DGAP-News: Mr123 Plc.: Penny Auction and Gaming Company Mr123.com Plans move to 'Entry Standard' on the Frankfurt Stock Exchange 'FSE'
(firmenpresse) - DGAP-News: Mr123 Plc. / Key word(s): Miscellaneous
Mr123 Plc.: Penny Auction and Gaming Company Mr123.com Plans move to
'Entry Standard' on the Frankfurt Stock Exchange 'FSE'
02.03.2012 / 13:00
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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
buyvaluable 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.'
Contact:
Dennis G. Adamo
ABRI Global, Inc.
+357 25025049
http://www.mr123plc.de
http://www.mr123.com
Legal inquires:
Mr Robert Glass
Tel: +493080589870
Robert.glass(at)fselaw.com
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
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02.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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