MOB, the stock for 2005

Market Report-
Shares in MonsterMob added 5.25p to 441.5p after the company bought its way into the Russian market. The mobile phone content developer has agreed to buy local player Mobicon for as much as 27 million dollars in a deal that it claims will give it a foothold in the world's third largest games and ring tone market. The acquisition brings with it the ownership of a number of brands in Russia, with Mobicon widely thought to be the country's largest mobile content player by market share. MonsterMob clearly remains committed to obtaining leading market positions in emerging markets where enormous potential exists. A number of further opportunities are currently being explored. Meanwhile, Mobicon arrives in a healthy position, with EBITDA of 2.6 million dollars reported for the 10 months to 31st October, on sales of 2.6 million dollars.