i-mate posts profits of USD22.5 million

In its first year of trading as a listed company on the Alternative Investment Market of the London Stock Exchange, i-mate, the Dubai headquartered specialist in Windows Mobile hardware and software solutions and services, has posted profits before tax of USD22.5 million for the year ending 31st March, 2006.

United Arab Emirates: Thursday, May 25 - 2006 at 11:43
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Jim Morrison, CEO, i-mate.

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Profit increased by 56 per cent against USD $14.3 million in 2005, while sales increased to USD $206 million, a rise of 51 per cent. Gross profit margins were 24.1 per cent.

Sales grew in Europe by 110 per cent to USD $75 million, contributing 36 per cent of global sales. During the year the company established an office in India and expanded its operations in Dubai, United Arab Emirates; Seattle, United States; and Melbourne, Australia.

Commenting on the results, Bernard Cragg, chairman of i-mate plc, said:

'i-mate™ has had an excellent year in which it expanded its portfolio, widened its distribution and maintained superior customer service. With the Microsoft® Windows Mobile® market projected to grow by more than 400 per cent, i-mate™ is in an ideal position to lead this growth. The i-mate™ brand has become recognised as a leading exponent of Microsoft based mobile technology. We look forward to 2007 with significant confidence.'

During the year ending March 2006, i-mate™ launched eight new products to include the latest wireless device capabilities and technologies. The company also developed proprietary software including the launch of i-mate™ Suite. Compatible with all Microsoft® Windows Mobile® devices, i-mate™ Suite provides complete mobile enterprise functionality including command and control, security and data back-up of wireless devices.

i-mate™ provides superior customer service through Club i-mate™, its online registered user group. During the year its membership base increased by 250 per cent to 420,000, making it one of the largest Windows Mobile® user groups in the world.

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Notes and media contacts

About i-mate™
i-mate™ (AIM: IMTE) are specialists in Windows Mobile® hardware and software solutions and services.

i-mate™'s cutting edge, customer-centric solutions offer the latest technology and device features. Its strategic relationship with Microsoft provides customers with the ultimate mobile experience for business, for pleasure, for life.

As part of its integrated solutions support, i-mate™ develops in-house leading-edge software solutions for Microsoft Windows Mobile platforms. Exclusive software products include interactive games from www.clubimate.com and i-mate™ Suite (www.imatesuite.com) a solution that allows Windows Mobile users and enterprises alike to take total command and control of their data and Windows Mobile devices securely anytime, anywhere.

Club i-mate™ - i-mate™'s device-owner dedicated portal - provides 24/7 multi-lingual technical support and value-added offerings such as subsidised software and systems updates to help customers take full advantage of their i-mate™ devices. Club i-mate™ is one of the largest Windows Mobile user groups in the world today.

Every i-mate™ device comes packed with advanced features including Windows Media Player Mobile, MSN Messenger, Word Mobile, Outlook and Excel Mobile.

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

Contact Details:

i-mate™:
Nadine Salem
Marketing Manager - Middle East
Tel: +971 (0)4 390 1989
Fax: +971 (0)4 390 4428

For media information:
Laura Scorza, Hill & Knowlton
Tel 971 4 3344930, fax 971 4 3344923

Posted by Anne-Birte Stensgaard, Senior News Editor
Thursday, May 25 - 2006 at 11:43 UAE local time (GMT+4)

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This Article was updated on Saturday, October 21 - 2006

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