Touchstone Gold Limited GOS Systems signs new MVNO agreement
March 23 2015 - 2:01AM
RNS Non-Regulatory
TIDMTGL
Touchstone Gold Limited
23 March 2015
Touchstone Gold Limited ("Touchstone" or the "Company")
GOS Systems signs new MVNO agreement to address expanding secure
communications service
London, 23 March 2015 - Touchstone (AIM: TGL), the AIM listed
investment company, provides an update on GOS Systems ("GOS"), a UK
security technology group recently acquired in accordance with
Touchstone's investment policy.
GOS has entered into a Mobile Virtual Network Operator (MVNO)
agreement with a British telecommunications services provider. The
MVNO agreement strengthens the GOS's capabilities in the provision
of secure communications. In particular, the MVNO status enables
GOS to integrate its mobile services more cost effectively and
extends the growth of GOS' secure voice and covert communication
management systems. Customers will benefit from a seamless,
resilient and secure communications system supported and billed by
GOS.
Jamie Ridealgh, Chief Executive Officer of GOS, said:
"We are delighted to enter into a new MNVO agreement. The
arrangements further advance our strategy of growing GOS' product
offering to existing and new customers as we focus on expanding our
global customer footprint and increasing recurring revenue. We are
well positioned to benefit from a sizeable and growing number of
customers already choosing GOS, and we see firm opportunities in
both the near and medium term to further accelerate our
growth."
Franz Forrester, COO of Touchstone commented:
"Following the acquisition of GOS Systems, the nature and
quality of investment opportunities that we are seeing has
increased very markedly, particularly in the area of cyber
security. We are pleased with the progress made by GOS Systems but
also wish to inform our shareholders that we continue to review new
investment opportunities."
About GOS Systems
-- GOS Systems is a UK security group providing a range of
leading-edge tactical and strategic intelligence gathering and
secure communication solutions for law enforcement, homeland
security and government agencies around the world.
-- GOS' intelligence gathering solutions provide real-time
monitoring of cellular, voice, SMS, and IMSI and IMEI metadata.
-- GOS' safe communications solution offers secure mobile
telephony services to ensure privacy and security for
customers.
For further information please contact:
Touchstone Gold Limited Tel: +44 203 301
Trevor Wells 9337
finnCap Ltd Tel: +44 20 7220
Ed Frisby / Simon 0500
Hicks
Peterhouse Corporate Tel: +44 20 7469
Finance Limited 0936
Lucy Williams
This information is provided by RNS
The company news service from the London Stock Exchange
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