Seamless signs major order with operator

- 300M subscribers now on Seamless transaction platform

Seamless (OMX: SEAM) receives its second largest order to date by new order for distribution of airtime and data for prepaid cards for mobile phones. The order comes from a large mobile and Internet provider in Africa and Seamless thereby adds another market.

he company plans to implement Seamless transaction platform, ERS 360 in order to handle distribution of airtime and data for their customers with prepaid mobile phones.

The order gives the new subsidiary Seamless Distribution Systems AB, where the transaction switch now resides, a flying start. The deal with is initially worth 1M USD and consists of eVouchers and Topups.

- We are happy to be able to communicate that our core business continues to grow with this major deal. This once again proves that we have a strong position on the market and are continuing to grow both in Africa as a market and within telecom as an industry. says Peter Fredell, CEO of Seamless.

Seamless is active within three business areas and the transaction switch is the base of all of them. To the company, Seamless will be a technology provider for distribution of e-products and topups. Seamless is also behind the mobile wallet SEQR. SEQR can be downloaded for free to all operating systems and with the application you can pay with your smartphone in stores and online using a QR-code or NFC. It also let you connect loyalty cards, store receipts digitally, pay for parking and send money.

For more information:
Elin Hammarberg, Press Contact Seamless +46 725 533 533, Elin.Hammarberg@seamless.se /www.seqr.com

This information is such information that Seamless Distribution AB (publ) is required to disclose pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instrument Trading Act. The information was released for publication on 11 11, 2014 at 07.55 am (CET).

About Us

Founded in 2001 (and previously named Seamless Distribution), Invuo Technologies is a mobile payments technology company, which provides innovative B2B mobile payment services and electronic top-up systems for the financial industry, mobile operators and retailers. Our goal is to maximise value for shareholders while making positive contributions to the technology sphere.

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