2014-12-15

Mycab and German based GMPS Group have, in cooperation, created a payment solution program targeted for larger on-line communities. The concept has been licensed and the first communities to deploy it are Viral Angels and Trig.com. The license deal, for Mycab part, is worth 1.5 MEUR over two years, 2015 and 2016.

Mycab's rational behind this deal is two pronged. In short perspective it implies that Mycab is capitalizing on its technology, Netsys V5™, with good profit. However more important is the long term strategically perspective, which is about creating a marketing channel and distribution of Mycab travel products to millions of users around the world.

The profit, 1.5 MEUR, will be recorded in tranches during 2015 and 2016.

Contact
Roger Blomquist, VD

info@mycabinternational.com

www.mycabinternational.com

Download this Press Release: 2014-12-15 PRESS RELEASE (PDF)

distributed by