Audioboom Group PLC Recent share price movement (1166A)
December 18 2014 - 2:00AM
UK Regulatory
TIDMBOOM
RNS Number : 1166A
Audioboom Group PLC
18 December 2014
18 December 2014
Audioboom Group plc
("Audioboom" of the "Company")
Recent share price movement
Audioboom (AIM: BOOM), the digital social media platform,
announces that the Company knows of no trading or operational
reason to warrant the material change in the share price
yesterday.
The Company provided a positive trading update to the market on
17 December following on from recent announcements regarding the
monetisation of the aggregated audio ad network, further new
content wins and a deal with Audible.
The Company continues to pursue its stated strategy for
growth.
Rob Proctor, CEO of Audioboom, commented, "I was disappointed to
see the fall in Audioboom's share price yesterday; recent
announcements have shown the progress we continue to make as we
turn Audioboom into a global media company.
"Following the successful launch of our iOS app which saw over
500,000 installs in just three weeks, the Company is greatly
looking forward to rolling out its latest iOS app in January 2015
and our all new Android app in February, supported by an extensive
online, offline, on air and outdoor marketing campaign throughout
Q1."
Enquiries:
Audioboom Group www.audioboomplc.com
plc
Rob Proctor, CEO Tel: 020 7403 6688
Arden Partners Tel: 020 7614 5917
plc
Chris Hardie /
Ciaran Walsh,
Corporate Finance
Walbrook PR Tel: 020 7933 8780 or
audioboom@walbrookpr.
com
Sam Allen Mob: 07884 664 686
Paul McManus Mob: 07980 541 893
About Audioboom (www.audioboom.com)
Audioboom Group plc is a SaaS based digital social media audio
platform enabling the creation, broadcast and consumption of audio
across multiple global media outlets. Audioboom works with some of
the biggest names in broadcasting across sport, entertainment and
current affairs to bring their content to millions of listeners
worldwide via Facebook, Twitter and other media platforms.
The technology allows partners to embed playlists onto their
sites and apps, use our mobile apps and functionality as listen
again players and re-syndicate their content around the web.
Audioboom also allows the monetisation of audio via the dynamic
insertion of pre and post roll advertising into content as a user
is listening, allowing contemporary advertising selection,
depending on content genre and geographic location of the user.
Audioboom has over 2,000 content partners, including the BBC,
Telegraph, Guardian, CBS, Sky Sports, Premier League, Southern
Cross Austereo, Reuters, CNBC, Universal and Fox.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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