Today's Featured Trading Idea for 03/29/11 Headline News Spot Mobile International, Ltd. Begins Delivery of 60,000 Pre-Paid GSM Based SIM Cards for Its Distribution Partners MIAMI, FL--(Marketwire - March 29, 2011) - Spot Mobile International Ltd. ("Spot Mobile") (OTC: RPID), a mobile virtual network operator offering prepaid wireless service, today announced that it has begun delivery of 60,000 SIM cards for its distribution partners to replenish initial orders, and support our growing customer base. The company expects the 60,000 SIM cards will be used for stocking over 2,000 retail outlets serviced by its distributors. These retail outlets include independent wireless stores, convenience stores, gas stations, bodegas, kiosks and airports. Management plans a progressive deployment to additional outlets serviced by its distributors in the coming quarters, as Spot Mobile continues to build its customer base by providing nationwide prepaid talk, text and data services, and discounted direct dial international calling, supported by the AT&T and T-Mobile networks. |
|
Company and Industry Details: The pre-paid cell phone market is big business and is expected soar further. According to the New Millennium Research Council, (a Washington, D.C. think tank who focuses primarily on the fields of telecommunications and technology), TWO OUT OF THREE NEW WIRELESS SUBSCRIBERS IN U.S. GO PREPAID! While we know that the 2010 statistics are even stronger, look at an earlier survey. • New prepaid cell phone subscribers accounted for nearly two thirds (65 percent) of the 4.2 million net subscribers added by U.S. phone carriers in the fourth quarter of 2009. • The prepaid segment of the wireless market grew by 17 percent in the 4th quarter of 2009 to 54.4 million subscribers, up from 46.3 million in the same quarter in 2008. By contrast, contract-based cell phone service grew only 3 percent over the same period of time. The era of cell phone penny pinching is officially here. Thanks to the recession, the U.S. cell phone marketplace continues to undergo fundamental changes that will just get bigger as the economic downturn deepens. There is an explosion in new ‘all-you-can-eat’ and unlimited prepaid deals as low as $30 and $45 that will remain attractive to consumers long after the current recession is over. Consumers are comparing these offerings to the outrageous early termination fees, expensive bandwidth-capped data plans, and ever-increasing pay-as-you-go text messaging rates on traditional postpaid plans. As such it is little wonder that consumers are turning to prepaid in ever-greater numbers, while postpaid subscriber growth remains essentially flat And as such, Spot Mobile stands to do very well as the company is quickly making inroads to take advantage of this fast-growing market. In the past few months, Spot has made its achievements known though a series of company press releases: MIAMI, FL - 02/10/2011 - Spot Mobile International Ltd. Completes Initial Shipment of 10,000 Pre-Paid GSM based SIM Cards and Handsets to Major North American Distributor --- Distributor to Initially Stock Dedicated Stores in Its U.S. Network of 15,000 Retail Outlets MIAMI, FL -- (Marketwire - 02/15/11) - Spot Mobile International Ltd.'s Major North American Distribution Partner Commences Rollout of Its GSM based Pre-Paid Handsets and SIM Cards to First 1,000 Retail Outlets in the U.S. MIAMI, FL--(Marketwire - 02/22/11) - Spot Mobile International Ltd. adds Second U.S. Distribution Partner Servicing 5,000 Locations and Expands Its Current Footprint to 20,000 Retail Outlets --- Management expects revenue from immediate shipments of its prepaid GSM based handsets and SIM cards to this distributor beginning in the current quarter. |
No comments:
Post a Comment