TIDMBOOM

RNS Number : 1166A

Audioboom Group PLC

18 December 2014

18 December 2014

Audioboom Group plc

("Audioboom" of the "Company")

Recent share price movement

Audioboom (AIM: BOOM), the digital social media platform, announces that the Company knows of no trading or operational reason to warrant the material change in the share price yesterday.

The Company provided a positive trading update to the market on 17 December following on from recent announcements regarding the monetisation of the aggregated audio ad network, further new content wins and a deal with Audible.

The Company continues to pursue its stated strategy for growth.

Rob Proctor, CEO of Audioboom, commented, "I was disappointed to see the fall in Audioboom's share price yesterday; recent announcements have shown the progress we continue to make as we turn Audioboom into a global media company.

"Following the successful launch of our iOS app which saw over 500,000 installs in just three weeks, the Company is greatly looking forward to rolling out its latest iOS app in January 2015 and our all new Android app in February, supported by an extensive online, offline, on air and outdoor marketing campaign throughout Q1."

Enquiries:

 
                                       Audioboom Group                                            www.audioboomplc.com 
                                       plc 
                                       Rob Proctor, CEO                                             Tel: 020 7403 6688 
 
                                       Arden Partners                                               Tel: 020 7614 5917 
                                       plc 
                                       Chris Hardie / 
                                       Ciaran Walsh, 
                                       Corporate Finance 
 
                                       Walbrook PR                                               Tel: 020 7933 8780 or 
                                                                                                 audioboom@walbrookpr. 
                                                                                                                   com 
                                       Sam Allen                                                    Mob: 07884 664 686 
                                       Paul McManus                                                 Mob: 07980 541 893

About Audioboom (www.audioboom.com)

Audioboom Group plc is a SaaS based digital social media audio platform enabling the creation, broadcast and consumption of audio across multiple global media outlets. Audioboom works with some of the biggest names in broadcasting across sport, entertainment and current affairs to bring their content to millions of listeners worldwide via Facebook, Twitter and other media platforms.

The technology allows partners to embed playlists onto their sites and apps, use our mobile apps and functionality as listen again players and re-syndicate their content around the web.

Audioboom also allows the monetisation of audio via the dynamic insertion of pre and post roll advertising into content as a user is listening, allowing contemporary advertising selection, depending on content genre and geographic location of the user.

Audioboom has over 2,000 content partners, including the BBC, Telegraph, Guardian, CBS, Sky Sports, Premier League, Southern Cross Austereo, Reuters, CNBC, Universal and Fox.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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