22nd Jul 2015 08:27
LONDON (Alliance News) - Mobile services company MySQUAR Ltd said Wednesday it has seen user numbers for its products grow to over one million.
As of last Friday user numbers were over a million, up 29% from 774,636 at the end of May, and around 10% since the end of June.
"This is a very significant milestone in the company's progress. The rate of user acquisition has developed ahead of the company's expectations as Myanmar's population continues to embrace smartphones and the internet at a prodigious rate," said Chief Executive Officer Eric Schaer in a statement.
"Passing the one million mark is important in how MySQUAR's services are viewed, not only by our users but also by potential commercial partners, and we look forward to providing further updates in respect of both user numbers and commercial developments in due course," Schaer added.
Shares in MySQUAR are trading down 2.2% at 9.05 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Mysquar