Business & Finance
Business and Finance
Business and Finance
Tue, December 21, 2010 
SANTA BARBARA, Calif.--([ BUSINESS WIRE ])--Lenco Mobile Inc. (Pink Sheets:LNCM) today announced that its wholly owned subsidiary, Lenco Technology Group Limited had acquired certain strategic assets which further enhance its mobile messaging platform, from Angelos Gateway Limited.
Making the announcement, Michael Levinsohn, Lenco Mobilea™s CEO and President, said, aWe have acquired a signaling gateway platform from Angelos Gateway Limited which is highly complementary to our existing product offering. This latest transaction provides us with a fully integrated platform that includes state of the art SMS, MMS, instant messaging and location based solutions. The benefits for our wireless carrier clients are immediate because we can offer scale and high speed messaging on one platform. As opposed to developing these solutions ourselves and losing time to market, we acquired the assets from a tried and tested team who have many years of experience in the mobile industry. As wireless carriers invest heavily in new generation platforms, such as Long Term Evolution, the volume of rich data solutions which they offer will increase.a
According to the CTIA Wireless Industry Association, carriers in the United States have invested a cumulative $295 billion in the industry since 1985 and in the next two years, further investment is required in order to deliver enhanced data services on 4G networks. The two largest carries in the United States, AT&T and Verizon are expected to invest $20 billion each in technical infrastructure to meet the demand for mobile services including MMS messaging and mobile Internet.
About Lenco Mobile Inc.
Lenco Mobile Inc. is a global developer, owner, and operator of proprietary advertising and technical platforms primarily for the high-growth mobile and online marketing sectors. The platforms provide customers including leading wireless carriers and consumer brands with turnkey solutions to attract, retain and monetize relationships with consumers. Lenco Mobile offers brand owners the ability to design, manage, and execute mobile-based marketing campaigns through MMS messaging with improved messaging throughput, better quality, and reduced bandwidth usage on a per message basis. In addition to propriety MMS messaging solutions, the Company offers products and services such as high volume internet and mobile ad-impression serving, loyalty programs, Mobi Sites, mobile greeting cards, mobile statements, online support, search and database marketing. In addition, the Companya™s Jetcast, Inc. subsidiary provides products that make Internet broadcasting profitable for broadcasters and advertisers. Jetcasta™s RadioLoyaltya", ReplaceAdsa", UniversalPlayera" and Jetcast® brand streaming products eliminate costs and increase revenue for broadcasters and increase advertisersa™ return on their advertising investment. Jetcasta™s products reach a potential Internet radio and television audience of more than 40.7 million people in the United States, and over 75 million worldwide. The Company is headquartered in the U.S. and has operations in Australia, Mexico, South Africa, South Korea, and the United Kingdom.
[ http://www.ctia.org/media/industry_info/index.cfm/AID/10316 ]
[ http://news.vzw.com/news/2010/12/pr2010-11-30a.html ]
Forward Looking Statements.
This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Actual results may differ materially from those contained in the forward-looking statements in this press release. Neither Lenco Mobile Inc. nor any company mentioned in this release undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
