Monday 11th August 2014 |
Text too small? |
VMob Group said McDonald's will use its mobile voucher platform for its 3,200 restaurants in Japan, adding to sales to the fast-food giant in the Netherlands and Sweden.
Shares of the NZAX-listed company jumped 25 percent to 1.5 cents, valuing the company at $18.9 million, having shed about 53 percent this year.
Auckland-based VMob completed a backdoor listing on to the stock exchange's small-cap NZAX in 2012 using the shell company Velo Capital. Since then it has regularly raised capital by issuing shares, and currently has about 1.26 billion on issue. The company is about one-third owned by the family of chief executive Scott Bradley.
VMob, formerly VoucherMob, was set up in 2010 by Bradley. Other customers include Esso Norway, Spark, Vodafone and 2Degrees, and it has a partnership with Loyalty New Zealand for its Fly Buys mobile programme.
BusinessDesk.co.nz
No comments yet
SPG - Change to Executive Team
BGI - Forgiveness of $200,000 of secured indebtedness
General Capital Subsidiary General Finance Market Update
AFT,Massey Ventures,Gilles McIndoe to develop scar treatmen
April 24th Morning Report
Cheers to many fewer grape harvest spills
GTK - Half-Year Results Announcement Date
Government ends war on farming
Sky and BBC Studios renew expanded, multi-year agreement
AOF - Q1 Improved Trading Performance & FY24 Guidance Maintained