaims any obligation to do so, even if its estimates change. Any reference to our website in this press release is not intended to incorporate the contents thereof into this press release or any other public announcement.
Source: LiveWire Mobile, Inc.
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