Tech Co.'s Cloud Platform Launched on US-Based Smartphones

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MiMedia Holdings Inc. (MIMDF:OTC; MIM:TSXV; KH3:FSE), creator of a next-generation cloud platform that gives users access to their personal media across all devices and platforms, announced that its software had been launched and integrated on the first set of smartphones in the United States made by partner Schok.

MiMedia's platform was uploaded to the phones via an "over the air" or "OTA" software update, demonstrating what the company noted is its ability to integrate quickly onto phones already in customers' hands.

MiMedia said going forward, the platform will be integrated into new Schok smartphones coming to market, as well.

"I am proud of our team's ability to integrate with a new partner so quickly and seamlessly to get to market," said MiMedia Chief Executive Officer Chris Giordano. "We are, of course, excited to launch in the U.S. for the first time with Schok. The U.S. market, as a Tier 1 mobile advertising market, brings to our business model 7x+ higher advertising CPMs vs. other regions that we target. We are looking forward to new launches on new devices with Schok and increasing device volume in the near term as we head into the busy season for smartphones in Q4."

Schok Chief Executive Officer Sam Gutiérrez said, "MiMedia fits right into our strategy of providing exceptional software, important and high-value propositions, and high-quality smartphones at a great price. We love what MiMedia has built, and we believe our consumers will also love it."

Made up of servers around the world, "the Cloud" is the new virtual storage space for our photos, messages, and important data.

Technical Analyst Clive Maund said the company's cloud solution "is arguably a considerable improvement on Google Photos and iCloud."

The company has said the largest telco carriers and smartphone manufacturers are missing revenue opportunities in the Cloud, which is expected to grow at a CAGR of 16.4% to be a US$1.44 trillion market by 2029, Mordor Intelligence reported.

MiMedia's solution is a platform that serves as a complete end-to-end solution for getting these players (Telcos and OEMs) into the market to give Cloud functionality to their customers while giving their partners access to multiple revenue streams, including mobile advertising and storage subscriptions.

MiMedia's seven apps are seamlessly integrated into one platform to work on smartphones, tablets, PCs, and all Web browsers. The platform is device agnostic, which means it works on all operating systems (Android, IOS, Mac, PC) and can be loaded directly into Android phones' core code as the default media gallery before shipment to consumers (Android makes up 85% of the global smartphone market).

Now Trading on the OTCQB

MiMedia also announced it successfully started trading in the U.S. on the OTCQB Venture Markets exchange under the symbol "MIMDF" on August 1. The company's common shares will continue to trade on the TSX Venture Exchange under the symbol "MIM" and on the Frankfurt exchange under the symbol "KH3."

The OTCQB, operated by OTC Markets Group, Inc., is designed for developing and entrepreneurial companies in the United States and abroad.

"We are excited to be listed in the US on the OTCQB and look forward to attracting new public market investors in the U.S.," Giordano said.

The company said it has also closed an 18-month loan investment with an arm's length corporation for a principal amount of CAD$1 million. The proceeds of the Loan will be used by MiMedia for general corporate purposes, the company said.

"We will always consider being opportunistic to grow faster," Giordano said. "The promissory note will allow MiMedia to leverage off the Schok deployment with our other

partners in other regions of the world and increase our business development efforts."

In connection with the loan, MiMedia has issued to the Lender an aggregate of 4 million share purchase warrants. Each warrant is exercisable to acquire one subordinate voting share of the company at a price of CA$0.25 for a period of 18 months from issuance.

"The company has spent US$50+ million developing the platform, which took six+ years to build and also has 16 issued patents," noted Technical Analyst Clive Maund on August 14. "MiMedia's platform is offered at no upfront cost to OEMs and Telcos, and the company and its partners share in the revenues generated by MiMedia's multiple revenue streams. MiMedia has made the platform very easy to implement and can be up and running in a few months or less."*

Millions of Phones to Get MiMedia Gallery

Maund said the company's cloud solution "is arguably a considerable improvement on Google Photos and iCloud."

"The platform sports a unique superior gallery with adverts on Android phones, which constitute 85% of the world's phones, and the company is the first to bring advertisers into this space and monetize it," he wrote on August 14, rating the stock an Immediate Strong Buy.

The company said its platform is already contracted to deploy on 35 million phones globally, which could double over the next year.

According to a report by Stats N Data, "As businesses and consumers increasingly seek more efficient and flexible phone solutions, the integration of cloud technology in the mobile landscape has gained immense traction, positioning the Android Cloud Phone as a vital player in the broader telecommunications industry."

The report said that the market is expected to grow at a CAGR of 24.36% from 2024 to 2031. Markets and Markets reported that the global private cloud market will grow from US$124.8 billion this year to US$190.9 billion by 2029 at a CAGR of 8.9%.

Ownership and Share Structure

According to the company, it has 73.7 million basic shares and 99.9 million fully diluted shares outstanding, with 8% of the company owned by insiders and management and the rest is retail.

Its market cap is CA$14.61 million (based on basic shares), and it trades in a 52-week range of CA$0.47 and CA$0.19.