The board of AppBox Media PLC said it has provided the market with an update on a series of key developments that progresses AppBox Media closer towards its vision of becoming one of world´s leading game software and mobile applications developers.
Launched in July 2013 AppBox Media has been revenue producing since July 2014. In the last six months it has secured contracts worth up to GBP2.5 million. The most recent contract is expected to earn the company GBP375,000 over the next 12 months.
Following the fully subscribed first five rounds of fund raising, AppBox Media is set to launch a 6th round on 8th February 2016 priced at GBP12.40 per Ordinary A Share of GBP1.00 each. The company intends to raise approximately GBP1,240,000 from institutional and private investors on the basis of a current Information Memorandum.
AppBox Media´s Can I Cook It? app went live in November. Owing to the popularity of this app, the company has decided to bring its North American launch forward from quarter 1 2016 to the current quarter. It is expected that Can I Cook It? will have reached over 1 million downloads by June 2016.
In October the company announced the launch of a University App development competition, The App-rentice, under the AppBox Beta brand. Two new apps have been launched under the brand. AppBox Media is currently the largest sponsor of students in London belonging to games related societies.
AppBox Media Plc is a mobile application software development company. Its products are available across Apple iOS and Google Android, and are available for instant download across smartphone and tablet devices.