Ki-Bi Mobile Technologies, a provider of cards for the physical distribution of content to mobile users, has said it will float on AiM, the Alternative Investment Market of the London Stock Exchange.
Ki-Bi sells electronic content cards which download content such as ringtones, music, videos and games. The cards are designed as an alternative to “over the air” download of content on to handsets, as well as to the traditional distribution of such content via retail shops.
Ki-Bi has Siemens Acceleration in Communications as an investor and during the past two years has established channel and partner relationships with operators such as Ericsson, Orange and O2
The directors of Ki-Bi believe that admission to AiM will increase the company’s credibility amongst its customers and partners and provide it with a platform from which to accelerate the adoption of its products. They also want the ability to grow through selective acquisitions.
A recent study by Strategy Analytics projects that the mobile content market will reach approximately $26 billion in 2005.
