Seamless transaction platform incorporated in subsidiary

Seamless creates Seamless Distribution Systems AB, a wholly owned subsidiary of Seamless Distribution AB. Seamless traditional business as an IT provider of transaction platform ERS 360 will be relocated to the new subsidiary. The relocation of the transaction platform is part of the company's strategic work to increase flexibility within the group.

Seamless launches its new subsidiary, Seamless Distribution Systems AB, where Seamless traditional business as an IT provider of the transaction platform ERS 360 will be relocated. The relocation will be conducted this autumn and is part of Seamless' aims to raise efficiency from a strategic perspective. Tommy Eriksson, former CTO of Seamless, is appointed CEO of Seamless Distribution Systems AB.

- The relocation of the transaction platform to our new subsidiary Seamless Distribution Systems AB is in line with our overall strategic plan. We are streamlining this business area with the aim to increase our flexibility and our ability to take advantage of profitable opportunities in the groups' operations. says Peter Fredell, CEO Seamless.

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 November 2014 at 07.50

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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