Confirmed Delivery of First 2 million, MiMedia
Integrated Smartphones Currently Underway in US Marketplace
NEW
YORK, Jan. 28, 2025 /CNW/ - MiMedia Holdings
Ltd. (TSXV: MIM) (OTCQB: MIMDF) (FSE: KH3) ("MiMedia",
"Company") has confirmed with its partners that shipments
have begun and are on schedule to meet or surpass initial
targets. Importantly, the first 2 million smartphone devices
set to be delivered into the US in 2025 are also on track. These
devices are all manufactured with the MiMedia cloud platform
integrated as the smartphones' default media gallery application,
immediately creating both mobile advertising and cloud storage
subscription revenues for MiMedia and its partners.
MiMedia CEO, Chris Giordano,
commented "We have confirmed with our partners that smartphones are
now being shipped and sold and that initial stated targets of
smartphone devices into the US marketplace in 2025 are set to be
met or exceeded. Every smartphone will ship with MiMedia as
the default media gallery application, creating strong and
predictable user engagement metrics. From the moment these
phones get turned-on, they will begin generating recurring, high
margin revenues for MiMedia and our partners from both mobile
advertising and cloud storage subscriptions."
Mr. Giordano continued, "We are also currently seeing mobile
advertising CPMs in the US in the $12-$18 range. From
those metrics, we expect to achieve going forward ARPU
(Average Revenue Per User) rates north of $10 per device from just mobile advertising, with
storage subscription revenue as incremental contribution.
This recurring, high margin revenue will grow non-linearly as more
smartphones come online from each of our signed partnerships all
around the world. Over time, we can create a "sticky" product
environment for our end users who will want to continue their
MiMedia cloud platform relationship from device to device.
MiMedia and our partners are currently seeing growth in
opportunities throughout the highly populated regions of
Mexico, Latin America, SE
Asia, India and
Africa, as connectivity issues in
these regions have been addressed and consumer appetites have grown
rapidly for these affordable smartphones."
(Note: CPMs represent the cost per thousand mobile ad
impressions delivered, a metric that advertisers use to pay
networks that publish or show their ads).
About MiMedia: MiMedia Holdings Inc provides an AI
based next-generation consumer cloud platform that enables all
types of personal media to be secured in the cloud, accessed
seamlessly at any time, across all devices and on all operating
systems. The company's platform differentiates with its rich media
experience, robust organization tools, private sharing capabilities
and features that drive content re-engagement, many of which are
based on advanced and proprietary AI technologies. MiMedia partners
with smartphone makers and telecom carriers globally and provides
its partners with recurring revenue streams, improved customer
retention and market differentiation. The platform services
millions of engaged users around the world.
Notice regarding forward-looking statements:
This release includes forward-looking statements regarding MiMedia,
and their respective businesses, which may include, but is not
limited to, statements with respect to the completion of a
Transaction, appointment or any other decision made by the
business. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "is expected",
"expects", "scheduled", "intends", "contemplates", "anticipates",
"believes", "proposes" or variations (including negative
variations) of such words and phrases, or state that certain
actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved. Such statements are based on
the current expectations of the management of MiMedia. The
for-ward-looking events and circumstances discussed in this
release, may not occur by certain specified dates or at all and
could differ materially as a result of known and unknown risk
factors and uncertainties affecting the companies, including risks
regarding the MiMedia industry, failure to obtain regulatory or
shareholder approvals, economic factors, the equity markets
generally and risks associated with growth and competition.
Although MiMedia have attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. No forward-looking
statement can be guaranteed. Except as required by applicable
securities laws, forward-looking statements speak only as of the
date on which they are made and MiMedia undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events, or otherwise.
SOURCE MiMedia
