World Reach Limited Provides Earnings Guidance for the Full Year Ending June 30, 2013 and for the Financial Year of 2014
The Company has been preparing a detailed Budget for Financial Year 2014 and is confident of a growth in revenues in excess of 30% over 2013. The expected results are particularly supported by: The product development contract secured with Iridium in December 2012 which will provide a new source of product revenue under contract from Iridium, in excess of USD 3.3 million for 2014; the emerging performances of SatPhone Shop and Short Burst Data airtime services sold in Australia; continuing business with Telstra and with MCN China at major levels; and the launch of Inmarsat products into Japan through NTT DoCoMo and JSat Mobile.