MIAMI and TORONTO, June 17 /PRNewswire-FirstCall/ - MyScreen Mobile Inc. (MyScreen) (PINKSHEETS: MYSL)(FRANKFURT: WICI), a global provider of interactive mobile advertising services, today announced it has completed the second stage of the financing arrangement previously announced with Global Financial Enterprises LLC (GFE).
MyScreen's patent-pending technology platform delivers full-screen advertisements to the mobile phones of opt-in subscribers and provides them with rewards such as free services, special offers and discounts.
The investment follows MyScreen's successful August 2009 product trial in Turkey.
"MyScreen's successful trial in Turkey confirms it provides the best platform for consumers to interact with their favorite brands and for advertisers to deliver highly targeted ads to subscribers," said Yilmaz Kalkavan, a GFE member/owner.
Added Sam Halim, a GFE managing member/owner: "We are delighted to establish financial and business partnerships with MyScreen and support its roll-out in Turkey, the Middle East and other geographies and look forward to further investing in this cutting edge technology."
Seraf Akin, another GFE member/owner, said that GFE is very confident in its investment. "MyScreen has great potential in these markets as well as others and offers a unique advertising platform," Akin said.
Maurizio Angelone, CEO of MyScreen, said the company shares GFE's enthusiasm with the partnership. "Global Financial Enterprises is an ideal investment partner for MyScreen based on its financial and intellectual capital," he continued "Their intimate knowledge of the Turkish and Middle East markets will be invaluable for our success there. We look forward to expanding our partnership in other regions as well."
Angelone said MyScreen differs from the other mobile advertising vehicles currently available, as MyScreen's ads are:
- Full-screen, visually engaging graphics that convey the advertisers' brand image - Delivered in a non-shared advertising environment that provides brand exclusivity. MyScreen ads are delivered at the end of every call, creating much better visibility than SMS texts and banner ads. Banner ads are only visible to consumers while they browse the Internet. - Designed to enable consumers to respond directly to the ads with MyScreen's proprietary "ad value hot keys" functionality. MyScreen ads have generated click thru rates (CTR's) that exceeded 20 percent. MyScreen greatly outperforms Internet CTR's, which are widely known to average less than 1 percent. According to the latest industry data, the average CTR is only .1 percent. - Individually targeted to match each subscriber's self-created demographic and psychographic profiles, making the ads highly relevant to their unique interests and lifestyles - Incentive-based, with subscribers accumulating reward points for every ad they view on their phones. Points are redeemed in the form of free and bonus telecom services. Exclusive "made-for-MyScreen" offers, such as free trial products or special promotional pricing, are provided by participating advertisers
Moreover, MyScreen's mobile advertising solution is designed to integrate seamlessly without interrupting users' regular call behaviors. Subscribers choose the type of content and ads they receive from categories such as sports, entertainment, lifestyle and health. Advertisers can use MyScreen's unique "ad value hot keys" to raise brand awareness, launch products and services, promote special offers, generate traffic to retail locations, improve customer loyalty and drive sales. MyScreen currently has a potential 182 million mobile subscribers under contract worldwide and expects that number to jump to almost 500 million during the next 12 months.
About Global Financial Enterprises LLC
Global Financial Enterprises LLC (GFE) is managed and owned by Sam Halim, Yilmaz Kalkavan, and the Akin family. The company is capitalized privately and looks for strategic investments in cutting-edge technology and healthcare sectors. The company's owners have over 50 years of financial and investment experience. The company and its owners have strong strategic alliances as well as strong capital resources and partners in Turkey, the Middle East, and Europe.
MyScreen (PINK SHEETS: MYSL) (FRANKFURT: WICI) is a first-of-a-kind mobile advertising technology platform that provides advertisers with a new channel for reaching consumers. Its unique patent-pending technology delivers full-screen, incentive-based ads directly to the mobile phones of opt-in subscribers. The visually engaging ads target subscribers based on their demographic and psychographic profiles and provide them with rewards such as free services, special offers and discounts. As mobile innovators, MyScreen has forged extensive advertiser and operator relationships and functions as an industry advocate. Through its mobile marketing consultancy, the MyScreen Agency, the company collaborates with traditional ad agencies and brand advertisers to optimize their mobile advertising programs. For more information, visit www.MyScreen.com.
SOURCE Myscreen Mobile Inc.