cashcloud

DGAP-News: Cashcloud AG: Update on the first half of 2015

DGAP-News: Cashcloud AG / Key word(s): Half Year Results/Interim
Report
Cashcloud AG: Update on the first half of 2015

27.08.2015 / 08:05

---------------------------------------------------------------------

Corporate News of Cashcloud AG

Update on the first half of 2015

+++  Group results as planned at - CHF 2.0 million
+++  Implementation of announced capital measures is underway
+++  Unbroken growth - more than 150.000 registered users per end of July
+++  Objective: more than 200.000 registered users by the end of 2015
+++  Expansion planned in Eurozone and in countries with other currencies

Basel, August 27, 2015. Cashcloud AG announced today that it has published
Group results for the first half of 2015 at
www.cashcloud.ag/en/investor-relations/publications.html. As planned, Group
results were stated as -CHF 2.0 million.  During the first half of 2015
core shareholders provided loans of EUR 850.000 to the Corporation. Since
the beginning of the second half of the year they have provided the
Corporation an additional EUR 450.000. The average cash burn rate posted
for the first half of 2015 totaled CHF 0.3 million per month.

The implementation of the announced capital measures involving binding
financing commitments of EUR 4.3 million (conversion of shareholders' loans
and fresh capital) is underway. The subscription of new shares will take
place at EUR 8,00 per share and EUR 9,50 respectively, and will lead to the
issuance of about 518.000 new shares. Furthermore, plans call for an
additional 106.500 shares stemming from employee options to be issued
during the course of the second half of 2015.

During the period under review (January 1, 2015 to June 30, 2015) the
number of registered users rose by 85% to about 133.000, As of the end of
July the number of registered users had risen further to over 150.000,
which corresponds to the average monthly growth rate of 16% noted since the
application was launched in 2013. Cashcloud AG anticipates that the pace of
growth will further accelerate and expects to have at least 200.000
registered users by the end of 2015. Negotiations with cooperating partners
to activate the application in additional countries within the Eurozone and
in countries with other currencies - UK (GBP), Switzerland (CHF), Poland
(PLN) and Romania (RON) - are in the advanced stage.

Sven Donhuysen, founder and Chairman of the Board of Directors commented on
the development of user numbers: "Our figures show that Cashcloud is
already one of leading applications in the growing mobile eWallets market
in Europe. We expect that our planned expansion into new countries will
lead to a sharp acceleration of our growth rate."

Based on the increase in the number of registered users, Cashcloud AG plans
to generate income from operations resulting from its marketing campaigns
starting in the 3rd quarter of 2015. Corresponding revenues of CHF 6
thousand were recorded for the first time in July 2015. Olaf Taupitz, the
Managing Director of Subsidiary Company Operations noted that: "Although
these initial revenues are still at a low level, we are confident that the
strong growth of registered users will enable us to build on these revenues
and expand them in the coming quarters. We are working very hard to
convince current and potential customers about the benefits of our
innovative All-in-One-eWallet."

After Cashcloud AG took top prizes in the BankingCheck Award and FinTech
Innovation Awards during the first half of 2015, the Corporation is also
one of the finalists for the Emerging Payments Awards, as well as a
finalist for the Mobile Innovation Awards, which will be presented in
October in London. Within the framework of the planned expansion into new
countries, Cashcloud AG is also engaged in a technology project focused on
the comprehensive host card emulation (HCE) adaptation in the MasterCard
network. "This already existing contactless payment solution for Android
Smartphones using near field communication (NFC) opens new innovative
opportunities to further develop the European  mobile payments market,"
according to Taupitz.

During the second half of 2015 Cashcloud AG will place top priority on
creating the prerequisites to increase the number of registered users in
2016 and increase revenues generated by its marketing campaigns. As part of
these efforts the Corporation also plans to strengthen its governance and
management structures. Among other measures, the Corporation plans to hold
an extraordinary general shareholders meeting in the second half of 2015 to
elect Peter G. Heinz and Rainer Maurice Wunderlin as members of the Board
of Directors. The Corporation previously announced the nomination of the
two individuals on August 26, 2015.


About Cashcloud
The cashcloud solution, which has won numerous internationally recognised
awards, sets innovative standards in the fast-growing digital and mobile
payment transaction market. Available in Germany, France, Spain and the
Netherlands, the application has generated more than 150.000 registered
users already.
The solution is complemented with a prepaid MasterCard(R) and an NFC
sticker based on a partnership with MasterCard(R), making cashless and
contactless payments and money transfers between friends easier than ever
before. Cashcloud is opening up global market potential with innovative
solutions and superior technology.
The shares of Cashcloud AG (symbol: KCC; ISIN CH0132106482) are listed on
the General Standard of Deutsche Börse AG.

Contact for press: press@cashcloud.com
Contact for investors: investors@cashcloud.com, Tel. +41 (0) 616 38 40 37

Disclaimer
This announcement does not constitute an offer of securities for sale or a
solicitation of an offer to purchase securities in Cashcloud AG; it is
provided solely for purposes of information. Any information shown in this
announcement is intended exclusively for persons having their main
residence or registered office in Germany and Luxembourg. In particular,
the information in this announcement does not constitute or shall be
construed as an offer to purchase securities in Cashcloud AG for persons
having their main residence or registered office in other countries, e.g.
United States of America, Japan and Canada.
Only the information included in the approved securities prospectus of
Cashcloud AG dated May 13, 2015 is definitive for the purchase of shares in
Cashcloud AG; the securities prospectus is published on the Company's
website www.cashcloud.ag in the section "Investor Relations". The approved
securities prospectus can also be requested free of charge from Cashcloud
AG (Steinenvorstadt 13, 4051 Basel, Schweiz).



---------------------------------------------------------------------

27.08.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------


Language:    English
Company:     Cashcloud AG
             Steinenvorstadt 13
             4051 Basel
             Switzerland
Phone:       +41 61 638 2052
Fax:         +41 61 638 2025
Internet: www.cashcloud.ag
ISIN:        CH0132106482
WKN:         A14NYB
Listed:      Regulated Market in Frankfurt (General Standard);
             Regulated Unofficial Market in Stuttgart


End of News    DGAP News-Service
---------------------------------------------------------------------
389847 27.08.2015
 

 


Das könnte Sie auch interessieren: