MOKO Social Media Ltd. (NASDAQ:MOKO) is a social media digital and mobile apps platform used to compliment social media giants such as Facebook (NASDAQ:FB). The company buzz is picking up as it just released news reviewing their quarterly highlights, and MOKO extends their contract with the IMLeagues, which is used as a mobile app for Colleges and Universities’ intramural sport leagues.
The finalized structured deal between MOKO and the IMLeagues is crucial from the company’s view. By building their exclusive control of the mobile information and App rights, MOKO’s administration with IML is protected. The company can now dedicate more outlets in teaming up with IML to continue the growth of REC*ITs efficiency and further define themselves within the upper echelon of our nation’s college sports and recreation forum. MOKO is already being contacted by other media and tech businesses, as well as rights management groups, which are devoted to breaking new ground on ways to work with MOKO to achieve this “want” for the university student demographic. The new agreement with the IMLeagues also helps get rid of some obstacles and will bring initiative to expand REC*IT further than it’s current scope. This will allow MOKO to go after other deals that focus on student activities on campus and other community and adult sports and leisure management. The company is planning to release a statement pertaining to this topic in the near future.
MOKO’s Political Team is growing, its’ reach is steadily expanding and their belief is the partnership with the Netroots Nation event is a firm sign that BNR is beginning to be noticed as a major contender in digital media all throughout political areas.
One of MOKO’s goals they have stated is reaching no less than 10 million Monthly Active Users by the conclusion of 2015. Also with some of the developments mentioned above the company is speeding up its activity to achieve this goal. At the end of January, MOKO was able to attain just over 5 million MAU’s and they look to expand this during the current quarter as they release REC*IT and Speakiesy. The company’s cash burn is within their budgeted projections as they expect to receive a $1 million this quarter as MOKO’s R&D rebate. They have acknowledged and stabilized the crucial senior personnel and they are about bulk up there executive team anticipated for the next month or so.
About MOKO Social Media Ltd
Moko Social Media Limited, together with its subsidiaries, engages in the digital publishing of mobile applications for youth and young adult customers. The company operates through Mobile Social, Mobile Advertising, and Mobile Commerce segments. The company provides proprietary mobile social networks and community/chat products, as well as owns proprietary mobile performance ad network for various industry sectors, such as Mobile Games, Mobile Apps, and Financial Services. It also provides digital publishing services that enable advertisers to place their ads on its properties; and mobile community development services. In addition, the company operates an e-commerce platform, which offers online and flash sales of products, as well as sells merchant products to customers. It operates in Australia, the United States, Europe, and Asia. The company was formerly known as MOKO.mobi Limited and changed its name to Moko Social Media Limited in September 2013. Moko Social Media Limited is based in Highgate, Australia.