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Bob Mobile AG: Online Game War2Glory grows faster than expected, Increase of capital to facilitate further growth in the games sector.
DGAP-News: Bob Mobile AG / Key word(s): Capital Increase
Bob Mobile AG: Online Game War2Glory grows faster than expected,
Increase of capital to facilitate further growth in the games sector.
07.12.2010 / 16:17
* Increase of capital with subscription right in the proportion of 6 to 1
in order to fund quicker growth in the games sector
* War2Glory growth exceeds expectations; more than 50,000 users already
* Plans for further growth with additional language versions of War2Glory
and new games
* Dividend payments will be paused for one year to facilitate growth in the
games sector
* Increasing targets 2011: clear two digit growth of revenues
The Bob Mobile AG (WKN A0HHJR, ISIN DE000A0HHJR3), 6th December 2010 - Just
A Game GmbH, founded in July 2010, is evolving even better than expected.
Within a very short period of time, more than 50,000 users have registered
for the building strategy game War2Glory, which has only been released a
few weeks ago. Currently growth continues with more than 5,000
registrations per day. Following the release of the Greek (beginning of
December) and the English (planned for mid-December) language versions,
War2Glory is expected to grow even faster. Revenue development exceeds
plan. In addition there are two more online games in the works, one a
social game and the other a free-to-play massive multiplayer online game
similar to War2Glory. Trading activities in the field of games licenses are
also developing well. Meanwhile contracts have been concluded exceeding the
sum of 650,000 Euros. As a whole the gaming unit is well on the way to
exceed the target of 1 million Euros aimed at in 2010.
Due to the success of War2Glory, Bob Mobile AG has decided to maintain the
current speed of growth and even increase it with the launch of the
additional language versions. The sales target for the games sector will be
raised to 10 million Euros for the business year 2011 (previous 5 million
Euros). In the mobile value added services unit further profitable growth
is planned. Therefore Bob Mobile expects to grow turnover again with a two
digit percentage in the business year 2011. Due to investments into
facilitating faster growth, profits will only marginally increase compared
to 2010. From 2012 onwards it is however planned to achieve structurally
higher rates of return.
For funding the faster growth, the executive board of Bob Mobile AG has,
with the approval of the supervisory board today decided, to utilize the
available allowed capital according to § 7, section 1, of the articles of
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