Mr123 Plc.
Mr123 Plc.: Penny Auction and Gaming Company Mr123.com Plans move to ‘Entry Standard’ on the Frankfurt Stock Exchange ‘FSE’
Mr123 Plc. / Key word(s): Miscellaneous MR1 – (MR1.F – WKN: A1JJ5G) Penny Auction and Gaming Company Mr123.com Plans move to 'Entry Standard' on the Frankfurt Stock Exchange 'FSE' – The Company's legacy services in Scandinavia will expand to key Central European markets, such as Germany, Poland, Austria and Hungary, in 2012. – Company is actively seeking M&A opportunities in the fields of penny auctions and online casino gaming, sports betting and lottery's. – The Company currently has over 600,000 users, in 5 markets. Limassol, Cyprus, March 2, 2012 -Mr123, Plc. (MR1.F – WKN: A1JJ5G), the Isle of Man based company and owner of mr123.com intends to upgrade on the FSE to 'Entry Standard' in the next few weeks, subject to acceptance of pending prospectus. The Regulated Unofficial Market is also referred to as the Exchange Regulated Market (or the Open Market) because it is self-regulated by the Frankfurt Stock Exchange itself, not by the EU. Entry Standard belongs to the Regulated Unofficial Market whereas the General and Prime Standard belong to the Regulated Market. Many companies enter the market on the First Quotation Board with a short term goal of graduating to the Entry Standard and a long term goal of graduating to the General or Prime Standard segments, once they qualify. ' We feel that the time is right offer our company alongside great brands on the FSE, 'Standard Entry', as the new regulations will benefit our shareholders by implementing the higher standards for reporting and compliance. ' said founder of Mr123 Mr Jussi Mäntylä, adding: 'As we only listed recently, this is much more important step for our shareholder faith, trust and transparency.' Penny Auction, Online Casino, Sports Betting and Lottery gaming companies have been target of private placements over past years but not available in public exchanges. Mr123.com has up to date generated over EUR 10 million in sales since 2008 according to confirmed IFRS accounts of the companies providing the service. Company sees gaming as a natural extension to auction service and is actively looking for an effective way to offer a broader range of gaming products with full European license to its customers. Story Behind Mr123 'We are the world's first penny bid auction site and our story begins in Finland in early 2008, where we thought up a great new way to sell valuable products in an exciting and inexpensive fashion. The company was very soon one of the fastest growing IT-companies in Scandinavia. The system works by placing a penny bid on a product and competing against other bidders until the pennies run out. Thus the purchase price of Automobiles, Consumer Goods, Computers, Mobile Phones becomes extremely cheap, typically 95% discount compared to retail price. The company generates revenue by providing potential bidders with virtual pennies that are used to bid on products. There are several tiers of purchasing, for more information please see www.mr123.com. The idea of penny / cent auctions was widely covered by the media and sparked great interest in our users as tens of thousands of people could buy valuable products with pocket change. Three years down the line and the innovation has now spread throughout the world, providing joy and excitement to millions of people! Today we are an international company operating in several countries and our headquarters are situated in Limassol, Cyprus. You can find our contact details below.'
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Legal inquires: This document does not constitute an offer of securities for sale in the U.S. Securities may not be offered or sold in the U.S. absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Neither Mr.123.com nor any selling shareholder intends to register any portion of an offering of securities of MR.123.COM in the U.S. or to conduct a public offering of securities of Mr.123.com in the U.S. Any public offering of securities in the United States would be made by means of a prospectus that could be obtained from the issuer or selling security holder and that would contain detailed information about the company and management, as well as financial statements. This document is not a prospectus pursuant to art. 652a of the Swiss Code of Obligations or art. 32 et seq. of the SWX Swiss Exchange Listing Rules. A decision to invest in shares of Mr.123.com should be based exclusively on the prospectus which would be published by the company for such purpose. An investment decision regarding any publicly offered securities of Mr.123.com should only be made on the basis of the securities prospectus which would be published and which would be available free of charge. This communication is directed only at persons (I) who are outside the United Kingdom or (II) who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the 'Order') or (III) who fall within article 49(2)(a) to (d) ('high net worth companies, unincorporated associations etc.') of the Order (all such persons together being referred to as 'Relevant Persons'). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. End of Corporate News 02.03.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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