mporium Group PLC – Update on Revenue and the Allay Agreement

mporium Group PLC – Update on Revenue and the Allay Agreement

Mporium Group plc (AIM: MPM), the technology firm delivering event-driven marketing, is pleased to provide further insight regarding the Allay Agreement and an update on revenues.

  • Mporium has taken on responsibility as Allay’s exclusive supplier of customer acquisition and lead generation via digital platforms for breaches of consumer regulation.
  • Customer acquisition and lead generation on behalf of Allay has started strongly and is already yielding significant benefits.
  • Across its businesses, Mporium has billed revenues in excess of £1.0 million for each of the past two weeks. For comparison, H1 2018 revenues totalled £1.2 million.
  • Mporium expects strong growth in the demand for lead generation in the Consumer regulation market, due to the increasing standardisation and prescriptive compensation across many verticals including Packaged Bank Accounts and flight compensation.

A presentation containing further information relating to Mporium is now available on the Company’s website www.mporium.com/investors/news/Company_Update_20190212.pdf.

Nelius De Groot, CEO of Mporium said: “We are delighted that the Agreement has achieved such strong support from our Shareholders. This is a transformational deal for Mporium, and the benefits of this partnership are already visible in the increased revenues that we are billing. The growth of consumer regulation is a global phenomenon and this Agreement provides Mporium with a critical footprint in lead generation within the consumer regulation sector.”

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