MGM Wireless Limited (ASX:MWR) Chairman & CEO Mark Fortunatow presents on the company's smartphone safety device for children, 1H19 financials and expansion into the UK at FNN's Investor Event.
Key points: - Market capitalisation $39.9 million.
- Parent controlled smartwatch, GPS and phones for children aged 5 to 12 years
- Recurring revenue models - annual software licencing fee for schools and monthly wearables app fee
- Smart watch features include school mode, phone, SMS, location on demand, SOS alerts, social media free, no internet access
- Australia and New Zealand bricks and mortar distribution
- UK expansion starting this quarter
For more, watch Chairman & CEO Mark Fortunatow present.
