BAAR, Switzerland, May 15, 2013 /PRNewswire/ -- One Horizon Group, Inc. (OTCQB: OHGI) ("One Horizon Group" or the "Company"), which develops software application platforms that optimize mobile voice, instant messaging and advertising communications over the Internet, today announced financial guidance for its fiscal year ended December 31, 2013.
The Company forecasts that its revenue for its full year 2013 will be in the range of $20.0 million to $24.0 million and its estimated net income margin for the full year 2013 to be in the 63% to 67% range.
Mark White, Chief Executive Officer of One Horizon Group, stated, "We are pleased to have recently announced encouraging results for the six months ended December 31, 2012 reflecting the success of Horizon Call, our mobile VoIP solution for network operators. Horizon Call is a revolutionary solution that enables users to make high quality calls over Wi-Fi or data connections including 4G, 3G, 2G/EDGE or GPRS thus dramatically reducing the expense of making overseas calls and providing inexpensive calls while roaming outside of the home country. In addition to our agreements with 14 Tier One and Tier Two carriers, we are exploring several regions and markets where our software application will have the most value-added impact on our present business."
The Company develops its financial guidance using a variety of factors that include the current macroeconomic environment, the industry in which the Company competes, and a detailed analysis of a large number of operational factors. These factors are subject to change. Although the Company's current planning and guidance expectations are consistent with management's long-term operating and business objectives, management reserves its right to reassess its guidance from time to time based on the changing factors that impact its business and operations.
About One Horizon Group, Inc.
One Horizon Group Inc.'s business is to optimize communications over the Internet through its wholly owned subsidiary, Horizon Globex, which develops and markets one of the world's most bandwidth-efficient mobile voice over Internet Protocol ("VoIP") platform for smartphones, and also offers a range of other optimized data applications including messaging and mobile advertising. It is an ISO 9001 and ISO 20000-1 certified company. The Company has operations in Switzerland, the United Kingdom, China, India, Singapore and Hong Kong. For more information on the Company, its products and services, please visit http://www.onehorizongroup.com.
Safe Harbor Statement
This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks and uncertainties include such factors as uncertainty of consumer demand for Company's products, as well as additional risks and uncertainties that are identified and described in Company's SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
CCG Investor Relations
Crocker Coulson, President
Phone: + (1) 646-213-1915
Email: [email protected]
SOURCE One Horizon Group, Inc.