Source - RNS
RNS Number : 4921J
MySQUAR Limited
12 September 2016

MySQUAR Limited ("MySQUAR" or the "Company")


MySQUAR's update regarding user growth and monetisation of MyFish game


MySQUAR, the Myanmar-language social media, entertainment and payments platform whose principal activity is to design, develop and commercialise Myanmar-focused internet-based mobile applications, is delighted to announce that MyFish, the mobile game launched on 2 August 2016, has gone viral, attracting in excess of 1.5 million registered users in its first five weeks since release.


Average daily revenue in the month of August was US$800 per day, rising to a daily average of US$1,120 per day in the first 7 days of September and - three weeks earlier than forecast - to in excess of US$1,500 per day in the first few days of the 2nd week of September.


MyFish's revenue in September and thereafter is expected to grow steadily as a number of additional features - which encourage gamers to pay to use them - are to be released during the next few weeks. 


A new mobile game, Hawk Hero (Invincible Swords), has been launched today (12 September 2016). The game works on both Android and IOS devices and, like MyFish, is a freemium game, whereby the game is free at entry level and players are encouraged to enhance their chances with top-up payments for various features. The Company is able to drive users from one game or app to another, so Hawk Hero will benefit from the existing user base of other games and MyChat, the chat and social networking application of MySQUAR. 


The Company expects significant growth in revenue from the gaming business in the coming months due to the growing revenue of MyFish plus revenue from the new game Hawk Hero.


Eric Schaer, CEO of MySQUAR, said: "In less than 45 days the game has achieved tremendous results. Myanmar is absolutely primed for the introduction of new games and has demonstrated that there is a huge appetite for such content."


For further information:

MySQUAR Limited

Eric Schaer (Chief Executive)

Tel: +65 6818 6089

Pham Dang Hung (CFO)

SP Angel Corporate Finance LLP

Nominated Adviser

Tel:  +44 (0) 203 470 0470

Stuart Gledhill/Laura Harrison


Beaufort Securities Limited

Joint Broker

Jon Belliss/Elliot Hance


Mirabaud Securities LLP

Joint Broker

Edward Haig-Thomas/Peter Krens





Tel:  +44 (0) 207 382 8300




 Tel: +44 (0)20 7878 3447


Public Relations

Damien McCrystal


Tel:  +44 (0) 7816 770 758

[email protected]





This information is provided by RNS
The company news service from the London Stock Exchange

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