Listed on Aim last week on the 11th March and broker Numis, yes Numis raised 7 million by the way of a placing. A placing I add that was over 2 times oversubscribed at only 120p per share, the present market price being 127p, and you can buy within the spread if you have a decent broker.
The firm was founded in 1999 during the dot com boom, and set up a Multiserve Platform that enables interaction between organisations and their users.

This is indeed effective for mobile, internet, picture, text, voice and web applications.

The company works by receiving information requests, identifying the type of device making the request and delivering content in a format that is compatible. This includes, sports results and ringtones, as wellas the distribution of marketing messages.

Now what is the cutting edge over rivals such as Itouch and stream?????????, well this company as the ability with its product offering to make micro payments and it can even give life information on income generated from customers. I hear you saying WOW, yes WOW indeed.

The company works with all the major networks, and secures revenues from services, development and transactional fees.

Financials

In the year to 31st of August 2003, sales trebled to 4.6 milion and profits of 453,000 were achieved so you can see there is one big mark up with this company.

The company at the moment is now enjoying revenues of over 700,000 a month due to new contract wins and an expanding market.

The company as opened an office in Atlanta in the US and the funds raised will allow roll out of it services adding marketing muscle and increasing capacity.

Theres not much news flow on this company at the moment but now I feel is the time to climb aboard before the herd are climbing all over this one.

Medium term speculative buy, and please DYOR you are responsible for the timing of your buying and selling actions.

cheers GF.

http://business.guardian.co.uk/marketforces/0,,1671492,00.html

Strong annual results from text messaging to mobile video services group 2ergo helped shares in the company gain 9p to 229.5p but market watchers were more interested in the group's announcement that it is going to spin out what some believe could be its most valuable asset.

The company has been developing a technology platform called 2safeguard which it reckons will provide the entire mobile industry with a new protocol to deliver secure payments and communications - making mobile commerce more secure than the existing credit card chip and PIN system. As Neale Graham, joint managing director, says: We think it is the Holy Grail in terms of mobile commerce.

Alongside potentially turning absolutely any mobile phone on absolutely any mobile network into the equivalent of a secure credit card, 2safeguard could be used by banks worried about online banking fraud.

Several high street banks are already testing something called two-factor digital authentication. Rather than relying on just a username and password to access an online account, some banks have been seeking to supply customers with devices that produce single use security codes. These codes must be entered alongside a customer's username and password - hence two-factor authentication. Such devices - typically a keyring-sized LCD display that shows a series of regularly changing numbers - are widely used by companies that grant employees access to their secure office network while on the road.

It is understood that 2safeguard is in talks with a number of banks about using mobile phones instead of keyrings to supply these codes.
The exact details of the demerger - slated for early next year - will not be out for a couple of weeks but 2ergo and its existing shareholders will retain a majority stake in the business. There is also likely to be a secondary fund raising.

Perhaps most intriguing will be the valution that is placed on 2safeguard. The business has not been included in the City's estimates as its technology has been in the development stages. As Teather & Greenwood pointed out in a note: This product has the potential to be transformational for 2ergo, yet because it was still in the development stages we had not yet been able to place a valuation on the product. A listing would inevitably force a valuation.