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FONEWORX HOLDINGS LIMITED - Voluntary Announcement

Release Date: 27/08/2013 10:00
Code(s): FWX     PDF:  
Wrap Text
Voluntary Announcement

FONEWORX HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1997/010640/06)
Share code: FWX ISIN: ZAE000086237
(“FoneWorx” or “the company”)


VOLUNTARY ANNOUNCEMENT



The board of directors of FoneWorx (“the Board”) is pleased to advise shareholders that the service provider
agreement with Telkom on which the FoneWorx premium rated Fax2email service offering is operated on the
back of, as mentioned in the Interim Results released on SENS on 27 March 2013, has been awarded a
further five year extension to its existing contract, commencing 1 September 2013 until 31 August 2018.

This will provide a further contractual platform to not only grow the company’s base of over 300 000
subscribers but also add additional value added features to the product.

In addition the SABC has selected FoneWorx as one of the preferred bidders for the provision of the
procurement of wireless application service providers (“WASPs”) to partner in providing mobile value added
services (“MVAS”) for a period of three years from 1 September 2013. This will enable FoneWorx to not only
continue to provide value added services to the SABC, which it has done successfully over the last 10 years
but to also increase its footprint.

FoneWorx has been appointed a Dealer by Telkom Mobile for three years as from 1 September to procure
customers for Mobile handsets, data cards, recharge vouchers, connection packs, mobile accessories and
value added services for Telkom Mobile. This will add tremendous value to the company’s mobile handset
strategy.

Johannesburg
27 August 2013

Designated Adviser
Merchantec Capital

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