We have this week finalised negotiations and entered into firm and mutually binding agreements as follows;
With WaveCrest we have entered into an agreement to provide us with an innovative and completely Mowjow branded and integrated mobile wallet with full capabilities to load and withdraw from bank accounts, Visa and MasterCard. This will make payments a totally integrated process and will create a seamless user experience. The WaveCrest management is one of the most experienced gaming team in the world and we are really confident their expertise will be of great advantage to Mowjow and its players.
With Rackspace we have entered into a significantly enhanced agreement to provide us with world-class server and hosting facilities that is engineered and tailored to handle the explosive amount of traffic we expect from millions of users. The setup and security provisions we have in place will make Mowjow lightening fast and securely available across the globe. This embodies our global ambitions!
Finally, with Mangold in Stockholm we have today signed an agreement whereby Mowjow appoints and Mangold agrees to act as Certified Adviser to list Mowjow at the Nasdaq OMX First North market in Stockholm. Nasdaq OMX First North has been chosen because of the larger trading liquidity over GXG, as well as the strong Nasdaq brand coupled with the long term goal to advance to a more senior segment of Nasdaq. Mangold is one of Sweden's largest independent corporate finance houses and the largest Certified Adviser on Nasdaq OMX First North market.
In connection with the listing we have also appointed Bird & Bird to act as our legal advisers. Bird & Bird is one of the leading global legal firms.
The pre-launch is ready to go when the mobile wallet has been setup, tested and passed compliance. This is a comprehensive process involving third parties like banks, Visa and MasterCard. However, we are pushing this swiftly forward and we anticipate around two weeks.
Regarding the listing, we have today finally received the Mowjow accounts audited by September 30, 2013 and we are now immediately proceeding with the final application and legal due diligence. Nasdaq has communicated they will endeavour a swift process from their side. We expect this listing to take place within a timeframe of four weeks.
Last week, I attended the annual Web Summit in Dublin where 10,000 of the greatest technology brains and investors gathered to share throughs and seek opportunities. In conclusion, Mowjow has a really great and well engineered concept, including a razor sharp monetisation model, which is a major weak spot for many start-ups. I met with our partners in Getty Images and many more great people: in short, Mowjow is now getting attention!
All in all Mowjow is proceeding diligently forward and the outlook is amazing. With Facebook releasing record mobile earnings, Twitter’s IPO skyrocket and SuperCell's record valuation, the mobile space is definitely "the hottest industry".
As we are ramping up for launch and listing we continue to offer shares. The share price is now €0.75 and we encourage all our investors to endeavour to increase our shareholder base as this will grow our reach and make your investments more valuable.
Please don't hesitate to contact me or any of my team in Mowjow.
Have a great weekend!
Founder, Chairman & CEO of MOWJOW
This newsletter was originally published on November 8, 2013.