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ORCODA LIMITED — Capital/Financing Update 2015
Sep 22, 2015
65482_rns_2015-09-22_9ecce497-0e2a-4bae-b719-3f8bd5f294f5.pdf
Capital/Financing Update
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SmartTrans)continues)to)diversify)revenue)base)with)Love)Finance) sales)growing)to)AUD$50,000)per)month)
- Love)Finance)achieving)strong)uptake)with)China)Telecom)mobile)customers)
SmartTrans)Holdings)Limited)
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Subscriptions)underpin)growth)adding)passive)and)recurring)revenue)streams))
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RollTout)of)Love)Finance)progressing)to)additional)provinces))
ASX:)SMA)
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Consumer)demand)for)mobile)content)continues)to)grow)in)China[1]
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SmartTrans)on)track)for)record)quarter)of)revenue)in)first)quarter)of)FY2016)
An)Australian)based)) Technology)Solutions)Company)
Corporate)Structure:
Shares!on!issue:! 2206!M! !!!!!!Unlisted!Options:! !!!!!!!!!166!M! Market!Cap:!!!!!!!!!!!!!!$AUD!66!M! 52!week!high:!! 3.8!cents! 52!week!low:!! 0.9!cents!
Directors:)
Dr.)Geoff)Raby) NonFExecutive!Chairman!
Mr)Bryan)Carr) CEO!&!Managing!Director!
Mr)Andrew)Forsyth) NonFExecutive!Director!
Mr)Yui)(Ian))Tang) NonFExecutive!Director!
Mr)Greg)Simpson) NonFExecutive!Director!
Mr)Ian)Hawkins) !Executive!Director!
Melbourne)Office:) Level!1,!10!Queens!Road!St!Kilda! Melbourne!VIC!2000!Australia!!
Beijing)Office:) Room!101!Building!22!Courtyard!4! Gong!Ti!Bei!Lu!Chaoyang!District!! Beijing!100027!PR!China!
Phone)(Aus):) +61!(03)!9866!7333! Phone)(China):) +86!(10)!6500!0910! Website:) www.smarttrans.com.au
Twitter:)
23) September) 2015: ! Mobile! and! online! payments! platform! and! logistics! software! provider! SmartTrans)Holdings)Limited (ASX:)SMA))(‘SmartTrans’)or)‘the)Company’) !is!pleased!to!report! continuing!diversification!of!its!product!and!revenue!base!with!its!Love!Finance!News!service!now! generating!monthly!revenue!of!approximately!AUD$50,000.!
Love!Finance!was!launched!in!June!2015!in!collaboration!with!China!Telecom!and!Ta!Kung!Pao,! China’s!oldest!established!and!first!online!newspaper[2] .!Since!launch,!the!product!has!undergone! market! testing! and! verification! to! ensure! content! and! the! product! experience! is! aligned! with! consumer!demand.!!
The! success! and! uptake! of! Love! Finance! further! verifies! the! reliability! and! performance! of! SmartTrans’! SmartPay! mobile! platform! and! the! company’s! ability! to! rapidly! distribute! mobile! content!through!its!well!established!telecommunication!partnerships!in!China.!!
Like!revenue!derived!from!the!other!subscription!services!that!the!Company!promotes!and!sells! under!its!SmartPay!banner,!the!revenue!earned!by!SmartTrans!from!monthly!subscriptions!to!the! Love! Finance! service! is! passive! and! recurring! in! nature! and! adds! to! revenue! earned! from! numerous!games!and!Apps.!
Having! now! developed! and! refined! Love! Finance,! which! was! initially! launched! in! Hubei,! SmartTrans!is!now!in!advanced!discussions!with!China!Telecom!to!strategically!roll!the!service!out! into!additional!provinces!and!so!promote!the!product!to!the!telco’s!broader!subscriber!base!of! 191!million!customers[3] .!
SmartTrans!Managing!Director,!Bryan!Carr,!commented:!“The!development!and!delivery!of!the! Love!Finance!product!has!been!a!great!success!and!is!progressing!as!we!had!hoped.!The!fact!that! this!product!is!generating!revenue!of!$50,000!a!month!as!a!monthly!subscription!service!is!a!good! indication!of!future!revenue!growth!from!this!product!alone.!!We!certainly!anticipate!revenue! growing!as!we!execute!further!roll!outs!in!new!provinces.”!
“Moreover,! this! significantly! adds! to! our! successful! subscription! billing! portfolio,! providing! SmartTrans!with!a!solid!platform!of!passive!and!recurring!revenue!to!underpin!future!growth!and! development.”!
“Consumer!demand!for!mobile!content!in!China!continues!to!grow!as!more!and!more!consumers! transact!through!smartphone!and!mobile!devices.!This!trend!is!set!to!continue!as!more!content! becomes!available!through!mobile!devices.!!!
Mr!Carr!added!that!SmartTrans’!first!quarter!revenue!of!FY2016!is!expected!to!be!a!record!for!the! company,!aided!by!continuing!diversification!and!growth!of!product!sold!through!the!SmartPay! platform!and!the!expansion!of!billing!agreements!into!new!provinces.!The!company!expects!to! update!shareholders!in!midFOctober!on!first!quarter!revenue!performance,!and!other!revenueF generating!initiatives!that!it!is!progressing.!!
www.twitter.com/SmartTrans_SMA
–)ENDS)–)
1.#Source:#www.businesswire.com/news/home/20150901006523/en/Research;Markets;Global;Mobile;Payment;Methods;Market#.Ve1YG7QdJFI##
2.#Source:#www.takungpao.com#3.#Source:#www.chinatelecom;h.com/en#
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For)Further)information)please)contact:)
About)SmartTrans)
Bryan)Carr) Managing)Director)) SmartTrans#Holdings#Limited#(ASX:#SMA)#is#a#leading#Australian#technology#and#software#provider# AUST:)+61)412)111)968)) that#has#developed#a#mobile#and#online#billing#and#payment#platform#for#the#China#market.#The# company#has#agreements#in#place#with#China#Mobile,#China#Unicom,#China#Telecom,#UnionPay#and# CHINA:)+86)138)1188)8401) Alipay.#With#the#growing#use#of#the#smartphone#as#a#billing#device#in#China,#the#company#is# experiencing#significant#uptake#of#its#technology#in#that#market.#SmartTrans#has#also#developed# Media)inquiries)to:)Ben)Jarvis,)) cutting;edge#proprietary#logistics#software#which#is#used#by#some#of#Australia’s#leading#blue;chip# Six)Degrees)Investor)Relations:)) organisations#who#have#long#term#contracts#in#place#with#the#company.#SmartTrans#is#assessing# +61)413)150)448) growth#opportunities#for#its#logistic#offering#in#China#to#complement#its#mobile#and#online# payments#platform.