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KNeoMedia starts new chapter


Published 02-MAY-2016 15:35 P.M.


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KNeoMedia has told shareholders that it is making excellent progress with the roll-out and further development of its edutainment channels in Australia, China, US and now the UK.

This rollout saw sales of $50,000 booked for the month of April and the Company feel this trend will continue despite recording only modest revenue for the previous quarter.

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April revenue outstrips anything previously recorded and is seen as a direct result of the rapidly growing uptake of the product in key regions.

Following a recently completed capital raising of $812,000 the Board feels it is in a strong position to drive further revenue growth.

“While revenue to the end of the March quarter has been modest, the $50,000 revenue booked to for the month of April is extremely pleasing and demonstrates the uptake we are now achieving for our educational products in a number of key regions,” KNM CEO James Kellett said.

“As previously communicated to shareholders, through the ongoing roll-out and continuing channel marketing strategy that we are undertaking for our edutainment products in major markets, we are confident that KNeoMedia will create meaningful revenue streams across a variety of platforms.”

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