Trading Statement


 

TIDMMBO 
 
RNS Number : 7771T 
MobilityOne Limited 
12 June 2009 
 

MobilityOne Limited 
("MobilityOne" or the "Company") 
 
 
Trading Update 
 
 
The Company wishes to announce that when it announces the full year results for 
the year ended 31 December 2008 it expects to report a loss far below market 
expectations. Currently the unaudited accounts indicate a loss of approximately 
GBP880k on turnover of approximately GBP12.5 million both figures being subject 
to finalisation by the auditors. The demand for the Group's products and 
services has been affected by the weak business sentiment and some projects and 
expansion plans have been delayed. In addition to the poor trading conditions 
the loss was compounded by provisions for impairment and write down of assets. 
 
 
The Company foresees that its performance throughout 2009 shall remain 
challenging. Nevertheless, the Group will continue to maintain its focus on 
developing innovative solutions through Research & Development and to grow and 
diversify its range of services in order to place the Group on a stronger 
footing to capitalise on future prospects. 
 
 
A full update and the final audited accounts will be provided with the full year 
results ended 31 December 2008 which are expected to be released on 26 June 
2009. 
 
 
- ends - 
 
 
For further information, please contact: 
 
 
MobilityOne      +6 03 6286 1999 
Hussian A. Rahman, CEOwww.mobilityone.com.my 
har@mobilityone.com.my 
 
 
HB Corporate      +44 (0)20 7510 8600 
Luke Cairns 
 
 
Threadneedle Communications      +44 (0) 20 7653 9850 
Graham Herring 
Josh Royston 
 
 
About the Group: 
 
 
MobilityOne is the holding company of an established group of companies in the 
business of providing e-commerce infrastructure payment solutions and platforms 
through their proprietary technology solutions, which are marketed under the 
brands MoCS and ABOSSE. 
 
 
The Group has developed an end-to-end e-commerce solution which connects various 
service providers across several industries such as banking, telecommunication 
and transportation through multiple distribution devices such as EDC terminals, 
short messaging services, automated teller machines, and Internet banking. 
 
 
The Group's technology platform is flexible, scalable and has been designed to 
facilitate cash, debit card and credit card transactions from multiple devices 
while controlling and monitoring the distribution of different products and 
services. 
 
 
For more information, please refer to our website at www.mobilityone.com.my 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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