MySQUAR Limited Product Launch (8954S)
December 29 2016 - 1:00AM
UK Regulatory
TIDMMYSQ
RNS Number : 8954S
MySQUAR Limited
29 December 2016
MySQUAR Limited ("MySQUAR" or the "Company")
MySQUAR's update regarding releases of new game and VoIP
application
MySQUAR, the Myanmar-language social media, entertainment and
payments platform whose principal activity is to design, develop
and commercialise Myanmar-focused internet-based mobile
applications, is delighted to announce that the new game
ChakraNinja has been fully launched and the VoIP application
CallHome has been soft-launched in the last week of December
2016.
Gaming Business
ChakraNinja is based on Naruto, one of the most successful
Japanese manga comic characters of all time. Naruto, an adolescent
ninja, is already a highly popular character in Myanmar via TV,
films and books. ChakraNinja will benefit from the existing user
base of other games and of MyChat, the chat and social networking
application of MySQUAR.
Forthcoming releases during Q1-2017 will include further new
hardcore games now planned for release in February and March and a
platform of multiple casual games targeted for release in mid
January.
VoIP Service
The Company's VoIP application, which is branded as CallHome,
offers both on-net calls (app to app) and off-net calls (app to
mobile phones and landlines). The services will target the Myanmar
market and also South East Asia countries, such as Thailand,
Singapore, and Malaysia, where many Myanmar people live.
Eric Schaer, CEO of MySQUAR, said: "It will be exciting to watch
as ChakraNinja leverages both the celebrity of the Naruto character
and MySQUAR's existing user base. Its anticipated popularity will
in turn increase the prospects for the new game launches in early
2017 and beyond. Our new CallHome VoIP app has the potential to
become a major revenue earner. The service can dramatically reduce
the cost of calls compared with traditional call methods,
particularly for the millions of Myanmar people calling home from
overseas. These new product launches are an excellent way to end
this year and enter 2017 and underline our commitment to keep
pushing towards rapid monetisation."
For further information:
MySQUAR Limited
Eric Schaer (Chief Executive) Tel: +65 6818
6089
Pham Dang Hung (CFO)
SP Angel Corporate Finance
LLP
Nominated Adviser Tel: +44 (0) 203
470 0470
Stuart Gledhill/Laura
Harrison
Beaufort Securities Limited
Joint Broker Tel: +44 (0) 207
Jon Belliss/Elliot Hance 382 8300
Mirabaud Securities LLP
Joint Broker
Edward Haig-Thomas/Peter Tel: +44 (0)20
Krens 7878 3447
Public Relations Tel: +44 (0) 7816
Damien McCrystal 770 758
damien@mccrystal.info
This information is provided by RNS
The company news service from the London Stock Exchange
END
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