Velti PLC (VEL.LN), a global provider of mobile marketing and advertising technology, announced Tuesday it has won significant contracts with several large mobile telecommunications operators and expects the combined contract wins to contribute around $10 million in revenue in the fourth quarter of 2010.

MAIN FACTS:

-Customer wins include: top global operators T-Mobile, Vodafone Group PLC (VOD.LN), MTS, O2 Orange, Qatar Telecom (Qtel), Zain, Orascom Group's Mobilink & Djezzy Etisalat, Mobinil, and Globalcom (Glo).

-The wins represent a mix of new business from operators Velti has worked with in the past as well as new customers.

-To deliver these campaigns, Velti is leveraging Velti mGage(TM) - its carrier grade Software-as-a-Service (SaaS)-based mobile marketing platform.

-Shares closed Monday at 479.0 pence.

By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com
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